The jackpot for the MEGA Millions draw on Fri Nov 7, 2025, is projected to be $843 Million, with an option for a cash payout of $391.7 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 Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey MEGA Millions Jackpot/Cash Option for Fri Nov 7, 2025 |
|---|
| Draw Date | Fri Nov 7, 2025 | | Projected Jackpot | $843,000,000 | | Cash Value | $391,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,700,000 | | Federal Tax(24%) | $94,008,000 | | Additional Federal Tax | $50,881,330 | | State Tax(8%) | $31,336,000 | | Net Lumpsum Payment | $215,474,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$1,015,039 |
$7,018,066 |
| 2 |
$13,322,772 |
$4,889,756
$1,065,822 |
$7,367,194 |
| 3 |
$13,988,742 |
$5,136,165
$1,119,099 |
$7,733,478 |
| 4 |
$14,688,432 |
$5,395,050
$1,175,075 |
$8,118,307 |
| 5 |
$15,422,685 |
$5,666,724
$1,233,815 |
$8,522,146 |
| 6 |
$16,194,030 |
$5,952,121
$1,295,522 |
$8,946,387 |
| 7 |
$17,003,310 |
$6,251,555
$1,360,265 |
$9,391,490 |
| 8 |
$17,853,897 |
$6,566,272
$1,428,312 |
$9,859,313 |
| 9 |
$18,746,634 |
$6,896,585
$1,499,731 |
$10,350,318 |
| 10 |
$19,684,050 |
$7,243,429
$1,574,724 |
$10,865,897 |
| 11 |
$20,667,831 |
$7,607,428
$1,653,426 |
$11,406,977 |
| 12 |
$21,701,349 |
$7,989,830
$1,736,108 |
$11,975,411 |
| 13 |
$22,786,290 |
$8,391,258
$1,822,903 |
$12,572,129 |
| 14 |
$23,926,026 |
$8,812,960
$1,914,082 |
$13,198,984 |
| 15 |
$25,122,243 |
$9,255,560
$2,009,779 |
$13,856,904 |
| 16 |
$26,378,313 |
$9,720,306
$2,110,265 |
$14,547,742 |
| 17 |
$27,696,765 |
$10,208,133
$2,215,741 |
$15,272,891 |
| 18 |
$29,081,814 |
$10,720,602
$2,326,545 |
$16,034,667 |
| 19 |
$30,535,989 |
$11,258,646
$2,442,879 |
$16,834,464 |
| 20 |
$32,062,662 |
$11,823,515
$2,565,013 |
$17,674,134 |
| 21 |
$33,666,048 |
$12,416,768
$2,693,284 |
$18,555,996 |
| 22 |
$35,349,519 |
$13,039,652
$2,827,962 |
$19,481,905 |
| 23 |
$37,116,447 |
$13,693,416
$2,969,316 |
$20,453,715 |
| 24 |
$38,972,733 |
$14,380,242
$3,117,819 |
$21,474,672 |
| 25 |
$40,920,906 |
$15,101,066
$3,273,672 |
$22,546,168 |
| 26 |
$42,967,710 |
$15,858,383
$3,437,417 |
$23,671,910 |
| 27 |
$45,115,674 |
$16,653,130
$3,609,254 |
$24,853,290 |
| 28 |
$47,371,542 |
$17,487,801
$3,789,723 |
$26,094,018 |
| 29 |
$49,740,372 |
$18,364,268
$3,979,230 |
$27,396,874 |
| 30 |
$52,227,222 |
$19,284,403
$4,178,178 |
$28,764,641 |
|
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