The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Fri Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(8%) | $15,720,000 | | Net Lumpsum Payment | $108,114,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$509,326 |
$3,541,285 |
| 2 |
$6,685,092 |
$2,433,814
$534,807 |
$3,716,471 |
| 3 |
$7,019,262 |
$2,557,457
$561,541 |
$3,900,264 |
| 4 |
$7,370,352 |
$2,687,361
$589,628 |
$4,093,363 |
| 5 |
$7,738,785 |
$2,823,681
$619,103 |
$4,296,001 |
| 6 |
$8,125,830 |
$2,966,887
$650,066 |
$4,508,877 |
| 7 |
$8,531,910 |
$3,117,137
$682,553 |
$4,732,220 |
| 8 |
$8,958,717 |
$3,275,056
$716,697 |
$4,966,964 |
| 9 |
$9,406,674 |
$3,440,800
$752,534 |
$5,213,340 |
| 10 |
$9,877,050 |
$3,614,839
$790,164 |
$5,472,047 |
| 11 |
$10,370,691 |
$3,797,486
$829,655 |
$5,743,550 |
| 12 |
$10,889,289 |
$3,989,367
$871,143 |
$6,028,779 |
| 13 |
$11,433,690 |
$4,190,796
$914,695 |
$6,328,199 |
| 14 |
$12,005,586 |
$4,402,397
$960,447 |
$6,642,742 |
| 15 |
$12,605,823 |
$4,624,485
$1,008,466 |
$6,972,872 |
| 16 |
$13,236,093 |
$4,857,685
$1,058,887 |
$7,319,521 |
| 17 |
$13,897,665 |
$5,102,466
$1,111,813 |
$7,683,386 |
| 18 |
$14,592,654 |
$5,359,612
$1,167,412 |
$8,065,630 |
| 19 |
$15,322,329 |
$5,629,592
$1,225,786 |
$8,466,951 |
| 20 |
$16,088,382 |
$5,913,032
$1,287,071 |
$8,888,279 |
| 21 |
$16,892,928 |
$6,210,714
$1,351,434 |
$9,330,780 |
| 22 |
$17,737,659 |
$6,523,264
$1,419,013 |
$9,795,382 |
| 23 |
$18,624,267 |
$6,851,309
$1,489,941 |
$10,283,017 |
| 24 |
$19,555,713 |
$7,195,944
$1,564,457 |
$10,795,312 |
| 25 |
$20,533,266 |
$7,557,639
$1,642,661 |
$11,332,966 |
| 26 |
$21,560,310 |
$7,937,645
$1,724,825 |
$11,897,840 |
| 27 |
$22,638,114 |
$8,336,433
$1,811,049 |
$12,490,632 |
| 28 |
$23,770,062 |
$8,755,253
$1,901,605 |
$13,113,204 |
| 29 |
$24,958,692 |
$9,195,046
$1,996,695 |
$13,766,951 |
| 30 |
$26,206,542 |
$9,656,751
$2,096,523 |
$14,453,268 |
|
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