Drawings & Prizes
When are the drawings?
On Tuesday and Friday nights, the Mega Millions live drawings take place during the 11 p.m. news on your official New York Lottery TV drawing station. Tune in to live drawings on your local New York Lottery drawing station. Click here
to find the TV station in your area and other ways to find out if you've won!
Prize Money Allocation
For each Mega Millions draw, 50% of the sales for the draw is allowed as prize money. The First Prize is allocated 63% of this amount. The remaining prize monies are then used to pay out the additional eight prize levels.
How is the Jackpot Prize Determined and Paid?
The Mega Millions Jackpot increases by a minimum of $5 million after any draw for which there is no top prize won. For the starting jackpot we guarantee a prize amount that includes annuity interest (the money it will earn over the prize payment period). Subsequent jackpot amounts are based upon expected sales plus the First Prize money carried over from previous draw until the jackpot is won. As the jackpot grows, so does Mega Millions fever!
There are two Mega Millions Jackpot Prize Payment Options. You can receive your prize in 30 annual payments or you can receive the prize in a lump sum cash payment. The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one. We used to pay the jackpot in equal installments, but players expressed concern that the cost of living would be increasing while their payments were not. We changed to payments that increase each year to help protect winners’ lifestyle and purchasing power.
For a typical jackpot of $50 million, the initial payment would be more than $750,000, and future annual payments would grow to almost $3.1 million.
See the How to Play Mega Millions for more details. Jackpot winners who select the Lump Sum Cash Value option will receive the estimated present cash value of the advertised amount. The amount will be less than the advertised jackpot.