The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Tue Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(8.82%) | $20,374,200 | | Net Lumpsum Payment | $125,195,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$678,352 |
$4,206,686 |
| 2 |
$8,075,844 |
$2,948,393
$712,289 |
$4,415,162 |
| 3 |
$8,479,534 |
$3,097,758
$747,895 |
$4,633,881 |
| 4 |
$8,903,664 |
$3,254,686
$785,303 |
$4,863,675 |
| 5 |
$9,348,745 |
$3,419,366
$824,559 |
$5,104,820 |
| 6 |
$9,816,310 |
$3,592,365
$865,799 |
$5,358,146 |
| 7 |
$10,306,870 |
$3,773,872
$909,066 |
$5,623,932 |
| 8 |
$10,822,469 |
$3,964,644
$954,542 |
$5,903,283 |
| 9 |
$11,363,618 |
$4,164,869
$1,002,271 |
$6,196,478 |
| 10 |
$11,931,850 |
$4,375,115
$1,052,389 |
$6,504,346 |
| 11 |
$12,528,187 |
$4,595,760
$1,104,986 |
$6,827,441 |
| 12 |
$13,154,673 |
$4,827,559
$1,160,242 |
$7,166,872 |
| 13 |
$13,812,330 |
$5,070,892
$1,218,248 |
$7,523,190 |
| 14 |
$14,503,202 |
$5,326,515
$1,279,182 |
$7,897,505 |
| 15 |
$15,228,311 |
$5,594,805
$1,343,137 |
$8,290,369 |
| 16 |
$15,989,701 |
$5,876,520
$1,410,292 |
$8,702,889 |
| 17 |
$16,788,905 |
$6,172,225
$1,480,781 |
$9,135,899 |
| 18 |
$17,628,478 |
$6,482,867
$1,554,832 |
$9,590,779 |
| 19 |
$18,509,953 |
$6,809,013
$1,632,578 |
$10,068,362 |
| 20 |
$19,435,374 |
$7,151,419
$1,714,200 |
$10,569,755 |
| 21 |
$20,407,296 |
$7,511,030
$1,799,924 |
$11,096,342 |
| 22 |
$21,427,763 |
$7,888,603
$1,889,929 |
$11,649,231 |
| 23 |
$22,498,819 |
$8,284,893
$1,984,396 |
$12,229,530 |
| 24 |
$23,624,041 |
$8,701,226
$2,083,640 |
$12,839,175 |
| 25 |
$24,804,962 |
$9,138,166
$2,187,798 |
$13,478,998 |
| 26 |
$26,045,670 |
$9,597,228
$2,297,228 |
$14,151,214 |
| 27 |
$27,347,698 |
$10,078,979
$2,412,067 |
$14,856,652 |
| 28 |
$28,715,134 |
$10,584,930
$2,532,675 |
$15,597,529 |
| 29 |
$30,151,044 |
$11,116,217
$2,659,322 |
$16,375,505 |
| 30 |
$31,658,494 |
$11,673,973
$2,792,279 |
$17,192,242 |
|
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