The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(8.82%) | $16,387,560 | | Net Lumpsum Payment | $100,706,110 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$530,999 |
$3,301,523 |
| 2 |
$6,321,600 |
$2,299,322
$557,565 |
$3,464,713 |
| 3 |
$6,637,600 |
$2,416,242
$585,436 |
$3,635,922 |
| 4 |
$6,969,600 |
$2,539,082
$614,719 |
$3,815,799 |
| 5 |
$7,318,000 |
$2,667,990
$645,448 |
$4,004,562 |
| 6 |
$7,684,000 |
$2,803,410
$677,729 |
$4,202,861 |
| 7 |
$8,068,000 |
$2,945,490
$711,598 |
$4,410,912 |
| 8 |
$8,471,600 |
$3,094,822
$747,195 |
$4,629,583 |
| 9 |
$8,895,200 |
$3,251,554
$784,557 |
$4,859,089 |
| 10 |
$9,340,000 |
$3,416,130
$823,788 |
$5,100,082 |
| 11 |
$9,806,800 |
$3,588,846
$864,960 |
$5,352,994 |
| 12 |
$10,297,200 |
$3,770,294
$908,213 |
$5,618,693 |
| 13 |
$10,812,000 |
$3,960,770
$953,618 |
$5,897,612 |
| 14 |
$11,352,800 |
$4,160,866
$1,001,317 |
$6,190,617 |
| 15 |
$11,920,400 |
$4,370,878
$1,051,379 |
$6,498,143 |
| 16 |
$12,516,400 |
$4,591,398
$1,103,946 |
$6,821,056 |
| 17 |
$13,142,000 |
$4,822,870
$1,159,124 |
$7,160,006 |
| 18 |
$13,799,200 |
$5,066,034
$1,217,089 |
$7,516,077 |
| 19 |
$14,489,200 |
$5,321,334
$1,277,947 |
$7,889,919 |
| 20 |
$15,213,600 |
$5,589,362
$1,341,840 |
$8,282,398 |
| 21 |
$15,974,400 |
$5,870,858
$1,408,942 |
$8,694,600 |
| 22 |
$16,773,200 |
$6,166,414
$1,479,396 |
$9,127,390 |
| 23 |
$17,611,600 |
$6,476,622
$1,553,343 |
$9,581,635 |
| 24 |
$18,492,400 |
$6,802,518
$1,631,030 |
$10,058,852 |
| 25 |
$19,416,800 |
$7,144,546
$1,712,562 |
$10,559,692 |
| 26 |
$20,388,000 |
$7,503,890
$1,798,222 |
$11,085,888 |
| 27 |
$21,407,200 |
$7,880,994
$1,888,115 |
$11,638,091 |
| 28 |
$22,477,600 |
$8,277,042
$1,982,524 |
$12,218,034 |
| 29 |
$23,601,600 |
$8,692,922
$2,081,661 |
$12,827,017 |
| 30 |
$24,781,600 |
$9,129,522
$2,185,737 |
$13,466,341 |
|
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