The jackpot for the MEGA Millions draw on Fri Sep 18, 2026, is projected to be $244 Million, with an option for a cash payout of $103.5 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 Sep 18, 2026 |
|---|
| Draw Date | Fri Sep 18, 2026 | | Projected Jackpot | $244,000,000 | | Cash Value | $103,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,500,000 | | Federal Tax(24%) | $24,840,000 | | Additional Federal Tax | $13,415,330 | | State Tax(8.82%) | $9,128,700 | | Net Lumpsum Payment | $56,115,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$323,910 |
$2,029,399 |
| 2 |
$3,856,176 |
$1,387,116
$340,115 |
$2,128,945 |
| 3 |
$4,048,936 |
$1,458,437
$357,116 |
$2,233,383 |
| 4 |
$4,251,456 |
$1,533,369
$374,978 |
$2,343,109 |
| 5 |
$4,463,980 |
$1,612,003
$393,723 |
$2,458,254 |
| 6 |
$4,687,240 |
$1,694,609
$413,415 |
$2,579,216 |
| 7 |
$4,921,480 |
$1,781,278
$434,075 |
$2,706,127 |
| 8 |
$5,167,676 |
$1,872,371
$455,789 |
$2,839,516 |
| 9 |
$5,426,072 |
$1,967,977
$478,580 |
$2,979,515 |
| 10 |
$5,697,400 |
$2,068,368
$502,511 |
$3,126,521 |
| 11 |
$5,982,148 |
$2,173,725
$527,625 |
$3,280,798 |
| 12 |
$6,281,292 |
$2,284,408
$554,010 |
$3,442,874 |
| 13 |
$6,595,320 |
$2,400,599
$581,707 |
$3,613,014 |
| 14 |
$6,925,208 |
$2,522,657
$610,803 |
$3,791,748 |
| 15 |
$7,271,444 |
$2,650,765
$641,341 |
$3,979,338 |
| 16 |
$7,635,004 |
$2,785,282
$673,407 |
$4,176,315 |
| 17 |
$8,016,620 |
$2,926,480
$707,066 |
$4,383,074 |
| 18 |
$8,417,512 |
$3,074,810
$742,425 |
$4,600,277 |
| 19 |
$8,838,412 |
$3,230,543
$779,548 |
$4,828,321 |
| 20 |
$9,280,296 |
$3,394,040
$818,522 |
$5,067,734 |
| 21 |
$9,744,384 |
$3,565,752
$859,455 |
$5,319,177 |
| 22 |
$10,231,652 |
$3,746,042
$902,432 |
$5,583,178 |
| 23 |
$10,743,076 |
$3,935,269
$947,539 |
$5,860,268 |
| 24 |
$11,280,364 |
$4,134,065
$994,928 |
$6,151,371 |
| 25 |
$11,844,248 |
$4,342,702
$1,044,663 |
$6,456,883 |
| 26 |
$12,436,680 |
$4,561,902
$1,096,915 |
$6,777,863 |
| 27 |
$13,058,392 |
$4,791,935
$1,151,750 |
$7,114,707 |
| 28 |
$13,711,336 |
$5,033,525
$1,209,340 |
$7,468,471 |
| 29 |
$14,396,976 |
$5,287,212
$1,269,813 |
$7,839,951 |
| 30 |
$15,116,776 |
$5,553,538
$1,333,300 |
$8,229,938 |
|
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