New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(8%)	$22,240,000
Net Lumpsum Payment	$152,939,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$766,999	$5,312,787
2	$10,067,148	-$3,685,175 -$805,372	$5,576,601
3	$10,570,378	-$3,871,370 -$845,630	$5,853,378
4	$11,099,088	-$4,066,993 -$887,927	$6,144,168
5	$11,653,915	-$4,272,279 -$932,313	$6,449,323
6	$12,236,770	-$4,487,935 -$978,942	$6,769,893
7	$12,848,290	-$4,714,198 -$1,027,863	$7,106,229
8	$13,491,023	-$4,952,009 -$1,079,282	$7,459,732
9	$14,165,606	-$5,201,605 -$1,133,248	$7,830,753
10	$14,873,950	-$5,463,692 -$1,189,916	$8,220,342
11	$15,617,329	-$5,738,742 -$1,249,386	$8,629,201
12	$16,398,291	-$6,027,698 -$1,311,863	$9,058,730
13	$17,218,110	-$6,331,031 -$1,377,449	$9,509,630
14	$18,079,334	-$6,649,684 -$1,446,347	$9,983,303
15	$18,983,237	-$6,984,128 -$1,518,659	$10,480,450
16	$19,932,367	-$7,335,306 -$1,594,589	$11,002,472
17	$20,928,635	-$7,703,925 -$1,674,291	$11,550,419
18	$21,975,226	-$8,091,164 -$1,758,018	$12,126,044
19	$23,074,051	-$8,497,729 -$1,845,924	$12,730,398
20	$24,227,658	-$8,924,564 -$1,938,213	$13,364,881
21	$25,439,232	-$9,372,846 -$2,035,139	$14,031,247
22	$26,711,321	-$9,843,519 -$2,136,906	$14,730,896
23	$28,046,473	-$10,337,525 -$2,243,718	$15,465,230
24	$29,449,147	-$10,856,515 -$2,355,932	$16,236,700
25	$30,921,254	-$11,401,194 -$2,473,700	$17,046,360
26	$32,467,890	-$11,973,450 -$2,597,431	$17,897,009
27	$34,090,966	-$12,573,988 -$2,727,277	$18,789,701
28	$35,795,578	-$13,204,694 -$2,863,646	$19,727,238
29	$37,585,548	-$13,866,983 -$3,006,844	$20,711,721
30	$39,464,698	-$14,562,269 -$3,157,176	$21,745,253