New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 18, 2025 is estimated to be $50 Million, with a cash option of 22.1 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 Jul 18, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 18, 2025	$50,000,000	$22,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,100,000
Federal Tax(24%)	$5,304,000
Additional Federal Tax	$2,833,330
State Tax(8.82%)	$1,949,220
Net Lumpsum Payment	$12,013,450

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$66,375	$447,401
2	$790,200	-$252,704 -$69,696	$467,800
3	$829,700	-$267,319 -$73,180	$489,201
4	$871,200	-$282,674 -$76,840	$511,686
5	$914,750	-$298,788 -$80,681	$535,281
6	$960,500	-$315,715 -$84,716	$560,069
7	$1,008,500	-$333,475 -$88,950	$586,075
8	$1,058,950	-$352,142 -$93,399	$613,409
9	$1,111,900	-$371,733 -$98,070	$642,097
10	$1,167,500	-$392,305 -$102,974	$672,221
11	$1,225,850	-$413,895 -$108,120	$703,835
12	$1,287,150	-$436,576 -$113,527	$737,047
13	$1,351,500	-$460,385 -$119,202	$771,913
14	$1,419,100	-$485,397 -$125,165	$808,538
15	$1,490,050	-$511,649 -$131,422	$846,979
16	$1,564,550	-$539,214 -$137,993	$887,343
17	$1,642,750	-$568,148 -$144,891	$929,711
18	$1,724,900	-$598,543 -$152,136	$974,221
19	$1,811,150	-$630,456 -$159,743	$1,020,951
20	$1,901,700	-$663,959 -$167,730	$1,070,011
21	$1,996,800	-$699,146 -$176,118	$1,121,536
22	$2,096,650	-$736,091 -$184,925	$1,175,634
23	$2,201,450	-$774,867 -$194,168	$1,232,415
24	$2,311,550	-$815,604 -$203,879	$1,292,067
25	$2,427,100	-$858,357 -$214,070	$1,354,673
26	$2,548,500	-$903,275 -$224,778	$1,420,447
27	$2,675,900	-$950,413 -$236,014	$1,489,473
28	$2,809,700	-$999,919 -$247,816	$1,561,965
29	$2,950,200	-$1,051,904 -$260,208	$1,638,088
30	$3,097,700	-$1,106,479 -$273,217	$1,718,004