The jackpot for the MEGA Millions draw on Tue Nov 4, 2025, is projected to be $800 Million, with an option for a cash payout of $371.7 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 York residents, the state will deduct 8.82% from your lottery earnings.
| New York MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025 |
|---|
| Draw Date | Tue Nov 4, 2025 | | Projected Jackpot | $800,000,000 | | Cash Value | $371,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $371,700,000 | | Federal Tax(24%) | $89,208,000 | | Additional Federal Tax | $48,281,330 | | State Tax(8.82%) | $32,783,940 | | Net Lumpsum Payment | $201,426,730 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$1,061,999 |
$6,563,375 |
| 2 |
$12,643,200 |
$4,638,314
$1,115,130 |
$6,889,756 |
| 3 |
$13,275,200 |
$4,872,154
$1,170,873 |
$7,232,173 |
| 4 |
$13,939,200 |
$5,117,834
$1,229,437 |
$7,591,929 |
| 5 |
$14,636,000 |
$5,375,650
$1,290,895 |
$7,969,455 |
| 6 |
$15,368,000 |
$5,646,490
$1,355,458 |
$8,366,052 |
| 7 |
$16,136,000 |
$5,930,650
$1,423,195 |
$8,782,155 |
| 8 |
$16,943,200 |
$6,229,314
$1,494,390 |
$9,219,496 |
| 9 |
$17,790,400 |
$6,542,778
$1,569,113 |
$9,678,509 |
| 10 |
$18,680,000 |
$6,871,930
$1,647,576 |
$10,160,494 |
| 11 |
$19,613,600 |
$7,217,362
$1,729,920 |
$10,666,318 |
| 12 |
$20,594,400 |
$7,580,258
$1,816,426 |
$11,197,716 |
| 13 |
$21,624,000 |
$7,961,210
$1,907,237 |
$11,755,553 |
| 14 |
$22,705,600 |
$8,361,402
$2,002,634 |
$12,341,564 |
| 15 |
$23,840,800 |
$8,781,426
$2,102,759 |
$12,956,615 |
| 16 |
$25,032,800 |
$9,222,466
$2,207,893 |
$13,602,441 |
| 17 |
$26,284,000 |
$9,685,410
$2,318,249 |
$14,280,341 |
| 18 |
$27,598,400 |
$10,171,738
$2,434,179 |
$14,992,483 |
| 19 |
$28,978,400 |
$10,682,338
$2,555,895 |
$15,740,167 |
| 20 |
$30,427,200 |
$11,218,394
$2,683,679 |
$16,525,127 |
| 21 |
$31,948,800 |
$11,781,386
$2,817,884 |
$17,349,530 |
| 22 |
$33,546,400 |
$12,372,498
$2,958,792 |
$18,215,110 |
| 23 |
$35,223,200 |
$12,992,914
$3,106,686 |
$19,123,600 |
| 24 |
$36,984,800 |
$13,644,706
$3,262,059 |
$20,078,035 |
| 25 |
$38,833,600 |
$14,328,762
$3,425,124 |
$21,079,714 |
| 26 |
$40,776,000 |
$15,047,450
$3,596,443 |
$22,132,107 |
| 27 |
$42,814,400 |
$15,801,658
$3,776,230 |
$23,236,512 |
| 28 |
$44,955,200 |
$16,593,754
$3,965,049 |
$24,396,397 |
| 29 |
$47,203,200 |
$17,425,514
$4,163,322 |
$25,614,364 |
| 30 |
$49,563,200 |
$18,298,714
$4,371,474 |
$26,893,012 |
|
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