New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(8.82%)	$16,449,300
Net Lumpsum Payment	$101,085,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$588,082	$3,652,171
2	$7,001,172	-$2,550,764 -$617,503	$3,832,905
3	$7,351,142	-$2,680,253 -$648,371	$4,022,518
4	$7,718,832	-$2,816,298 -$680,801	$4,221,733
5	$8,104,685	-$2,959,064 -$714,833	$4,430,788
6	$8,510,030	-$3,109,041 -$750,585	$4,650,404
7	$8,935,310	-$3,266,395 -$788,094	$4,880,821
8	$9,382,297	-$3,431,780 -$827,519	$5,122,998
9	$9,851,434	-$3,605,361 -$868,896	$5,377,177
10	$10,344,050	-$3,787,629 -$912,345	$5,644,076
11	$10,861,031	-$3,978,912 -$957,943	$5,924,176
12	$11,404,149	-$4,179,866 -$1,005,846	$6,218,437
13	$11,974,290	-$4,390,818 -$1,056,132	$6,527,340
14	$12,573,226	-$4,612,424 -$1,108,959	$6,851,843
15	$13,201,843	-$4,845,012 -$1,164,403	$7,192,428
16	$13,861,913	-$5,089,238 -$1,222,621	$7,550,054
17	$14,554,765	-$5,345,593 -$1,283,730	$7,925,442
18	$15,282,614	-$5,614,898 -$1,347,927	$8,319,789
19	$16,046,789	-$5,897,642 -$1,415,327	$8,733,820
20	$16,849,062	-$6,194,483 -$1,486,087	$9,168,492
21	$17,691,648	-$6,506,240 -$1,560,403	$9,625,005
22	$18,576,319	-$6,833,568 -$1,638,431	$10,104,320
23	$19,504,847	-$7,177,124 -$1,720,328	$10,607,395
24	$20,480,333	-$7,538,054 -$1,806,365	$11,135,914
25	$21,504,106	-$7,916,850 -$1,896,662	$11,690,594
26	$22,579,710	-$8,314,823 -$1,991,530	$12,273,357
27	$23,708,474	-$8,732,466 -$2,091,087	$12,884,921
28	$24,893,942	-$9,171,089 -$2,195,646	$13,527,207
29	$26,138,772	-$9,631,676 -$2,305,440	$14,201,656
30	$27,445,622	-$10,115,211 -$2,420,704	$14,909,707