New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Jersey, your state will take 8% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Jersey MEGA Millions Jackpot/Cash Option for Tue Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(8%)	$2,896,000
Net Lumpsum Payment	$19,949,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$96,326	$701,914
2	$1,264,320	-$428,129 -$101,146	$735,045
3	$1,327,520	-$451,513 -$106,202	$769,805
4	$1,393,920	-$476,081 -$111,514	$806,325
5	$1,463,600	-$501,862 -$117,088	$844,650
6	$1,536,800	-$528,946 -$122,944	$884,910
7	$1,613,600	-$557,362 -$129,088	$927,150
8	$1,694,320	-$587,229 -$135,546	$971,545
9	$1,779,040	-$618,575 -$142,323	$1,018,142
10	$1,868,000	-$651,490 -$149,440	$1,067,070
11	$1,961,360	-$686,034 -$156,909	$1,118,417
12	$2,059,440	-$722,323 -$164,755	$1,172,362
13	$2,162,400	-$760,418 -$172,992	$1,228,990
14	$2,270,560	-$800,438 -$181,645	$1,288,477
15	$2,384,080	-$842,440 -$190,726	$1,350,914
16	$2,503,280	-$886,544 -$200,262	$1,416,474
17	$2,628,400	-$932,838 -$210,272	$1,485,290
18	$2,759,840	-$981,471 -$220,787	$1,557,582
19	$2,897,840	-$1,032,531 -$231,827	$1,633,482
20	$3,042,720	-$1,086,137 -$243,418	$1,713,165
21	$3,194,880	-$1,142,436 -$255,590	$1,796,854
22	$3,354,640	-$1,201,547 -$268,371	$1,884,722
23	$3,522,320	-$1,263,589 -$281,786	$1,976,945
24	$3,698,480	-$1,328,768 -$295,878	$2,073,834
25	$3,883,360	-$1,397,174 -$310,669	$2,175,517
26	$4,077,600	-$1,469,042 -$326,208	$2,282,350
27	$4,281,440	-$1,544,463 -$342,515	$2,394,462
28	$4,495,520	-$1,623,673 -$359,642	$2,512,205
29	$4,720,320	-$1,706,849 -$377,626	$2,635,845
30	$4,956,320	-$1,794,169 -$396,506	$2,765,645