The jackpot for the MEGA Millions draw on Fri Jul 10, 2026, is projected to be $604 Million, with an option for a cash payout of $266.3 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 Jul 10, 2026 |
|---|
| Draw Date | Fri Jul 10, 2026 | | Projected Jackpot | $604,000,000 | | Cash Value | $266,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $266,300,000 | | Federal Tax(24%) | $63,912,000 | | Additional Federal Tax | $34,579,330 | | State Tax(8.82%) | $23,487,660 | | Net Lumpsum Payment | $144,321,010 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,090,804 |
$3,323,928
$801,809 |
$4,965,067 |
| 2 |
$9,545,616 |
$3,492,208
$841,923 |
$5,211,485 |
| 3 |
$10,022,776 |
$3,668,758
$884,009 |
$5,470,009 |
| 4 |
$10,524,096 |
$3,854,246
$928,225 |
$5,741,625 |
| 5 |
$11,050,180 |
$4,048,897
$974,626 |
$6,026,657 |
| 6 |
$11,602,840 |
$4,253,381
$1,023,370 |
$6,326,089 |
| 7 |
$12,182,680 |
$4,467,922
$1,074,512 |
$6,640,246 |
| 8 |
$12,792,116 |
$4,693,413
$1,128,265 |
$6,970,438 |
| 9 |
$13,431,752 |
$4,930,079
$1,184,681 |
$7,316,992 |
| 10 |
$14,103,400 |
$5,178,588
$1,243,920 |
$7,680,892 |
| 11 |
$14,808,268 |
$5,439,390
$1,306,089 |
$8,062,789 |
| 12 |
$15,548,772 |
$5,713,376
$1,371,402 |
$8,463,994 |
| 13 |
$16,326,120 |
$6,000,995
$1,439,964 |
$8,885,161 |
| 14 |
$17,142,728 |
$6,303,140
$1,511,989 |
$9,327,599 |
| 15 |
$17,999,804 |
$6,620,258
$1,587,583 |
$9,791,963 |
| 16 |
$18,899,764 |
$6,953,243
$1,666,959 |
$10,279,562 |
| 17 |
$19,844,420 |
$7,302,766
$1,750,278 |
$10,791,376 |
| 18 |
$20,836,792 |
$7,669,943
$1,837,805 |
$11,329,044 |
| 19 |
$21,878,692 |
$8,055,446
$1,929,701 |
$11,893,545 |
| 20 |
$22,972,536 |
$8,460,169
$2,026,178 |
$12,486,189 |
| 21 |
$24,121,344 |
$8,885,228
$2,127,503 |
$13,108,613 |
| 22 |
$25,327,532 |
$9,331,517
$2,233,888 |
$13,762,127 |
| 23 |
$26,593,516 |
$9,799,931
$2,345,548 |
$14,448,037 |
| 24 |
$27,923,524 |
$10,292,034
$2,462,855 |
$15,168,635 |
| 25 |
$29,319,368 |
$10,808,497
$2,585,968 |
$15,924,903 |
| 26 |
$30,785,880 |
$11,351,106
$2,715,315 |
$16,719,459 |
| 27 |
$32,324,872 |
$11,920,533
$2,851,054 |
$17,553,285 |
| 28 |
$33,941,176 |
$12,518,566
$2,993,612 |
$18,428,998 |
| 29 |
$35,638,416 |
$13,146,544
$3,143,308 |
$19,348,564 |
| 30 |
$37,420,216 |
$13,805,810
$3,300,463 |
$20,313,943 |
|
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