The jackpot for the MEGA Millions draw on Tue Dec 30, 2025, is projected to be $138 Million, with an option for a cash payout of $63.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey MEGA Millions Jackpot/Cash Option for Tue Dec 30, 2025 |
|---|
| Draw Date | Tue Dec 30, 2025 | | Projected Jackpot | $138,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(8%) | $5,064,000 | | Net Lumpsum Payment | $34,854,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,077,038 |
$728,834
$166,163 |
$1,182,041 |
| 2 |
$2,180,952 |
$767,283
$174,476 |
$1,239,193 |
| 3 |
$2,289,972 |
$807,620
$183,198 |
$1,299,154 |
| 4 |
$2,404,512 |
$850,000
$192,361 |
$1,362,151 |
| 5 |
$2,524,710 |
$894,473
$201,977 |
$1,428,260 |
| 6 |
$2,650,980 |
$941,193
$212,078 |
$1,497,709 |
| 7 |
$2,783,460 |
$990,211
$222,677 |
$1,570,572 |
| 8 |
$2,922,702 |
$1,041,730
$233,816 |
$1,647,156 |
| 9 |
$3,068,844 |
$1,095,803
$245,508 |
$1,727,533 |
| 10 |
$3,222,300 |
$1,152,581
$257,784 |
$1,811,935 |
| 11 |
$3,383,346 |
$1,212,168
$270,668 |
$1,900,510 |
| 12 |
$3,552,534 |
$1,274,768
$284,203 |
$1,993,563 |
| 13 |
$3,730,140 |
$1,340,482
$298,411 |
$2,091,247 |
| 14 |
$3,916,716 |
$1,409,515
$313,337 |
$2,193,864 |
| 15 |
$4,112,538 |
$1,481,969
$329,003 |
$2,301,566 |
| 16 |
$4,318,158 |
$1,558,049
$345,453 |
$2,414,656 |
| 17 |
$4,533,990 |
$1,637,907
$362,719 |
$2,533,364 |
| 18 |
$4,760,724 |
$1,721,798
$380,858 |
$2,658,068 |
| 19 |
$4,998,774 |
$1,809,877
$399,902 |
$2,788,995 |
| 20 |
$5,248,692 |
$1,902,346
$419,895 |
$2,926,451 |
| 21 |
$5,511,168 |
$1,999,463
$440,893 |
$3,070,812 |
| 22 |
$5,786,754 |
$2,101,429
$462,940 |
$3,222,385 |
| 23 |
$6,076,002 |
$2,208,451
$486,080 |
$3,381,471 |
| 24 |
$6,379,878 |
$2,320,885
$510,390 |
$3,548,603 |
| 25 |
$6,698,796 |
$2,438,885
$535,904 |
$3,724,007 |
| 26 |
$7,033,860 |
$2,562,859
$562,709 |
$3,908,292 |
| 27 |
$7,385,484 |
$2,692,959
$590,839 |
$4,101,686 |
| 28 |
$7,754,772 |
$2,829,596
$620,382 |
$4,304,794 |
| 29 |
$8,142,552 |
$2,973,075
$651,404 |
$4,518,073 |
| 30 |
$8,549,652 |
$3,123,702
$683,972 |
$4,741,978 |
|
|
