New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 York, your state will take 8.82% 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 York MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(8.82%)	$32,783,940
Net Lumpsum Payment	$201,426,730

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$1,061,999	$6,563,375
2	$12,643,200	-$4,638,314 -$1,115,130	$6,889,756
3	$13,275,200	-$4,872,154 -$1,170,873	$7,232,173
4	$13,939,200	-$5,117,834 -$1,229,437	$7,591,929
5	$14,636,000	-$5,375,650 -$1,290,895	$7,969,455
6	$15,368,000	-$5,646,490 -$1,355,458	$8,366,052
7	$16,136,000	-$5,930,650 -$1,423,195	$8,782,155
8	$16,943,200	-$6,229,314 -$1,494,390	$9,219,496
9	$17,790,400	-$6,542,778 -$1,569,113	$9,678,509
10	$18,680,000	-$6,871,930 -$1,647,576	$10,160,494
11	$19,613,600	-$7,217,362 -$1,729,920	$10,666,318
12	$20,594,400	-$7,580,258 -$1,816,426	$11,197,716
13	$21,624,000	-$7,961,210 -$1,907,237	$11,755,553
14	$22,705,600	-$8,361,402 -$2,002,634	$12,341,564
15	$23,840,800	-$8,781,426 -$2,102,759	$12,956,615
16	$25,032,800	-$9,222,466 -$2,207,893	$13,602,441
17	$26,284,000	-$9,685,410 -$2,318,249	$14,280,341
18	$27,598,400	-$10,171,738 -$2,434,179	$14,992,483
19	$28,978,400	-$10,682,338 -$2,555,895	$15,740,167
20	$30,427,200	-$11,218,394 -$2,683,679	$16,525,127
21	$31,948,800	-$11,781,386 -$2,817,884	$17,349,530
22	$33,546,400	-$12,372,498 -$2,958,792	$18,215,110
23	$35,223,200	-$12,992,914 -$3,106,686	$19,123,600
24	$36,984,800	-$13,644,706 -$3,262,059	$20,078,035
25	$38,833,600	-$14,328,762 -$3,425,124	$21,079,714
26	$40,776,000	-$15,047,450 -$3,596,443	$22,132,107
27	$42,814,400	-$15,801,658 -$3,776,230	$23,236,512
28	$44,955,200	-$16,593,754 -$3,965,049	$24,396,397
29	$47,203,200	-$17,425,514 -$4,163,322	$25,614,364
30	$49,563,200	-$18,298,714 -$4,371,474	$26,893,012