The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(8.82%) | $13,768,020 | | Net Lumpsum Payment | $84,614,650 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$459,314 |
$2,861,173 |
| 2 |
$5,468,184 |
$1,983,558
$482,294 |
$3,002,332 |
| 3 |
$5,741,524 |
$2,084,694
$506,402 |
$3,150,428 |
| 4 |
$6,028,704 |
$2,190,951
$531,732 |
$3,306,021 |
| 5 |
$6,330,070 |
$2,302,456
$558,312 |
$3,469,302 |
| 6 |
$6,646,660 |
$2,419,595
$586,235 |
$3,640,830 |
| 7 |
$6,978,820 |
$2,542,494
$615,532 |
$3,820,794 |
| 8 |
$7,327,934 |
$2,671,666
$646,324 |
$4,009,944 |
| 9 |
$7,694,348 |
$2,807,239
$678,641 |
$4,208,468 |
| 10 |
$8,079,100 |
$2,949,597
$712,577 |
$4,416,926 |
| 11 |
$8,482,882 |
$3,098,997
$748,190 |
$4,635,695 |
| 12 |
$8,907,078 |
$3,255,949
$785,604 |
$4,865,525 |
| 13 |
$9,352,380 |
$3,420,711
$824,880 |
$5,106,789 |
| 14 |
$9,820,172 |
$3,593,794
$866,139 |
$5,360,239 |
| 15 |
$10,311,146 |
$3,775,454
$909,443 |
$5,626,249 |
| 16 |
$10,826,686 |
$3,966,204
$954,914 |
$5,905,568 |
| 17 |
$11,367,830 |
$4,166,427
$1,002,643 |
$6,198,760 |
| 18 |
$11,936,308 |
$4,376,764
$1,052,782 |
$6,506,762 |
| 19 |
$12,533,158 |
$4,597,599
$1,105,425 |
$6,830,134 |
| 20 |
$13,159,764 |
$4,829,443
$1,160,691 |
$7,169,630 |
| 21 |
$13,817,856 |
$5,072,937
$1,218,735 |
$7,526,184 |
| 22 |
$14,508,818 |
$5,328,593
$1,279,678 |
$7,900,547 |
| 23 |
$15,234,034 |
$5,596,923
$1,343,642 |
$8,293,469 |
| 24 |
$15,995,926 |
$5,878,823
$1,410,841 |
$8,706,262 |
| 25 |
$16,795,532 |
$6,174,677
$1,481,366 |
$9,139,489 |
| 26 |
$17,635,620 |
$6,485,510
$1,555,462 |
$9,594,648 |
| 27 |
$18,517,228 |
$6,811,705
$1,633,220 |
$10,072,303 |
| 28 |
$19,443,124 |
$7,154,286
$1,714,884 |
$10,573,954 |
| 29 |
$20,415,384 |
$7,514,022
$1,800,637 |
$11,100,725 |
| 30 |
$21,436,084 |
$7,891,681
$1,890,663 |
$11,653,740 |
|
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