New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(8%)	$2,896,000
Net Lumpsum Payment	$19,949,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$96,326	$701,914
2	$1,264,320	-$428,129 -$101,146	$735,045
3	$1,327,520	-$451,513 -$106,202	$769,805
4	$1,393,920	-$476,081 -$111,514	$806,325
5	$1,463,600	-$501,862 -$117,088	$844,650
6	$1,536,800	-$528,946 -$122,944	$884,910
7	$1,613,600	-$557,362 -$129,088	$927,150
8	$1,694,320	-$587,229 -$135,546	$971,545
9	$1,779,040	-$618,575 -$142,323	$1,018,142
10	$1,868,000	-$651,490 -$149,440	$1,067,070
11	$1,961,360	-$686,034 -$156,909	$1,118,417
12	$2,059,440	-$722,323 -$164,755	$1,172,362
13	$2,162,400	-$760,418 -$172,992	$1,228,990
14	$2,270,560	-$800,438 -$181,645	$1,288,477
15	$2,384,080	-$842,440 -$190,726	$1,350,914
16	$2,503,280	-$886,544 -$200,262	$1,416,474
17	$2,628,400	-$932,838 -$210,272	$1,485,290
18	$2,759,840	-$981,471 -$220,787	$1,557,582
19	$2,897,840	-$1,032,531 -$231,827	$1,633,482
20	$3,042,720	-$1,086,137 -$243,418	$1,713,165
21	$3,194,880	-$1,142,436 -$255,590	$1,796,854
22	$3,354,640	-$1,201,547 -$268,371	$1,884,722
23	$3,522,320	-$1,263,589 -$281,786	$1,976,945
24	$3,698,480	-$1,328,768 -$295,878	$2,073,834
25	$3,883,360	-$1,397,174 -$310,669	$2,175,517
26	$4,077,600	-$1,469,042 -$326,208	$2,282,350
27	$4,281,440	-$1,544,463 -$342,515	$2,394,462
28	$4,495,520	-$1,623,673 -$359,642	$2,512,205
29	$4,720,320	-$1,706,849 -$377,626	$2,635,845
30	$4,956,320	-$1,794,169 -$396,506	$2,765,645