New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 York, your state will take 8.82% 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 York MEGA Millions Jackpot/Cash Option for Tue Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(8.82%)	$12,312,720
Net Lumpsum Payment	$75,674,950

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$457,987	$2,853,017
2	$5,452,380	-$1,977,711 -$480,900	$2,993,769
3	$5,724,930	-$2,078,554 -$504,939	$3,141,437
4	$6,011,280	-$2,184,504 -$530,195	$3,296,581
5	$6,311,775	-$2,295,687 -$556,699	$3,459,389
6	$6,627,450	-$2,412,487 -$584,541	$3,630,422
7	$6,958,650	-$2,535,031 -$613,753	$3,809,866
8	$7,306,755	-$2,663,830 -$644,456	$3,998,469
9	$7,672,110	-$2,799,011 -$676,680	$4,196,419
10	$8,055,750	-$2,940,958 -$710,517	$4,404,275
11	$8,458,365	-$3,089,925 -$746,028	$4,622,412
12	$8,881,335	-$3,246,424 -$783,334	$4,851,577
13	$9,325,350	-$3,410,710 -$822,496	$5,092,144
14	$9,791,790	-$3,583,293 -$863,636	$5,344,861
15	$10,281,345	-$3,764,428 -$906,815	$5,610,102
16	$10,795,395	-$3,954,627 -$952,154	$5,888,614
17	$11,334,975	-$4,154,271 -$999,745	$6,180,959
18	$11,901,810	-$4,364,000 -$1,049,740	$6,488,070
19	$12,496,935	-$4,584,196 -$1,102,230	$6,810,509
20	$13,121,730	-$4,815,370 -$1,157,337	$7,149,023
21	$13,777,920	-$5,058,161 -$1,215,213	$7,504,546
22	$14,466,885	-$5,313,078 -$1,275,979	$7,877,828
23	$15,190,005	-$5,580,632 -$1,339,758	$8,269,615
24	$15,949,695	-$5,861,718 -$1,406,763	$8,681,214
25	$16,746,990	-$6,156,717 -$1,477,085	$9,113,188
26	$17,584,650	-$6,466,651 -$1,550,966	$9,567,033
27	$18,463,710	-$6,791,903 -$1,628,499	$10,043,308
28	$19,386,930	-$7,133,494 -$1,709,927	$10,543,509
29	$20,356,380	-$7,492,191 -$1,795,433	$11,068,756
30	$21,374,130	-$7,868,758 -$1,885,198	$11,620,174