N.Y. Comp. Codes R. & Regs. tit. 9, § 5007.7
(a) For the Mega Millions game the prize structure shall be a matrix of 5/70 and 1/25 with an approximately 49.8 percent anticipated prize fund.
(4) Purchasers in New York must select either an annuity jackpot prize or lump sum jackpot prize. A jackpot prize shall be paid, at the election of a player made no later than 60 days after the player becomes entitled to the prize, with either an annuity or lump sum payment. If the payment election is not made by a player within 60 after the player becomes entitled to the prize, then the prize shall be paid as an annuity prize. An election to take a lump sum payment may be made at the time of the prize claim or within 60 days after the player becomes entitled to the prize. An election made after the winner becomes entitled to the prize is final and cannot be revoked, withdrawn or otherwise changed without the approval of the commission.
(ii) Lump sum option jackpot prizes shall be paid in a single payment upon completion of internal validation procedures. The lump sum option amount offered shall be the amount determined by multiplying the annuitized prize amount by a discount value set by Mega Millions finance committee prior to each drawing (the lump sum equivalent jackpot prize), divided by the number of total jackpot prize winners for the Mega Millions game.
(c) Second- through ninth-level prizes.
| Match Field 1 | Match Field 2 | Odds 1 in | Prize | % of Sales | Level |
| 5 | 1 | 302,575,350 | Jackpot | 37.6% | 1 |
| 5 | 0 | 12,607,306 | $1,000,000 | 4.0% | 2 |
| 4 | 1 | 931,001 | $10,000 | 0.5% | 3 |
| 4 | 0 | 38,792 | $500 | 0.6% | 4 |
| 3 | 1 | 14,547 | $200 | 0.7% | 5 |
| 3 | 0 | 606 | $10 | 0.8% | 6 |
| 2 | 1 | 693 | $10 | 0.7% | 7 |
| 1 | 1 | 89 | $4 | 2.2% | 8 |
| 0 | 1 | 37 | $2 | 2.7% | 9 |
| Total | 24.0 | 49.8% |
(b) Jackpot prize payments.
For the Mega Millions game: