New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of New Jersey, your state will take 8% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Jersey MEGA Millions Jackpot/Cash Option for Tue Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(8%)	$16,880,000
Net Lumpsum Payment	$116,089,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$562,305	$3,905,519
2	$7,380,468	-$2,691,104 -$590,437	$4,098,927
3	$7,749,398	-$2,827,608 -$619,952	$4,301,838
4	$8,137,008	-$2,971,023 -$650,961	$4,515,024
5	$8,543,765	-$3,121,523 -$683,501	$4,738,741
6	$8,971,070	-$3,279,626 -$717,686	$4,973,758
7	$9,419,390	-$3,445,505 -$753,551	$5,220,334
8	$9,890,593	-$3,619,850 -$791,247	$5,479,496
9	$10,385,146	-$3,802,834 -$830,812	$5,751,500
10	$10,904,450	-$3,994,977 -$872,356	$6,037,117
11	$11,449,439	-$4,196,623 -$915,955	$6,336,861
12	$12,021,981	-$4,408,463 -$961,758	$6,651,760
13	$12,623,010	-$4,630,844 -$1,009,841	$6,982,325
14	$13,254,394	-$4,864,456 -$1,060,352	$7,329,586
15	$13,917,067	-$5,109,645 -$1,113,365	$7,694,057
16	$14,612,897	-$5,367,102 -$1,169,032	$8,076,763
17	$15,343,285	-$5,637,346 -$1,227,463	$8,478,476
18	$16,110,566	-$5,921,240 -$1,288,845	$8,900,481
19	$16,916,141	-$6,219,303 -$1,353,291	$9,343,547
20	$17,761,878	-$6,532,225 -$1,420,950	$9,808,703
21	$18,650,112	-$6,860,872 -$1,492,009	$10,297,231
22	$19,582,711	-$7,205,933 -$1,566,617	$10,810,161
23	$20,561,543	-$7,568,101 -$1,644,923	$11,348,519
24	$21,589,877	-$7,948,585 -$1,727,190	$11,914,102
25	$22,669,114	-$8,347,903 -$1,813,529	$12,507,682
26	$23,802,990	-$8,767,437 -$1,904,239	$13,131,314
27	$24,992,906	-$9,207,706 -$1,999,432	$13,785,768
28	$26,242,598	-$9,670,092 -$2,099,408	$14,473,098
29	$27,554,868	-$10,155,632 -$2,204,389	$15,194,847
30	$28,932,518	-$10,665,362 -$2,314,601	$15,952,555