The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(8.82%) | $6,076,980 | | Net Lumpsum Payment | $37,369,690 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$212,400 |
$1,344,410 |
| 2 |
$2,528,640 |
$895,927
$223,026 |
$1,409,687 |
| 3 |
$2,655,040 |
$942,695
$234,175 |
$1,478,170 |
| 4 |
$2,787,840 |
$991,831
$245,887 |
$1,550,122 |
| 5 |
$2,927,200 |
$1,043,394
$258,179 |
$1,625,627 |
| 6 |
$3,073,600 |
$1,097,562
$271,092 |
$1,704,946 |
| 7 |
$3,227,200 |
$1,154,394
$284,639 |
$1,788,167 |
| 8 |
$3,388,640 |
$1,214,127
$298,878 |
$1,875,635 |
| 9 |
$3,558,080 |
$1,276,820
$313,823 |
$1,967,437 |
| 10 |
$3,736,000 |
$1,342,650
$329,515 |
$2,063,835 |
| 11 |
$3,922,720 |
$1,411,737
$345,984 |
$2,164,999 |
| 12 |
$4,118,880 |
$1,484,316
$363,285 |
$2,271,279 |
| 13 |
$4,324,800 |
$1,560,506
$381,447 |
$2,382,847 |
| 14 |
$4,541,120 |
$1,640,545
$400,527 |
$2,500,048 |
| 15 |
$4,768,160 |
$1,724,550
$420,552 |
$2,623,058 |
| 16 |
$5,006,560 |
$1,812,758
$441,579 |
$2,752,223 |
| 17 |
$5,256,800 |
$1,905,346
$463,650 |
$2,887,804 |
| 18 |
$5,519,680 |
$2,002,612
$486,836 |
$3,030,232 |
| 19 |
$5,795,680 |
$2,104,732
$511,179 |
$3,179,769 |
| 20 |
$6,085,440 |
$2,211,943
$536,736 |
$3,336,761 |
| 21 |
$6,389,760 |
$2,324,542
$563,577 |
$3,501,641 |
| 22 |
$6,709,280 |
$2,442,764
$591,758 |
$3,674,758 |
| 23 |
$7,044,640 |
$2,566,847
$621,337 |
$3,856,456 |
| 24 |
$7,396,960 |
$2,697,206
$652,412 |
$4,047,342 |
| 25 |
$7,766,720 |
$2,834,017
$685,025 |
$4,247,678 |
| 26 |
$8,155,200 |
$2,977,754
$719,289 |
$4,458,157 |
| 27 |
$8,562,880 |
$3,128,596
$755,246 |
$4,679,038 |
| 28 |
$8,991,040 |
$3,287,015
$793,010 |
$4,911,015 |
| 29 |
$9,440,640 |
$3,453,367
$832,664 |
$5,154,609 |
| 30 |
$9,912,640 |
$3,628,007
$874,295 |
$5,410,338 |
|
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