New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Fri Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(8.82%)	$20,744,640
Net Lumpsum Payment	$127,471,030

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$736,762	$4,565,490
2	$8,771,220	-$3,205,682 -$773,622	$4,791,916
3	$9,209,670	-$3,367,908 -$812,293	$5,029,469
4	$9,670,320	-$3,538,349 -$852,922	$5,279,049
5	$10,153,725	-$3,717,209 -$895,559	$5,540,957
6	$10,661,550	-$3,905,104 -$940,349	$5,816,097
7	$11,194,350	-$4,102,240 -$987,342	$6,104,768
8	$11,754,345	-$4,309,438 -$1,036,733	$6,408,174
9	$12,342,090	-$4,526,904 -$1,088,572	$6,726,614
10	$12,959,250	-$4,755,253 -$1,143,006	$7,060,991
11	$13,606,935	-$4,994,896 -$1,200,132	$7,411,907
12	$14,287,365	-$5,246,655 -$1,260,146	$7,780,564
13	$15,001,650	-$5,510,941 -$1,323,146	$8,167,563
14	$15,752,010	-$5,788,574 -$1,389,327	$8,574,109
15	$16,539,555	-$6,079,966 -$1,458,789	$9,000,800
16	$17,366,505	-$6,385,937 -$1,531,726	$9,448,842
17	$18,234,525	-$6,707,105 -$1,608,285	$9,919,135
18	$19,146,390	-$7,044,495 -$1,688,712	$10,413,183
19	$20,103,765	-$7,398,723 -$1,773,152	$10,931,890
20	$21,108,870	-$7,770,612 -$1,861,802	$11,476,456
21	$22,164,480	-$8,161,188 -$1,954,907	$12,048,385
22	$23,272,815	-$8,571,272 -$2,052,662	$12,648,881
23	$24,436,095	-$9,001,686 -$2,155,264	$13,279,145
24	$25,658,205	-$9,453,866 -$2,263,054	$13,941,285
25	$26,940,810	-$9,928,430 -$2,376,179	$14,636,201
26	$28,288,350	-$10,427,020 -$2,495,032	$15,366,298
27	$29,702,490	-$10,950,252 -$2,619,760	$16,132,478
28	$31,187,670	-$11,499,768 -$2,750,752	$16,937,150
29	$32,747,220	-$12,076,802 -$2,888,305	$17,782,113
30	$34,384,470	-$12,682,584 -$3,032,710	$18,669,176