The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(8.82%) | $20,515,320 | | Net Lumpsum Payment | $126,062,350 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$658,439 |
$4,084,367 |
| 2 |
$7,838,784 |
$2,860,680
$691,381 |
$4,286,723 |
| 3 |
$8,230,624 |
$3,005,661
$725,941 |
$4,499,022 |
| 4 |
$8,642,304 |
$3,157,983
$762,251 |
$4,722,070 |
| 5 |
$9,074,320 |
$3,317,829
$800,355 |
$4,956,136 |
| 6 |
$9,528,160 |
$3,485,750
$840,384 |
$5,202,026 |
| 7 |
$10,004,320 |
$3,661,929
$882,381 |
$5,460,010 |
| 8 |
$10,504,784 |
$3,847,100
$926,522 |
$5,731,162 |
| 9 |
$11,030,048 |
$4,041,448
$972,850 |
$6,015,750 |
| 10 |
$11,581,600 |
$4,245,522
$1,021,497 |
$6,314,581 |
| 11 |
$12,160,432 |
$4,459,690
$1,072,550 |
$6,628,192 |
| 12 |
$12,768,528 |
$4,684,686
$1,126,184 |
$6,957,658 |
| 13 |
$13,406,880 |
$4,920,876
$1,182,487 |
$7,303,517 |
| 14 |
$14,077,472 |
$5,168,995
$1,241,633 |
$7,666,844 |
| 15 |
$14,781,296 |
$5,429,410
$1,303,710 |
$8,048,176 |
| 16 |
$15,520,336 |
$5,702,855
$1,368,894 |
$8,448,587 |
| 17 |
$16,296,080 |
$5,989,880
$1,437,314 |
$8,868,886 |
| 18 |
$17,111,008 |
$6,291,403
$1,509,191 |
$9,310,414 |
| 19 |
$17,966,608 |
$6,607,975
$1,584,655 |
$9,773,978 |
| 20 |
$18,864,864 |
$6,940,330
$1,663,881 |
$10,260,653 |
| 21 |
$19,808,256 |
$7,289,385
$1,747,088 |
$10,771,783 |
| 22 |
$20,798,768 |
$7,655,875
$1,834,451 |
$11,308,442 |
| 23 |
$21,838,384 |
$8,040,532
$1,926,145 |
$11,871,707 |
| 24 |
$22,930,576 |
$8,444,644
$2,022,477 |
$12,463,455 |
| 25 |
$24,076,832 |
$8,868,758
$2,123,577 |
$13,084,497 |
| 26 |
$25,281,120 |
$9,314,345
$2,229,795 |
$13,736,980 |
| 27 |
$26,544,928 |
$9,781,954
$2,341,263 |
$14,421,711 |
| 28 |
$27,872,224 |
$10,273,053
$2,458,330 |
$15,140,841 |
| 29 |
$29,265,984 |
$10,788,744
$2,581,260 |
$15,895,980 |
| 30 |
$30,729,184 |
$11,330,128
$2,710,314 |
$16,688,742 |
|
|
