New York Lottery

NYLottery 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 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 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(8.82%)	$3,192,840
Net Lumpsum Payment	$19,652,830

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$106,200	$692,040
2	$1,264,320	-$428,129 -$111,513	$724,678
3	$1,327,520	-$451,513 -$117,087	$758,920
4	$1,393,920	-$476,081 -$122,944	$794,895
5	$1,463,600	-$501,862 -$129,090	$832,648
6	$1,536,800	-$528,946 -$135,546	$872,308
7	$1,613,600	-$557,362 -$142,320	$913,918
8	$1,694,320	-$587,229 -$149,439	$957,652
9	$1,779,040	-$618,575 -$156,911	$1,003,554
10	$1,868,000	-$651,490 -$164,758	$1,051,752
11	$1,961,360	-$686,034 -$172,992	$1,102,334
12	$2,059,440	-$722,323 -$181,643	$1,155,474
13	$2,162,400	-$760,418 -$190,724	$1,211,258
14	$2,270,560	-$800,438 -$200,263	$1,269,859
15	$2,384,080	-$842,440 -$210,276	$1,331,364
16	$2,503,280	-$886,544 -$220,789	$1,395,947
17	$2,628,400	-$932,838 -$231,825	$1,463,737
18	$2,759,840	-$981,471 -$243,418	$1,534,951
19	$2,897,840	-$1,032,531 -$255,589	$1,609,720
20	$3,042,720	-$1,086,137 -$268,368	$1,688,215
21	$3,194,880	-$1,142,436 -$281,788	$1,770,656
22	$3,354,640	-$1,201,547 -$295,879	$1,857,214
23	$3,522,320	-$1,263,589 -$310,669	$1,948,062
24	$3,698,480	-$1,328,768 -$326,206	$2,043,506
25	$3,883,360	-$1,397,174 -$342,512	$2,143,674
26	$4,077,600	-$1,469,042 -$359,644	$2,248,914
27	$4,281,440	-$1,544,463 -$377,623	$2,359,354
28	$4,495,520	-$1,623,673 -$396,505	$2,475,342
29	$4,720,320	-$1,706,849 -$416,332	$2,597,139
30	$4,956,320	-$1,794,169 -$437,147	$2,725,004