New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(8.82%)	$5,538,960
Net Lumpsum Payment	$34,064,710

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$185,850	$1,181,318
2	$2,212,560	-$778,978 -$195,148	$1,238,434
3	$2,323,160	-$819,900 -$204,903	$1,298,357
4	$2,439,360	-$862,894 -$215,152	$1,361,314
5	$2,561,300	-$908,011 -$225,907	$1,427,382
6	$2,689,400	-$955,408 -$237,205	$1,496,787
7	$2,823,800	-$1,005,136 -$249,059	$1,569,605
8	$2,965,060	-$1,057,403 -$261,518	$1,646,139
9	$3,113,320	-$1,112,259 -$274,595	$1,726,466
10	$3,269,000	-$1,169,860 -$288,326	$1,810,814
11	$3,432,380	-$1,230,311 -$302,736	$1,899,333
12	$3,604,020	-$1,293,818 -$317,875	$1,992,327
13	$3,784,200	-$1,360,484 -$333,766	$2,089,950
14	$3,973,480	-$1,430,518 -$350,461	$2,192,501
15	$4,172,140	-$1,504,022 -$367,983	$2,300,135
16	$4,380,740	-$1,581,204 -$386,381	$2,413,155
17	$4,599,700	-$1,662,219 -$405,694	$2,531,787
18	$4,829,720	-$1,747,327 -$425,981	$2,656,412
19	$5,071,220	-$1,836,682 -$447,282	$2,787,256
20	$5,324,760	-$1,930,492 -$469,644	$2,924,624
21	$5,591,040	-$2,029,015 -$493,130	$3,068,895
22	$5,870,620	-$2,132,460 -$517,789	$3,220,371
23	$6,164,060	-$2,241,033 -$543,670	$3,379,357
24	$6,472,340	-$2,355,096 -$570,860	$3,546,384
25	$6,795,880	-$2,474,806 -$599,397	$3,721,677
26	$7,135,800	-$2,600,576 -$629,378	$3,905,846
27	$7,492,520	-$2,732,563 -$660,840	$4,099,117
28	$7,867,160	-$2,871,180 -$693,884	$4,302,096
29	$8,260,560	-$3,016,738 -$728,581	$4,515,241
30	$8,673,560	-$3,169,548 -$765,008	$4,739,004