New York Lottery

NYLottery 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 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 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(8.82%)	$2,848,860
Net Lumpsum Payment	$17,539,810

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$92,925	$610,494
2	$1,106,280	-$369,654 -$97,574	$639,052
3	$1,161,580	-$390,115 -$102,451	$669,014
4	$1,219,680	-$411,612 -$107,576	$700,492
5	$1,280,650	-$434,171 -$112,953	$733,526
6	$1,344,700	-$457,869 -$118,603	$768,228
7	$1,411,900	-$482,733 -$124,530	$804,637
8	$1,482,530	-$508,866 -$130,759	$842,905
9	$1,556,660	-$536,295 -$137,297	$883,068
10	$1,634,500	-$565,095 -$144,163	$925,242
11	$1,716,190	-$595,321 -$151,368	$969,501
12	$1,802,010	-$627,074 -$158,937	$1,015,999
13	$1,892,100	-$660,407 -$166,883	$1,064,810
14	$1,986,740	-$695,424 -$175,230	$1,116,086
15	$2,086,070	-$732,176 -$183,991	$1,169,903
16	$2,190,370	-$770,767 -$193,191	$1,226,412
17	$2,299,850	-$811,275 -$202,847	$1,285,728
18	$2,414,860	-$853,829 -$212,991	$1,348,040
19	$2,535,610	-$898,506 -$223,641	$1,413,463
20	$2,662,380	-$945,411 -$234,822	$1,482,147
21	$2,795,520	-$994,673 -$246,565	$1,554,282
22	$2,935,310	-$1,046,395 -$258,894	$1,630,021
23	$3,082,030	-$1,100,681 -$271,835	$1,709,514
24	$3,236,170	-$1,157,713 -$285,430	$1,793,027
25	$3,397,940	-$1,217,568 -$299,698	$1,880,674
26	$3,567,900	-$1,280,453 -$314,689	$1,972,758
27	$3,746,260	-$1,346,447 -$330,420	$2,069,393
28	$3,933,580	-$1,415,755 -$346,942	$2,170,883
29	$4,130,280	-$1,488,534 -$364,291	$2,277,455
30	$4,336,780	-$1,564,939 -$382,504	$2,389,337