The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(8.82%) | $19,483,380 | | Net Lumpsum Payment | $119,723,290 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$649,147 |
$4,027,284 |
| 2 |
$7,728,156 |
$2,819,748
$681,623 |
$4,226,785 |
| 3 |
$8,114,466 |
$2,962,683
$715,696 |
$4,436,087 |
| 4 |
$8,520,336 |
$3,112,855
$751,494 |
$4,655,987 |
| 5 |
$8,946,255 |
$3,270,445
$789,060 |
$4,886,750 |
| 6 |
$9,393,690 |
$3,435,996
$828,523 |
$5,129,171 |
| 7 |
$9,863,130 |
$3,609,688
$869,928 |
$5,383,514 |
| 8 |
$10,356,531 |
$3,792,247
$913,446 |
$5,650,838 |
| 9 |
$10,874,382 |
$3,983,852
$959,120 |
$5,931,410 |
| 10 |
$11,418,150 |
$4,185,046
$1,007,081 |
$6,226,023 |
| 11 |
$11,988,813 |
$4,396,191
$1,057,413 |
$6,535,209 |
| 12 |
$12,588,327 |
$4,618,011
$1,110,290 |
$6,860,026 |
| 13 |
$13,217,670 |
$4,850,868
$1,165,798 |
$7,201,004 |
| 14 |
$13,878,798 |
$5,095,486
$1,224,110 |
$7,559,202 |
| 15 |
$14,572,689 |
$5,352,225
$1,285,311 |
$7,935,153 |
| 16 |
$15,301,299 |
$5,621,811
$1,349,575 |
$8,329,913 |
| 17 |
$16,066,095 |
$5,904,786
$1,417,030 |
$8,744,279 |
| 18 |
$16,869,522 |
$6,202,054
$1,487,892 |
$9,179,576 |
| 19 |
$17,713,047 |
$6,514,158
$1,562,291 |
$9,636,598 |
| 20 |
$18,598,626 |
$6,841,822
$1,640,399 |
$10,116,405 |
| 21 |
$19,528,704 |
$7,185,951
$1,722,432 |
$10,620,321 |
| 22 |
$20,505,237 |
$7,547,268
$1,808,562 |
$11,149,407 |
| 23 |
$21,530,181 |
$7,926,497
$1,898,962 |
$11,704,722 |
| 24 |
$22,606,959 |
$8,324,905
$1,993,934 |
$12,288,120 |
| 25 |
$23,737,038 |
$8,743,034
$2,093,607 |
$12,900,397 |
| 26 |
$24,924,330 |
$9,182,332
$2,198,326 |
$13,543,672 |
| 27 |
$26,170,302 |
$9,643,342
$2,308,221 |
$14,218,739 |
| 28 |
$27,478,866 |
$10,127,511
$2,423,636 |
$14,927,719 |
| 29 |
$28,852,956 |
$10,635,924
$2,544,831 |
$15,672,201 |
| 30 |
$30,295,506 |
$11,169,668
$2,672,064 |
$16,453,774 |
|
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