The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York MEGA Millions Jackpot/Cash Option for Tue Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(8.82%) | $21,538,440 | | Net Lumpsum Payment | $132,347,230 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$707,557 |
$4,386,088 |
| 2 |
$8,423,532 |
$3,077,037
$742,956 |
$4,603,539 |
| 3 |
$8,844,602 |
$3,232,833
$780,094 |
$4,831,675 |
| 4 |
$9,286,992 |
$3,396,517
$819,113 |
$5,071,362 |
| 5 |
$9,751,235 |
$3,568,287
$860,059 |
$5,322,889 |
| 6 |
$10,238,930 |
$3,748,734
$903,074 |
$5,587,122 |
| 7 |
$10,750,610 |
$3,938,056
$948,204 |
$5,864,350 |
| 8 |
$11,288,407 |
$4,137,041
$995,637 |
$6,155,729 |
| 9 |
$11,852,854 |
$4,345,886
$1,045,422 |
$6,461,546 |
| 10 |
$12,445,550 |
$4,565,184
$1,097,698 |
$6,782,668 |
| 11 |
$13,067,561 |
$4,795,328
$1,152,559 |
$7,119,674 |
| 12 |
$13,721,019 |
$5,037,107
$1,210,194 |
$7,473,718 |
| 13 |
$14,406,990 |
$5,290,917
$1,270,697 |
$7,845,376 |
| 14 |
$15,127,606 |
$5,557,545
$1,334,255 |
$8,235,806 |
| 15 |
$15,883,933 |
$5,837,386
$1,400,963 |
$8,645,584 |
| 16 |
$16,678,103 |
$6,131,228
$1,471,009 |
$9,075,866 |
| 17 |
$17,511,715 |
$6,439,665
$1,544,533 |
$9,527,517 |
| 18 |
$18,387,434 |
$6,763,681
$1,621,772 |
$10,001,981 |
| 19 |
$19,306,859 |
$7,103,868
$1,702,865 |
$10,500,126 |
| 20 |
$20,272,122 |
$7,461,016
$1,788,001 |
$11,023,105 |
| 21 |
$21,285,888 |
$7,836,109
$1,877,415 |
$11,572,364 |
| 22 |
$22,350,289 |
$8,229,937
$1,971,295 |
$12,149,057 |
| 23 |
$23,467,457 |
$8,643,289
$2,069,830 |
$12,754,338 |
| 24 |
$24,641,123 |
$9,077,546
$2,173,347 |
$13,390,230 |
| 25 |
$25,872,886 |
$9,533,298
$2,281,989 |
$14,057,599 |
| 26 |
$27,167,010 |
$10,012,124
$2,396,130 |
$14,758,756 |
| 27 |
$28,525,094 |
$10,514,615
$2,515,913 |
$15,494,566 |
| 28 |
$29,951,402 |
$11,042,349
$2,641,714 |
$16,267,339 |
| 29 |
$31,449,132 |
$11,596,509
$2,773,813 |
$17,078,810 |
| 30 |
$33,021,482 |
$12,178,279
$2,912,495 |
$17,930,708 |
|
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