New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 York, your state will take 8.82% 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 York MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
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

Year	Gross Payment	Fed/State Tax	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