The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(8.82%) | $18,813,060 | | Net Lumpsum Payment | $115,605,610 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$670,387 |
$4,157,758 |
| 2 |
$7,981,020 |
$2,913,308
$703,926 |
$4,363,786 |
| 3 |
$8,379,970 |
$3,060,919
$739,113 |
$4,579,938 |
| 4 |
$8,799,120 |
$3,216,005
$776,082 |
$4,807,033 |
| 5 |
$9,238,975 |
$3,378,751
$814,878 |
$5,045,346 |
| 6 |
$9,701,050 |
$3,549,719
$855,633 |
$5,295,698 |
| 7 |
$10,185,850 |
$3,729,095
$898,392 |
$5,558,363 |
| 8 |
$10,695,395 |
$3,917,627
$943,334 |
$5,834,434 |
| 9 |
$11,230,190 |
$4,115,501
$990,503 |
$6,124,186 |
| 10 |
$11,791,750 |
$4,323,278
$1,040,032 |
$6,428,440 |
| 11 |
$12,381,085 |
$4,541,332
$1,092,012 |
$6,747,741 |
| 12 |
$13,000,215 |
$4,770,410
$1,146,619 |
$7,083,186 |
| 13 |
$13,650,150 |
$5,010,886
$1,203,943 |
$7,435,321 |
| 14 |
$14,332,910 |
$5,263,507
$1,264,163 |
$7,805,240 |
| 15 |
$15,049,505 |
$5,528,647
$1,327,366 |
$8,193,492 |
| 16 |
$15,801,955 |
$5,807,054
$1,393,732 |
$8,601,169 |
| 17 |
$16,591,775 |
$6,099,287
$1,463,395 |
$9,029,093 |
| 18 |
$17,421,490 |
$6,406,282
$1,536,575 |
$9,478,633 |
| 19 |
$18,292,615 |
$6,728,598
$1,613,409 |
$9,950,608 |
| 20 |
$19,207,170 |
$7,066,983
$1,694,072 |
$10,446,115 |
| 21 |
$20,167,680 |
$7,422,372
$1,778,789 |
$10,966,519 |
| 22 |
$21,176,165 |
$7,795,511
$1,867,738 |
$11,512,916 |
| 23 |
$22,234,645 |
$8,187,149
$1,961,096 |
$12,086,400 |
| 24 |
$23,346,655 |
$8,598,593
$2,059,175 |
$12,688,887 |
| 25 |
$24,513,710 |
$9,030,403
$2,162,109 |
$13,321,198 |
| 26 |
$25,739,850 |
$9,484,075
$2,270,255 |
$13,985,520 |
| 27 |
$27,026,590 |
$9,960,169
$2,383,745 |
$14,682,676 |
| 28 |
$28,377,970 |
$10,460,179
$2,502,937 |
$15,414,854 |
| 29 |
$29,797,020 |
$10,985,228
$2,628,097 |
$16,183,695 |
| 30 |
$31,286,770 |
$11,536,435
$2,759,493 |
$16,990,842 |
|
|
