The jackpot for the MEGA Millions draw on Fri Jun 12, 2026, is projected to be $413 Million, with an option for a cash payout of $182.6 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 Fri Jun 12, 2026 |
|---|
| Draw Date | Fri Jun 12, 2026 | | Projected Jackpot | $413,000,000 | | Cash Value | $182,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $182,600,000 | | Federal Tax(24%) | $43,824,000 | | Additional Federal Tax | $23,698,330 | | State Tax(8.82%) | $16,105,320 | | Net Lumpsum Payment | $98,972,350 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,216,063 |
$2,260,274
$548,257 |
$3,407,532 |
| 2 |
$6,527,052 |
$2,375,340
$575,686 |
$3,576,026 |
| 3 |
$6,853,322 |
$2,496,060
$604,463 |
$3,752,799 |
| 4 |
$7,196,112 |
$2,622,892
$634,697 |
$3,938,523 |
| 5 |
$7,555,835 |
$2,755,989
$666,425 |
$4,133,421 |
| 6 |
$7,933,730 |
$2,895,810
$699,755 |
$4,338,165 |
| 7 |
$8,330,210 |
$3,042,508
$734,725 |
$4,552,977 |
| 8 |
$8,746,927 |
$3,196,693
$771,479 |
$4,778,755 |
| 9 |
$9,184,294 |
$3,358,519
$810,055 |
$5,015,720 |
| 10 |
$9,643,550 |
$3,528,444
$850,561 |
$5,264,545 |
| 11 |
$10,125,521 |
$3,706,773
$893,071 |
$5,525,677 |
| 12 |
$10,631,859 |
$3,894,118
$937,730 |
$5,800,011 |
| 13 |
$11,163,390 |
$4,090,785
$984,611 |
$6,087,994 |
| 14 |
$11,721,766 |
$4,297,384
$1,033,860 |
$6,390,522 |
| 15 |
$12,307,813 |
$4,514,221
$1,085,549 |
$6,708,043 |
| 16 |
$12,923,183 |
$4,741,908
$1,139,825 |
$7,041,450 |
| 17 |
$13,569,115 |
$4,980,903
$1,196,796 |
$7,391,416 |
| 18 |
$14,247,674 |
$5,231,970
$1,256,645 |
$7,759,059 |
| 19 |
$14,960,099 |
$5,495,567
$1,319,481 |
$8,145,051 |
| 20 |
$15,708,042 |
$5,772,306
$1,385,449 |
$8,550,287 |
| 21 |
$16,493,568 |
$6,062,951
$1,454,733 |
$8,975,884 |
| 22 |
$17,318,329 |
$6,368,112
$1,527,477 |
$9,422,740 |
| 23 |
$18,183,977 |
$6,688,402
$1,603,827 |
$9,891,748 |
| 24 |
$19,093,403 |
$7,024,889
$1,684,038 |
$10,384,476 |
| 25 |
$20,047,846 |
$7,378,033
$1,768,220 |
$10,901,593 |
| 26 |
$21,050,610 |
$7,749,056
$1,856,664 |
$11,444,890 |
| 27 |
$22,102,934 |
$8,138,416
$1,949,479 |
$12,015,039 |
| 28 |
$23,208,122 |
$8,547,336
$2,046,956 |
$12,613,830 |
| 29 |
$24,368,652 |
$8,976,732
$2,149,315 |
$13,242,605 |
| 30 |
$25,587,002 |
$9,427,521
$2,256,774 |
$13,902,707 |
|
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