The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Fri Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(8%) | $13,088,000 | | Net Lumpsum Payment | $90,019,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$443,101 |
$3,085,992 |
| 2 |
$5,815,872 |
$2,112,203
$465,270 |
$3,238,399 |
| 3 |
$6,106,592 |
$2,219,769
$488,527 |
$3,398,296 |
| 4 |
$6,412,032 |
$2,332,782
$512,963 |
$3,566,287 |
| 5 |
$6,732,560 |
$2,451,378
$538,605 |
$3,742,577 |
| 6 |
$7,069,280 |
$2,575,964
$565,542 |
$3,927,774 |
| 7 |
$7,422,560 |
$2,706,678
$593,805 |
$4,122,077 |
| 8 |
$7,793,872 |
$2,844,063
$623,510 |
$4,326,299 |
| 9 |
$8,183,584 |
$2,988,256
$654,687 |
$4,540,641 |
| 10 |
$8,592,800 |
$3,139,666
$687,424 |
$4,765,710 |
| 11 |
$9,022,256 |
$3,298,565
$721,780 |
$5,001,911 |
| 12 |
$9,473,424 |
$3,465,497
$757,874 |
$5,250,053 |
| 13 |
$9,947,040 |
$3,640,735
$795,763 |
$5,510,542 |
| 14 |
$10,444,576 |
$3,824,824
$835,566 |
$5,784,186 |
| 15 |
$10,966,768 |
$4,018,035
$877,341 |
$6,071,392 |
| 16 |
$11,515,088 |
$4,220,913
$921,207 |
$6,372,968 |
| 17 |
$12,090,640 |
$4,433,867
$967,251 |
$6,689,522 |
| 18 |
$12,695,264 |
$4,657,578
$1,015,621 |
$7,022,065 |
| 19 |
$13,330,064 |
$4,892,454
$1,066,405 |
$7,371,205 |
| 20 |
$13,996,512 |
$5,139,040
$1,119,721 |
$7,737,751 |
| 21 |
$14,696,448 |
$5,398,016
$1,175,716 |
$8,122,716 |
| 22 |
$15,431,344 |
$5,669,928
$1,234,508 |
$8,526,908 |
| 23 |
$16,202,672 |
$5,955,319
$1,296,214 |
$8,951,139 |
| 24 |
$17,013,008 |
$6,255,143
$1,361,041 |
$9,396,824 |
| 25 |
$17,863,456 |
$6,569,809
$1,429,076 |
$9,864,571 |
| 26 |
$18,756,960 |
$6,900,406
$1,500,557 |
$10,355,997 |
| 27 |
$19,694,624 |
$7,247,341
$1,575,570 |
$10,871,713 |
| 28 |
$20,679,392 |
$7,611,705
$1,654,351 |
$11,413,336 |
| 29 |
$21,713,472 |
$7,994,315
$1,737,078 |
$11,982,079 |
| 30 |
$22,799,072 |
$8,395,987
$1,823,926 |
$12,579,159 |
|
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