The jackpot for the MEGA Millions draw on Fri Feb 27, 2026, is projected to be $458 Million, with an option for a cash payout of $212.4 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 27, 2026 |
|---|
| Draw Date | Fri Feb 27, 2026 | | Projected Jackpot | $458,000,000 | | Cash Value | $212,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,400,000 | | Federal Tax(24%) | $50,976,000 | | Additional Federal Tax | $27,572,330 | | State Tax(8.82%) | $18,733,680 | | Net Lumpsum Payment | $115,117,990 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,893,358 |
$2,510,873
$607,994 |
$3,774,491 |
| 2 |
$7,238,232 |
$2,638,476
$638,412 |
$3,961,344 |
| 3 |
$7,600,052 |
$2,772,350
$670,325 |
$4,157,377 |
| 4 |
$7,980,192 |
$2,913,001
$703,853 |
$4,363,338 |
| 5 |
$8,379,110 |
$3,060,601
$739,038 |
$4,579,471 |
| 6 |
$8,798,180 |
$3,215,657
$775,999 |
$4,806,524 |
| 7 |
$9,237,860 |
$3,378,339
$814,779 |
$5,044,742 |
| 8 |
$9,699,982 |
$3,549,324
$855,538 |
$5,295,120 |
| 9 |
$10,185,004 |
$3,728,782
$898,317 |
$5,557,905 |
| 10 |
$10,694,300 |
$3,917,221
$943,237 |
$5,833,842 |
| 11 |
$11,228,786 |
$4,114,981
$990,379 |
$6,123,426 |
| 12 |
$11,790,294 |
$4,322,739
$1,039,904 |
$6,427,651 |
| 13 |
$12,379,740 |
$4,540,834
$1,091,893 |
$6,747,013 |
| 14 |
$12,998,956 |
$4,769,944
$1,146,508 |
$7,082,504 |
| 15 |
$13,648,858 |
$5,010,408
$1,203,829 |
$7,434,621 |
| 16 |
$14,331,278 |
$5,262,903
$1,264,019 |
$7,804,356 |
| 17 |
$15,047,590 |
$5,527,939
$1,327,197 |
$8,192,454 |
| 18 |
$15,800,084 |
$5,806,361
$1,393,567 |
$8,600,156 |
| 19 |
$16,590,134 |
$6,098,680
$1,463,250 |
$9,028,204 |
| 20 |
$17,419,572 |
$6,405,572
$1,536,406 |
$9,477,594 |
| 21 |
$18,290,688 |
$6,727,885
$1,613,239 |
$9,949,564 |
| 22 |
$19,205,314 |
$7,066,297
$1,693,909 |
$10,445,108 |
| 23 |
$20,165,282 |
$7,421,485
$1,778,578 |
$10,965,219 |
| 24 |
$21,173,798 |
$7,794,636
$1,867,529 |
$11,511,633 |
| 25 |
$22,232,236 |
$8,186,258
$1,960,883 |
$12,085,095 |
| 26 |
$23,344,260 |
$8,597,707
$2,058,964 |
$12,687,589 |
| 27 |
$24,511,244 |
$9,029,491
$2,161,892 |
$13,319,861 |
| 28 |
$25,736,852 |
$9,482,966
$2,269,990 |
$13,983,896 |
| 29 |
$27,023,832 |
$9,959,148
$2,383,502 |
$14,681,182 |
| 30 |
$28,374,932 |
$10,459,055
$2,502,669 |
$15,413,208 |
|
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