The jackpot for the MEGA Millions draw on Tue Sep 15, 2026, is projected to be $227 Million, with an option for a cash payout of $96.3 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 Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey MEGA Millions Jackpot/Cash Option for Tue Sep 15, 2026 |
|---|
| Draw Date | Tue Sep 15, 2026 | | Projected Jackpot | $227,000,000 | | Cash Value | $96,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $96,300,000 | | Federal Tax(24%) | $23,112,000 | | Additional Federal Tax | $12,479,330 | | State Tax(8%) | $7,704,000 | | Net Lumpsum Payment | $53,004,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,416,577 |
$1,224,464
$273,326 |
$1,918,787 |
| 2 |
$3,587,508 |
$1,287,708
$287,001 |
$2,012,799 |
| 3 |
$3,766,838 |
$1,354,060
$301,347 |
$2,111,431 |
| 4 |
$3,955,248 |
$1,423,772
$316,420 |
$2,215,056 |
| 5 |
$4,152,965 |
$1,496,927
$332,237 |
$2,323,801 |
| 6 |
$4,360,670 |
$1,573,778
$348,854 |
$2,438,038 |
| 7 |
$4,578,590 |
$1,654,409
$366,287 |
$2,557,894 |
| 8 |
$4,807,633 |
$1,739,155
$384,611 |
$2,683,867 |
| 9 |
$5,048,026 |
$1,828,100
$403,842 |
$2,816,084 |
| 10 |
$5,300,450 |
$1,921,497
$424,036 |
$2,954,917 |
| 11 |
$5,565,359 |
$2,019,513
$445,229 |
$3,100,617 |
| 12 |
$5,843,661 |
$2,122,485
$467,493 |
$3,253,683 |
| 13 |
$6,135,810 |
$2,230,580
$490,865 |
$3,414,365 |
| 14 |
$6,442,714 |
$2,344,135
$515,417 |
$3,583,162 |
| 15 |
$6,764,827 |
$2,463,316
$541,186 |
$3,760,325 |
| 16 |
$7,103,057 |
$2,588,461
$568,245 |
$3,946,351 |
| 17 |
$7,458,085 |
$2,719,822
$596,647 |
$4,141,616 |
| 18 |
$7,831,046 |
$2,857,817
$626,484 |
$4,346,745 |
| 19 |
$8,222,621 |
$3,002,700
$657,810 |
$4,562,111 |
| 20 |
$8,633,718 |
$3,154,806
$690,697 |
$4,788,215 |
| 21 |
$9,065,472 |
$3,314,555
$725,238 |
$5,025,679 |
| 22 |
$9,518,791 |
$3,482,283
$761,503 |
$5,275,005 |
| 23 |
$9,994,583 |
$3,658,326
$799,567 |
$5,536,690 |
| 24 |
$10,494,437 |
$3,843,272
$839,555 |
$5,811,610 |
| 25 |
$11,019,034 |
$4,037,373
$881,523 |
$6,100,138 |
| 26 |
$11,570,190 |
$4,241,301
$925,615 |
$6,403,274 |
| 27 |
$12,148,586 |
$4,455,307
$971,887 |
$6,721,392 |
| 28 |
$12,756,038 |
$4,680,064
$1,020,483 |
$7,055,491 |
| 29 |
$13,393,908 |
$4,916,076
$1,071,513 |
$7,406,319 |
| 30 |
$14,063,558 |
$5,163,847
$1,125,085 |
$7,774,626 |
|
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