The jackpot for the MEGA Millions draw on Fri Jun 6, 2025, is projected to be $223 Million, with an option for a cash payout of $99.4 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 Fri Jun 6, 2025 |
|---|
| Draw Date | Fri Jun 6, 2025 | | Projected Jackpot | $223,000,000 | | Cash Value | $99,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $99,400,000 | | Federal Tax(24%) | $23,856,000 | | Additional Federal Tax | $12,882,330 | | State Tax(8.82%) | $8,767,080 | | Net Lumpsum Payment | $53,894,590 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,356,373 |
$1,202,188
$296,032 |
$1,858,153 |
| 2 |
$3,524,292 |
$1,264,318
$310,843 |
$1,949,131 |
| 3 |
$3,700,462 |
$1,329,501
$326,381 |
$2,044,580 |
| 4 |
$3,885,552 |
$1,397,985
$342,706 |
$2,144,861 |
| 5 |
$4,079,785 |
$1,469,851
$359,837 |
$2,250,097 |
| 6 |
$4,283,830 |
$1,545,347
$377,834 |
$2,360,649 |
| 7 |
$4,497,910 |
$1,624,557
$396,716 |
$2,476,637 |
| 8 |
$4,722,917 |
$1,707,810
$416,561 |
$2,598,546 |
| 9 |
$4,959,074 |
$1,795,188
$437,390 |
$2,726,496 |
| 10 |
$5,207,050 |
$1,886,939
$459,262 |
$2,860,849 |
| 11 |
$5,467,291 |
$1,983,228
$482,215 |
$3,001,848 |
| 12 |
$5,740,689 |
$2,084,385
$506,329 |
$3,149,975 |
| 13 |
$6,027,690 |
$2,190,576
$531,642 |
$3,305,472 |
| 14 |
$6,329,186 |
$2,302,129
$558,234 |
$3,468,823 |
| 15 |
$6,645,623 |
$2,419,211
$586,144 |
$3,640,268 |
| 16 |
$6,977,893 |
$2,542,151
$615,450 |
$3,820,292 |
| 17 |
$7,326,665 |
$2,671,196
$646,212 |
$4,009,257 |
| 18 |
$7,693,054 |
$2,806,760
$678,527 |
$4,207,767 |
| 19 |
$8,077,729 |
$2,949,090
$712,456 |
$4,416,183 |
| 20 |
$8,481,582 |
$3,098,516
$748,076 |
$4,634,990 |
| 21 |
$8,905,728 |
$3,255,450
$785,485 |
$4,864,793 |
| 22 |
$9,351,059 |
$3,420,222
$824,763 |
$5,106,074 |
| 23 |
$9,818,467 |
$3,593,163
$865,989 |
$5,359,315 |
| 24 |
$10,309,513 |
$3,774,850
$909,299 |
$5,625,364 |
| 25 |
$10,824,866 |
$3,965,531
$954,753 |
$5,904,582 |
| 26 |
$11,366,310 |
$4,165,865
$1,002,509 |
$6,197,936 |
| 27 |
$11,934,514 |
$4,376,101
$1,052,624 |
$6,505,789 |
| 28 |
$12,531,262 |
$4,596,897
$1,105,257 |
$6,829,108 |
| 29 |
$13,157,892 |
$4,828,750
$1,160,526 |
$7,168,616 |
| 30 |
$13,815,742 |
$5,072,155
$1,218,548 |
$7,525,039 |
|
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