New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(8.82%)	$11,995,200
Net Lumpsum Payment	$73,724,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$400,904	$2,502,369
2	$4,772,808	-$1,726,269 -$420,962	$2,625,577
3	$5,011,388	-$1,814,544 -$442,004	$2,754,840
4	$5,262,048	-$1,907,288 -$464,113	$2,890,647
5	$5,525,090	-$2,004,614 -$487,313	$3,033,163
6	$5,801,420	-$2,106,856 -$511,685	$3,182,879
7	$6,091,340	-$2,214,126 -$537,256	$3,339,958
8	$6,396,058	-$2,326,872 -$564,132	$3,505,054
9	$6,715,876	-$2,445,205 -$592,340	$3,678,331
10	$7,051,700	-$2,569,459 -$621,960	$3,860,281
11	$7,404,134	-$2,699,860 -$653,045	$4,051,229
12	$7,774,386	-$2,836,853 -$685,701	$4,251,832
13	$8,163,060	-$2,980,663 -$719,982	$4,462,415
14	$8,571,364	-$3,131,735 -$755,994	$4,683,635
15	$8,999,902	-$3,290,294 -$793,791	$4,915,817
16	$9,449,882	-$3,456,787 -$833,480	$5,159,615
17	$9,922,210	-$3,631,548 -$875,139	$5,415,523
18	$10,418,396	-$3,815,137 -$918,903	$5,684,356
19	$10,939,346	-$4,007,888 -$964,850	$5,966,608
20	$11,486,268	-$4,210,250 -$1,013,089	$6,262,929
21	$12,060,672	-$4,422,779 -$1,063,751	$6,574,142
22	$12,663,766	-$4,645,924 -$1,116,944	$6,900,898
23	$13,296,758	-$4,880,131 -$1,172,774	$7,243,853
24	$13,961,762	-$5,126,182 -$1,231,427	$7,604,153
25	$14,659,684	-$5,384,413 -$1,292,984	$7,982,287
26	$15,392,940	-$5,655,718 -$1,357,657	$8,379,565
27	$16,162,436	-$5,940,432 -$1,425,527	$8,796,477
28	$16,970,588	-$6,239,448 -$1,496,806	$9,234,334
29	$17,819,208	-$6,553,437 -$1,571,654	$9,694,117
30	$18,710,108	-$6,883,070 -$1,650,232	$10,176,806