The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(8.82%) | $25,869,060 | | Net Lumpsum Payment | $158,949,610 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$892,079 |
$5,519,582 |
| 2 |
$10,620,288 |
$3,889,837
$936,709 |
$5,793,742 |
| 3 |
$11,151,168 |
$4,086,263
$983,533 |
$6,081,372 |
| 4 |
$11,708,928 |
$4,292,634
$1,032,727 |
$6,383,567 |
| 5 |
$12,294,240 |
$4,509,199
$1,084,352 |
$6,700,689 |
| 6 |
$12,909,120 |
$4,736,705
$1,138,584 |
$7,033,831 |
| 7 |
$13,554,240 |
$4,975,399
$1,195,484 |
$7,383,357 |
| 8 |
$14,232,288 |
$5,226,277
$1,255,288 |
$7,750,723 |
| 9 |
$14,943,936 |
$5,489,587
$1,318,055 |
$8,136,294 |
| 10 |
$15,691,200 |
$5,766,074
$1,383,964 |
$8,541,162 |
| 11 |
$16,475,424 |
$6,056,237
$1,453,132 |
$8,966,055 |
| 12 |
$17,299,296 |
$6,361,070
$1,525,798 |
$9,412,428 |
| 13 |
$18,164,160 |
$6,681,070
$1,602,079 |
$9,881,011 |
| 14 |
$19,072,704 |
$7,017,231
$1,682,212 |
$10,373,261 |
| 15 |
$20,026,272 |
$7,370,051
$1,766,317 |
$10,889,904 |
| 16 |
$21,027,552 |
$7,740,525
$1,854,630 |
$11,432,397 |
| 17 |
$22,078,560 |
$8,129,398
$1,947,329 |
$12,001,833 |
| 18 |
$23,182,656 |
$8,537,913
$2,044,710 |
$12,600,033 |
| 19 |
$24,341,856 |
$8,966,817
$2,146,952 |
$13,228,087 |
| 20 |
$25,558,848 |
$9,417,104
$2,254,290 |
$13,887,454 |
| 21 |
$26,836,992 |
$9,890,017
$2,367,023 |
$14,579,952 |
| 22 |
$28,178,976 |
$10,386,552
$2,485,386 |
$15,307,038 |
| 23 |
$29,587,488 |
$10,907,701
$2,609,616 |
$16,070,171 |
| 24 |
$31,067,232 |
$11,455,206
$2,740,130 |
$16,871,896 |
| 25 |
$32,620,224 |
$12,029,813
$2,877,104 |
$17,713,307 |
| 26 |
$34,251,840 |
$12,633,511
$3,021,012 |
$18,597,317 |
| 27 |
$35,964,096 |
$13,267,046
$3,172,033 |
$19,525,017 |
| 28 |
$37,762,368 |
$13,932,407
$3,330,641 |
$20,499,320 |
| 29 |
$39,650,688 |
$14,631,085
$3,497,191 |
$21,522,412 |
| 30 |
$41,633,088 |
$15,364,573
$3,672,038 |
$22,596,477 |
|
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