The jackpot for the MEGA Millions draw on Tue Mar 3, 2026, is projected to be $473 Million, with an option for a cash payout of $221.8 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 Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey MEGA Millions Jackpot/Cash Option for Tue Mar 3, 2026 |
|---|
| Draw Date | Tue Mar 3, 2026 | | Projected Jackpot | $473,000,000 | | Cash Value | $221,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,800,000 | | Federal Tax(24%) | $53,232,000 | | Additional Federal Tax | $28,794,330 | | State Tax(8%) | $17,744,000 | | Net Lumpsum Payment | $122,029,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,119,123 |
$2,594,406
$569,530 |
$3,955,187 |
| 2 |
$7,475,292 |
$2,726,188
$598,023 |
$4,151,081 |
| 3 |
$7,848,962 |
$2,864,446
$627,917 |
$4,356,599 |
| 4 |
$8,241,552 |
$3,009,705
$659,324 |
$4,572,523 |
| 5 |
$8,653,535 |
$3,162,138
$692,283 |
$4,799,114 |
| 6 |
$9,086,330 |
$3,322,272
$726,906 |
$5,037,152 |
| 7 |
$9,540,410 |
$3,490,282
$763,233 |
$5,286,895 |
| 8 |
$10,017,667 |
$3,666,867
$801,413 |
$5,549,387 |
| 9 |
$10,518,574 |
$3,852,203
$841,486 |
$5,824,885 |
| 10 |
$11,044,550 |
$4,046,814
$883,564 |
$6,114,172 |
| 11 |
$11,596,541 |
$4,251,051
$927,723 |
$6,417,767 |
| 12 |
$12,176,439 |
$4,465,613
$974,115 |
$6,736,711 |
| 13 |
$12,785,190 |
$4,690,851
$1,022,815 |
$7,071,524 |
| 14 |
$13,424,686 |
$4,927,464
$1,073,975 |
$7,423,247 |
| 15 |
$14,095,873 |
$5,175,803
$1,127,670 |
$7,792,400 |
| 16 |
$14,800,643 |
$5,436,568
$1,184,051 |
$8,180,024 |
| 17 |
$15,540,415 |
$5,710,284
$1,243,233 |
$8,586,898 |
| 18 |
$16,317,554 |
$5,997,825
$1,305,404 |
$9,014,325 |
| 19 |
$17,133,479 |
$6,299,718
$1,370,678 |
$9,463,083 |
| 20 |
$17,990,082 |
$6,616,661
$1,439,207 |
$9,934,214 |
| 21 |
$18,889,728 |
$6,949,530
$1,511,178 |
$10,429,020 |
| 22 |
$19,834,309 |
$7,299,025
$1,586,745 |
$10,948,539 |
| 23 |
$20,825,717 |
$7,665,846
$1,666,057 |
$11,493,814 |
| 24 |
$21,867,263 |
$8,051,218
$1,749,381 |
$12,066,664 |
| 25 |
$22,960,366 |
$8,455,666
$1,836,829 |
$12,667,871 |
| 26 |
$24,108,810 |
$8,880,590
$1,928,705 |
$13,299,515 |
| 27 |
$25,314,014 |
$9,326,516
$2,025,121 |
$13,962,377 |
| 28 |
$26,579,762 |
$9,794,842
$2,126,381 |
$14,658,539 |
| 29 |
$27,908,892 |
$10,286,620
$2,232,711 |
$15,389,561 |
| 30 |
$29,304,242 |
$10,802,900
$2,344,339 |
$16,157,003 |
|
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