New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(8.82%)	$13,565,160
Net Lumpsum Payment	$83,368,510

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$459,314	$2,861,173
2	$5,468,184	-$1,983,558 -$482,294	$3,002,332
3	$5,741,524	-$2,084,694 -$506,402	$3,150,428
4	$6,028,704	-$2,190,951 -$531,732	$3,306,021
5	$6,330,070	-$2,302,456 -$558,312	$3,469,302
6	$6,646,660	-$2,419,595 -$586,235	$3,640,830
7	$6,978,820	-$2,542,494 -$615,532	$3,820,794
8	$7,327,934	-$2,671,666 -$646,324	$4,009,944
9	$7,694,348	-$2,807,239 -$678,641	$4,208,468
10	$8,079,100	-$2,949,597 -$712,577	$4,416,926
11	$8,482,882	-$3,098,997 -$748,190	$4,635,695
12	$8,907,078	-$3,255,949 -$785,604	$4,865,525
13	$9,352,380	-$3,420,711 -$824,880	$5,106,789
14	$9,820,172	-$3,593,794 -$866,139	$5,360,239
15	$10,311,146	-$3,775,454 -$909,443	$5,626,249
16	$10,826,686	-$3,966,204 -$954,914	$5,905,568
17	$11,367,830	-$4,166,427 -$1,002,643	$6,198,760
18	$11,936,308	-$4,376,764 -$1,052,782	$6,506,762
19	$12,533,158	-$4,597,599 -$1,105,425	$6,830,134
20	$13,159,764	-$4,829,443 -$1,160,691	$7,169,630
21	$13,817,856	-$5,072,937 -$1,218,735	$7,526,184
22	$14,508,818	-$5,328,593 -$1,279,678	$7,900,547
23	$15,234,034	-$5,596,923 -$1,343,642	$8,293,469
24	$15,995,926	-$5,878,823 -$1,410,841	$8,706,262
25	$16,795,532	-$6,174,677 -$1,481,366	$9,139,489
26	$17,635,620	-$6,485,510 -$1,555,462	$9,594,648
27	$18,517,228	-$6,811,705 -$1,633,220	$10,072,303
28	$19,443,124	-$7,154,286 -$1,714,884	$10,573,954
29	$20,415,384	-$7,514,022 -$1,800,637	$11,100,725
30	$21,436,084	-$7,891,681 -$1,890,663	$11,653,740