The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(8.82%) | $9,746,100 | | Net Lumpsum Payment | $59,908,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$346,477 |
$2,168,029 |
| 2 |
$4,124,844 |
$1,486,523
$363,811 |
$2,274,510 |
| 3 |
$4,331,034 |
$1,562,813
$381,997 |
$2,386,224 |
| 4 |
$4,547,664 |
$1,642,966
$401,104 |
$2,503,594 |
| 5 |
$4,774,995 |
$1,727,079
$421,155 |
$2,626,761 |
| 6 |
$5,013,810 |
$1,815,440
$442,218 |
$2,756,152 |
| 7 |
$5,264,370 |
$1,908,147
$464,317 |
$2,891,906 |
| 8 |
$5,527,719 |
$2,005,586
$487,545 |
$3,034,588 |
| 9 |
$5,804,118 |
$2,107,854
$511,923 |
$3,184,341 |
| 10 |
$6,094,350 |
$2,215,240
$537,522 |
$3,341,588 |
| 11 |
$6,398,937 |
$2,327,937
$564,386 |
$3,506,614 |
| 12 |
$6,718,923 |
$2,446,332
$592,609 |
$3,679,982 |
| 13 |
$7,054,830 |
$2,570,617
$622,236 |
$3,861,977 |
| 14 |
$7,407,702 |
$2,701,180
$653,359 |
$4,053,163 |
| 15 |
$7,778,061 |
$2,838,213
$686,025 |
$4,253,823 |
| 16 |
$8,166,951 |
$2,982,102
$720,325 |
$4,464,524 |
| 17 |
$8,575,155 |
$3,133,138
$756,329 |
$4,685,688 |
| 18 |
$9,003,978 |
$3,291,802
$794,151 |
$4,918,025 |
| 19 |
$9,454,203 |
$3,458,385
$833,861 |
$5,161,957 |
| 20 |
$9,926,874 |
$3,633,274
$875,550 |
$5,418,050 |
| 21 |
$10,423,296 |
$3,816,950
$919,335 |
$5,687,011 |
| 22 |
$10,944,513 |
$4,009,800
$965,306 |
$5,969,407 |
| 23 |
$11,491,569 |
$4,212,211
$1,013,556 |
$6,265,802 |
| 24 |
$12,066,291 |
$4,424,858
$1,064,247 |
$6,577,186 |
| 25 |
$12,669,462 |
$4,648,031
$1,117,447 |
$6,903,984 |
| 26 |
$13,303,170 |
$4,882,503
$1,173,340 |
$7,247,327 |
| 27 |
$13,968,198 |
$5,128,564
$1,231,995 |
$7,607,639 |
| 28 |
$14,666,634 |
$5,386,985
$1,293,597 |
$7,986,052 |
| 29 |
$15,400,044 |
$5,658,347
$1,358,284 |
$8,383,413 |
| 30 |
$16,169,994 |
$5,943,228
$1,426,193 |
$8,800,573 |
|
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