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 Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey 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%) | $8,840,000 | | Net Lumpsum Payment | $60,814,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$314,265 |
$2,200,241 |
| 2 |
$4,124,844 |
$1,486,523
$329,988 |
$2,308,333 |
| 3 |
$4,331,034 |
$1,562,813
$346,483 |
$2,421,738 |
| 4 |
$4,547,664 |
$1,642,966
$363,813 |
$2,540,885 |
| 5 |
$4,774,995 |
$1,727,079
$382,000 |
$2,665,916 |
| 6 |
$5,013,810 |
$1,815,440
$401,105 |
$2,797,265 |
| 7 |
$5,264,370 |
$1,908,147
$421,150 |
$2,935,073 |
| 8 |
$5,527,719 |
$2,005,586
$442,218 |
$3,079,915 |
| 9 |
$5,804,118 |
$2,107,854
$464,329 |
$3,231,935 |
| 10 |
$6,094,350 |
$2,215,240
$487,548 |
$3,391,562 |
| 11 |
$6,398,937 |
$2,327,937
$511,915 |
$3,559,085 |
| 12 |
$6,718,923 |
$2,446,332
$537,514 |
$3,735,077 |
| 13 |
$7,054,830 |
$2,570,617
$564,386 |
$3,919,827 |
| 14 |
$7,407,702 |
$2,701,180
$592,616 |
$4,113,906 |
| 15 |
$7,778,061 |
$2,838,213
$622,245 |
$4,317,603 |
| 16 |
$8,166,951 |
$2,982,102
$653,356 |
$4,531,493 |
| 17 |
$8,575,155 |
$3,133,138
$686,012 |
$4,756,005 |
| 18 |
$9,003,978 |
$3,291,802
$720,318 |
$4,991,858 |
| 19 |
$9,454,203 |
$3,458,385
$756,336 |
$5,239,482 |
| 20 |
$9,926,874 |
$3,633,274
$794,150 |
$5,499,450 |
| 21 |
$10,423,296 |
$3,816,950
$833,864 |
$5,772,482 |
| 22 |
$10,944,513 |
$4,009,800
$875,561 |
$6,059,152 |
| 23 |
$11,491,569 |
$4,212,211
$919,326 |
$6,360,032 |
| 24 |
$12,066,291 |
$4,424,858
$965,303 |
$6,676,130 |
| 25 |
$12,669,462 |
$4,648,031
$1,013,557 |
$7,007,874 |
| 26 |
$13,303,170 |
$4,882,503
$1,064,254 |
$7,356,413 |
| 27 |
$13,968,198 |
$5,128,564
$1,117,456 |
$7,722,178 |
| 28 |
$14,666,634 |
$5,386,985
$1,173,331 |
$8,106,318 |
| 29 |
$15,400,044 |
$5,658,347
$1,232,004 |
$8,509,693 |
| 30 |
$16,169,994 |
$5,943,228
$1,293,600 |
$8,933,166 |
|
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