New York Lottery

NYLottery 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 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 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(8.82%)	$3,192,840
Net Lumpsum Payment	$19,652,830

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$106,200	$692,040
2	$1,264,320	-$428,129 -$111,513	$724,678
3	$1,327,520	-$451,513 -$117,087	$758,920
4	$1,393,920	-$476,081 -$122,944	$794,895
5	$1,463,600	-$501,862 -$129,090	$832,648
6	$1,536,800	-$528,946 -$135,546	$872,308
7	$1,613,600	-$557,362 -$142,320	$913,918
8	$1,694,320	-$587,229 -$149,439	$957,652
9	$1,779,040	-$618,575 -$156,911	$1,003,554
10	$1,868,000	-$651,490 -$164,758	$1,051,752
11	$1,961,360	-$686,034 -$172,992	$1,102,334
12	$2,059,440	-$722,323 -$181,643	$1,155,474
13	$2,162,400	-$760,418 -$190,724	$1,211,258
14	$2,270,560	-$800,438 -$200,263	$1,269,859
15	$2,384,080	-$842,440 -$210,276	$1,331,364
16	$2,503,280	-$886,544 -$220,789	$1,395,947
17	$2,628,400	-$932,838 -$231,825	$1,463,737
18	$2,759,840	-$981,471 -$243,418	$1,534,951
19	$2,897,840	-$1,032,531 -$255,589	$1,609,720
20	$3,042,720	-$1,086,137 -$268,368	$1,688,215
21	$3,194,880	-$1,142,436 -$281,788	$1,770,656
22	$3,354,640	-$1,201,547 -$295,879	$1,857,214
23	$3,522,320	-$1,263,589 -$310,669	$1,948,062
24	$3,698,480	-$1,328,768 -$326,206	$2,043,506
25	$3,883,360	-$1,397,174 -$342,512	$2,143,674
26	$4,077,600	-$1,469,042 -$359,644	$2,248,914
27	$4,281,440	-$1,544,463 -$377,623	$2,359,354
28	$4,495,520	-$1,623,673 -$396,505	$2,475,342
29	$4,720,320	-$1,706,849 -$416,332	$2,597,139
30	$4,956,320	-$1,794,169 -$437,147	$2,725,004