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 York residents, the state will deduct 8.82% from your lottery earnings.
| New York 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(8.82%) | $14,429,520 | | Net Lumpsum Payment | $88,678,150 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$488,519 |
$3,040,574 |
| 2 |
$5,815,872 |
$2,112,203
$512,960 |
$3,190,709 |
| 3 |
$6,106,592 |
$2,219,769
$538,601 |
$3,348,222 |
| 4 |
$6,412,032 |
$2,332,782
$565,541 |
$3,513,709 |
| 5 |
$6,732,560 |
$2,451,378
$593,812 |
$3,687,370 |
| 6 |
$7,069,280 |
$2,575,964
$623,510 |
$3,869,806 |
| 7 |
$7,422,560 |
$2,706,678
$654,670 |
$4,061,212 |
| 8 |
$7,793,872 |
$2,844,063
$687,420 |
$4,262,389 |
| 9 |
$8,183,584 |
$2,988,256
$721,792 |
$4,473,536 |
| 10 |
$8,592,800 |
$3,139,666
$757,885 |
$4,695,249 |
| 11 |
$9,022,256 |
$3,298,565
$795,763 |
$4,927,928 |
| 12 |
$9,473,424 |
$3,465,497
$835,556 |
$5,172,371 |
| 13 |
$9,947,040 |
$3,640,735
$877,329 |
$5,428,976 |
| 14 |
$10,444,576 |
$3,824,824
$921,212 |
$5,698,540 |
| 15 |
$10,966,768 |
$4,018,035
$967,269 |
$5,981,464 |
| 16 |
$11,515,088 |
$4,220,913
$1,015,631 |
$6,278,544 |
| 17 |
$12,090,640 |
$4,433,867
$1,066,394 |
$6,590,379 |
| 18 |
$12,695,264 |
$4,657,578
$1,119,722 |
$6,917,964 |
| 19 |
$13,330,064 |
$4,892,454
$1,175,712 |
$7,261,898 |
| 20 |
$13,996,512 |
$5,139,040
$1,234,492 |
$7,622,980 |
| 21 |
$14,696,448 |
$5,398,016
$1,296,227 |
$8,002,205 |
| 22 |
$15,431,344 |
$5,669,928
$1,361,045 |
$8,400,371 |
| 23 |
$16,202,672 |
$5,955,319
$1,429,076 |
$8,818,277 |
| 24 |
$17,013,008 |
$6,255,143
$1,500,547 |
$9,257,318 |
| 25 |
$17,863,456 |
$6,569,809
$1,575,557 |
$9,718,090 |
| 26 |
$18,756,960 |
$6,900,406
$1,654,364 |
$10,202,190 |
| 27 |
$19,694,624 |
$7,247,341
$1,737,066 |
$10,710,217 |
| 28 |
$20,679,392 |
$7,611,705
$1,823,922 |
$11,243,765 |
| 29 |
$21,713,472 |
$7,994,315
$1,915,128 |
$11,804,029 |
| 30 |
$22,799,072 |
$8,395,987
$2,010,878 |
$12,392,207 |
|
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