Use our Mega Millions payout and tax calculator to find out how much taxes you need to pay if you win the Mega Millions jackpot – for both cash and annuity options. The Mega Millions lottery jackpot was an estimated 1.1 billion with a cash option of 550.2 million for Tuesday night's drawing, according to the Mega Millions website. How much tax do you pay on New Jersey Mega Millions winnings?īy law, New Jersey lottery will withhold 24% of winnings for federal taxes and 8.0% for state income taxes. New Jersey Mega Millions ticket sales stop from 10:45 p.m. How late can you buy Mega Millions tickets in New Jersey? Play PA Lottery draw games like Powerball, Mega Millions, PICK 2, PICK 3, PICK 4, PICK 5, Wild Ball, Cash4Life, Cash 5, Match 6 Lotto, Millionaire Raffle. If the winner does not present a Social Security number, the taxes withheld by the New Jersey Lottery are as follows. Mega Millions drawings are held every Tuesday and Friday at 11:00 p.m. Tax Information Here are the taxes withheld from lottery prizes claimed by winners in New Jersey who present a Social Security number when claiming their prize. When is the New Jersey Mega Millions draw? New Jersey is one of the states that offers MegaPly ®, which can increase the non-jackpot prizes by 2, 3, 4, or 5 times for an additional $1 per play. One NJ ticket had the Megaplier to win 3 million, while the other took home 1 million. You can also win non-grand prizes ranging from $1 to $1 million by matching one or more numbers as detailed in the New Jersey Mega Millions payouts and prize amounts chart above. New Jersey has two new millionaires While the jackpot was won down in Texas on Friday, the Garden State had two tickets that matched the five white balls to win million-dollar prizes, according to the Mega Millions website. You win the Mega Millions jackpot by matching all six numbers in the drawing. Mega Millions & Powerball app is available on iOS (iPhone, iPad, iPod touch). New Jersey Mega Millions FAQs How do you win the New Jersey Mega Millions? New Jersey (NJ) lottery results with jackpot and winning numbers information.
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