The jackpot for the MEGA Millions draw on Tue Oct 13, 2026, is projected to be $385 Million, with an option for a cash payout of $154.8 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 13, 2026 |
|---|
| Draw Date | Tue Oct 13, 2026 | | Projected Jackpot | $385,000,000 | | Cash Value | $154,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $154,800,000 | | Federal Tax(24%) | $37,152,000 | | Additional Federal Tax | $20,084,330 | | State Tax(8.82%) | $13,653,360 | | Net Lumpsum Payment | $83,910,310 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,794,635 |
$2,104,345
$511,087 |
$3,179,203 |
| 2 |
$6,084,540 |
$2,211,610
$536,656 |
$3,336,274 |
| 3 |
$6,388,690 |
$2,324,146
$563,482 |
$3,501,062 |
| 4 |
$6,708,240 |
$2,442,379
$591,667 |
$3,674,194 |
| 5 |
$7,043,575 |
$2,566,453
$621,243 |
$3,855,879 |
| 6 |
$7,395,850 |
$2,696,795
$652,314 |
$4,046,741 |
| 7 |
$7,765,450 |
$2,833,547
$684,913 |
$4,246,990 |
| 8 |
$8,153,915 |
$2,977,279
$719,175 |
$4,457,461 |
| 9 |
$8,561,630 |
$3,128,133
$755,136 |
$4,678,361 |
| 10 |
$8,989,750 |
$3,286,538
$792,896 |
$4,910,316 |
| 11 |
$9,439,045 |
$3,452,777
$832,524 |
$5,153,744 |
| 12 |
$9,911,055 |
$3,627,421
$874,155 |
$5,409,479 |
| 13 |
$10,406,550 |
$3,810,754
$917,858 |
$5,677,938 |
| 14 |
$10,927,070 |
$4,003,346
$963,768 |
$5,959,956 |
| 15 |
$11,473,385 |
$4,205,483
$1,011,953 |
$6,255,949 |
| 16 |
$12,047,035 |
$4,417,733
$1,062,548 |
$6,566,754 |
| 17 |
$12,649,175 |
$4,640,525
$1,115,657 |
$6,892,993 |
| 18 |
$13,281,730 |
$4,874,570
$1,171,449 |
$7,235,711 |
| 19 |
$13,945,855 |
$5,120,297
$1,230,024 |
$7,595,534 |
| 20 |
$14,643,090 |
$5,378,274
$1,291,521 |
$7,973,295 |
| 21 |
$15,375,360 |
$5,649,214
$1,356,107 |
$8,370,039 |
| 22 |
$16,144,205 |
$5,933,686
$1,423,919 |
$8,786,600 |
| 23 |
$16,951,165 |
$6,232,261
$1,495,093 |
$9,223,811 |
| 24 |
$17,798,935 |
$6,545,936
$1,569,866 |
$9,683,133 |
| 25 |
$18,688,670 |
$6,875,138
$1,648,341 |
$10,165,191 |
| 26 |
$19,623,450 |
$7,221,007
$1,730,788 |
$10,671,655 |
| 27 |
$20,604,430 |
$7,583,969
$1,817,311 |
$11,203,150 |
| 28 |
$21,634,690 |
$7,965,166
$1,908,180 |
$11,761,344 |
| 29 |
$22,716,540 |
$8,365,450
$2,003,599 |
$12,347,491 |
| 30 |
$23,852,290 |
$8,785,678
$2,103,772 |
$12,962,840 |
|
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