New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 25, 2025 is estimated to be $70 Million, with a cash option of 32.3 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of New Jersey, your state will take 8% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Jersey MEGA Millions Jackpot/Cash Option for Tue Nov 25, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 25, 2025	$70,000,000	$32,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$32,300,000
Federal Tax(24%)	$7,752,000
Additional Federal Tax	$4,159,330
State Tax(8%)	$2,584,000
Net Lumpsum Payment	$17,804,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$84,286	$619,133
2	$1,106,280	-$369,654 -$88,502	$648,124
3	$1,161,580	-$390,115 -$92,926	$678,539
4	$1,219,680	-$411,612 -$97,574	$710,494
5	$1,280,650	-$434,171 -$102,452	$744,027
6	$1,344,700	-$457,869 -$107,576	$779,255
7	$1,411,900	-$482,733 -$112,952	$816,215
8	$1,482,530	-$508,866 -$118,602	$855,062
9	$1,556,660	-$536,295 -$124,533	$895,832
10	$1,634,500	-$565,095 -$130,760	$938,645
11	$1,716,190	-$595,321 -$137,295	$983,574
12	$1,802,010	-$627,074 -$144,161	$1,030,775
13	$1,892,100	-$660,407 -$151,368	$1,080,325
14	$1,986,740	-$695,424 -$158,939	$1,132,377
15	$2,086,070	-$732,176 -$166,886	$1,187,008
16	$2,190,370	-$770,767 -$175,230	$1,244,373
17	$2,299,850	-$811,275 -$183,988	$1,304,587
18	$2,414,860	-$853,829 -$193,189	$1,367,842
19	$2,535,610	-$898,506 -$202,849	$1,434,255
20	$2,662,380	-$945,411 -$212,990	$1,503,979
21	$2,795,520	-$994,673 -$223,642	$1,577,205
22	$2,935,310	-$1,046,395 -$234,825	$1,654,090
23	$3,082,030	-$1,100,681 -$246,562	$1,734,787
24	$3,236,170	-$1,157,713 -$258,894	$1,819,563
25	$3,397,940	-$1,217,568 -$271,835	$1,908,537
26	$3,567,900	-$1,280,453 -$285,432	$2,002,015
27	$3,746,260	-$1,346,447 -$299,701	$2,100,112
28	$3,933,580	-$1,415,755 -$314,686	$2,203,139
29	$4,130,280	-$1,488,534 -$330,422	$2,311,324
30	$4,336,780	-$1,564,939 -$346,942	$2,424,899