New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 6, 2025 is estimated to be $223 Million, with a cash option of 99.4 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 Fri Jun 6, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 6, 2025	$223,000,000	$99,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,400,000
Federal Tax(24%)	$23,856,000
Additional Federal Tax	$12,882,330
State Tax(8.82%)	$8,767,080
Net Lumpsum Payment	$53,894,590

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$296,032	$1,858,153
2	$3,524,292	-$1,264,318 -$310,843	$1,949,131
3	$3,700,462	-$1,329,501 -$326,381	$2,044,580
4	$3,885,552	-$1,397,985 -$342,706	$2,144,861
5	$4,079,785	-$1,469,851 -$359,837	$2,250,097
6	$4,283,830	-$1,545,347 -$377,834	$2,360,649
7	$4,497,910	-$1,624,557 -$396,716	$2,476,637
8	$4,722,917	-$1,707,810 -$416,561	$2,598,546
9	$4,959,074	-$1,795,188 -$437,390	$2,726,496
10	$5,207,050	-$1,886,939 -$459,262	$2,860,849
11	$5,467,291	-$1,983,228 -$482,215	$3,001,848
12	$5,740,689	-$2,084,385 -$506,329	$3,149,975
13	$6,027,690	-$2,190,576 -$531,642	$3,305,472
14	$6,329,186	-$2,302,129 -$558,234	$3,468,823
15	$6,645,623	-$2,419,211 -$586,144	$3,640,268
16	$6,977,893	-$2,542,151 -$615,450	$3,820,292
17	$7,326,665	-$2,671,196 -$646,212	$4,009,257
18	$7,693,054	-$2,806,760 -$678,527	$4,207,767
19	$8,077,729	-$2,949,090 -$712,456	$4,416,183
20	$8,481,582	-$3,098,516 -$748,076	$4,634,990
21	$8,905,728	-$3,255,450 -$785,485	$4,864,793
22	$9,351,059	-$3,420,222 -$824,763	$5,106,074
23	$9,818,467	-$3,593,163 -$865,989	$5,359,315
24	$10,309,513	-$3,774,850 -$909,299	$5,625,364
25	$10,824,866	-$3,965,531 -$954,753	$5,904,582
26	$11,366,310	-$4,165,865 -$1,002,509	$6,197,936
27	$11,934,514	-$4,376,101 -$1,052,624	$6,505,789
28	$12,531,262	-$4,596,897 -$1,105,257	$6,829,108
29	$13,157,892	-$4,828,750 -$1,160,526	$7,168,616
30	$13,815,742	-$5,072,155 -$1,218,548	$7,525,039