The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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