The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(8.82%) | $12,030,480 | | Net Lumpsum Payment | $73,941,190 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$412,852 |
$2,575,760 |
| 2 |
$4,915,044 |
$1,778,897
$433,507 |
$2,702,640 |
| 3 |
$5,160,734 |
$1,869,802
$455,177 |
$2,835,755 |
| 4 |
$5,418,864 |
$1,965,310
$477,944 |
$2,975,610 |
| 5 |
$5,689,745 |
$2,065,536
$501,836 |
$3,122,373 |
| 6 |
$5,974,310 |
$2,170,825
$526,934 |
$3,276,551 |
| 7 |
$6,272,870 |
$2,281,292
$553,267 |
$3,438,311 |
| 8 |
$6,586,669 |
$2,397,398
$580,944 |
$3,608,327 |
| 9 |
$6,916,018 |
$2,519,257
$609,993 |
$3,786,768 |
| 10 |
$7,261,850 |
$2,647,215
$640,495 |
$3,974,140 |
| 11 |
$7,624,787 |
$2,781,502
$672,506 |
$4,170,779 |
| 12 |
$8,006,073 |
$2,922,577
$706,136 |
$4,377,360 |
| 13 |
$8,406,330 |
$3,070,672
$741,438 |
$4,594,220 |
| 14 |
$8,826,802 |
$3,226,247
$778,524 |
$4,822,031 |
| 15 |
$9,268,111 |
$3,389,531
$817,447 |
$5,061,133 |
| 16 |
$9,731,501 |
$3,560,986
$858,318 |
$5,312,197 |
| 17 |
$10,217,905 |
$3,740,955
$901,219 |
$5,575,731 |
| 18 |
$10,728,878 |
$3,930,015
$946,287 |
$5,852,576 |
| 19 |
$11,265,353 |
$4,128,511
$993,604 |
$6,143,238 |
| 20 |
$11,828,574 |
$4,336,903
$1,043,280 |
$6,448,391 |
| 21 |
$12,420,096 |
$4,555,766
$1,095,452 |
$6,768,878 |
| 22 |
$13,041,163 |
$4,785,561
$1,150,231 |
$7,105,371 |
| 23 |
$13,693,019 |
$5,026,747
$1,207,724 |
$7,458,548 |
| 24 |
$14,377,841 |
$5,280,132
$1,268,126 |
$7,829,583 |
| 25 |
$15,096,562 |
$5,546,058
$1,331,517 |
$8,218,987 |
| 26 |
$15,851,670 |
$5,825,448
$1,398,117 |
$8,628,105 |
| 27 |
$16,644,098 |
$6,118,647
$1,468,009 |
$9,057,442 |
| 28 |
$17,476,334 |
$6,426,574
$1,541,413 |
$9,508,347 |
| 29 |
$18,350,244 |
$6,749,921
$1,618,492 |
$9,981,831 |
| 30 |
$19,267,694 |
$7,089,377
$1,699,411 |
$10,478,906 |
|
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