New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(8.82%)	$8,493,660
Net Lumpsum Payment	$52,215,010

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$301,342	$1,890,771
2	$3,587,508	-$1,287,708 -$316,418	$1,983,382
3	$3,766,838	-$1,354,060 -$332,235	$2,080,543
4	$3,955,248	-$1,423,772 -$348,853	$2,182,623
5	$4,152,965	-$1,496,927 -$366,292	$2,289,746
6	$4,360,670	-$1,573,778 -$384,611	$2,402,281
7	$4,578,590	-$1,654,409 -$403,832	$2,520,349
8	$4,807,633	-$1,739,155 -$424,033	$2,644,445
9	$5,048,026	-$1,828,100 -$445,236	$2,774,690
10	$5,300,450	-$1,921,497 -$467,500	$2,911,453
11	$5,565,359	-$2,019,513 -$490,865	$3,054,981
12	$5,843,661	-$2,122,485 -$515,411	$3,205,765
13	$6,135,810	-$2,230,580 -$541,178	$3,364,052
14	$6,442,714	-$2,344,135 -$568,247	$3,530,332
15	$6,764,827	-$2,463,316 -$596,658	$3,704,853
16	$7,103,057	-$2,588,461 -$626,490	$3,888,106
17	$7,458,085	-$2,719,822 -$657,803	$4,080,460
18	$7,831,046	-$2,857,817 -$690,698	$4,282,531
19	$8,222,621	-$3,002,700 -$725,235	$4,494,686
20	$8,633,718	-$3,154,806 -$761,494	$4,717,418
21	$9,065,472	-$3,314,555 -$799,575	$4,951,342
22	$9,518,791	-$3,482,283 -$839,557	$5,196,951
23	$9,994,583	-$3,658,326 -$881,522	$5,454,735
24	$10,494,437	-$3,843,272 -$925,609	$5,725,556
25	$11,019,034	-$4,037,373 -$971,879	$6,009,782
26	$11,570,190	-$4,241,301 -$1,020,491	$6,308,398
27	$12,148,586	-$4,455,307 -$1,071,505	$6,621,774
28	$12,756,038	-$4,680,064 -$1,125,083	$6,950,891
29	$13,393,908	-$4,916,076 -$1,181,343	$7,296,489
30	$14,063,558	-$5,163,847 -$1,240,406	$7,659,305