New York Lottery

NYLottery 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 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 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(8.82%)	$18,610,200
Net Lumpsum Payment	$114,359,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$619,942	$3,847,882
2	$7,380,468	-$2,691,104 -$650,957	$4,038,407
3	$7,749,398	-$2,827,608 -$683,497	$4,238,293
4	$8,137,008	-$2,971,023 -$717,684	$4,448,301
5	$8,543,765	-$3,121,523 -$753,560	$4,668,682
6	$8,971,070	-$3,279,626 -$791,248	$4,900,196
7	$9,419,390	-$3,445,505 -$830,790	$5,143,095
8	$9,890,593	-$3,619,850 -$872,350	$5,398,393
9	$10,385,146	-$3,802,834 -$915,970	$5,666,342
10	$10,904,450	-$3,994,977 -$961,772	$5,947,701
11	$11,449,439	-$4,196,623 -$1,009,841	$6,242,975
12	$12,021,981	-$4,408,463 -$1,060,339	$6,553,179
13	$12,623,010	-$4,630,844 -$1,113,349	$6,878,817
14	$13,254,394	-$4,864,456 -$1,169,038	$7,220,900
15	$13,917,067	-$5,109,645 -$1,227,485	$7,579,937
16	$14,612,897	-$5,367,102 -$1,288,858	$7,956,937
17	$15,343,285	-$5,637,346 -$1,353,278	$8,352,661
18	$16,110,566	-$5,921,240 -$1,420,952	$8,768,374
19	$16,916,141	-$6,219,303 -$1,492,004	$9,204,834
20	$17,761,878	-$6,532,225 -$1,566,598	$9,663,055
21	$18,650,112	-$6,860,872 -$1,644,940	$10,144,300
22	$19,582,711	-$7,205,933 -$1,727,195	$10,649,583
23	$20,561,543	-$7,568,101 -$1,813,528	$11,179,914
24	$21,589,877	-$7,948,585 -$1,904,227	$11,737,065
25	$22,669,114	-$8,347,903 -$1,999,416	$12,321,795
26	$23,802,990	-$8,767,437 -$2,099,424	$12,936,129
27	$24,992,906	-$9,207,706 -$2,204,374	$13,580,826
28	$26,242,598	-$9,670,092 -$2,314,597	$14,257,909
29	$27,554,868	-$10,155,632 -$2,430,339	$14,968,897
30	$28,932,518	-$10,665,362 -$2,551,848	$15,715,308