The jackpot for the MEGA Millions draw on Fri Sep 26, 2025, is projected to be $474 Million, with an option for a cash payout of $219.4 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 Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey MEGA Millions Jackpot/Cash Option for Fri Sep 26, 2025 |
|---|
| Draw Date | Fri Sep 26, 2025 | | Projected Jackpot | $474,000,000 | | Cash Value | $219,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $219,400,000 | | Federal Tax(24%) | $52,656,000 | | Additional Federal Tax | $28,482,330 | | State Tax(8%) | $17,552,000 | | Net Lumpsum Payment | $120,709,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,134,174 |
$2,599,975
$570,734 |
$3,963,465 |
| 2 |
$7,491,096 |
$2,732,036
$599,288 |
$4,159,772 |
| 3 |
$7,865,556 |
$2,870,586
$629,244 |
$4,365,726 |
| 4 |
$8,258,976 |
$3,016,152
$660,718 |
$4,582,106 |
| 5 |
$8,671,830 |
$3,168,907
$693,746 |
$4,809,177 |
| 6 |
$9,105,540 |
$3,329,380
$728,443 |
$5,047,717 |
| 7 |
$9,560,580 |
$3,497,745
$764,846 |
$5,297,989 |
| 8 |
$10,038,846 |
$3,674,703
$803,108 |
$5,561,035 |
| 9 |
$10,540,812 |
$3,860,431
$843,265 |
$5,837,116 |
| 10 |
$11,067,900 |
$4,055,453
$885,432 |
$6,127,015 |
| 11 |
$11,621,058 |
$4,260,122
$929,685 |
$6,431,251 |
| 12 |
$12,202,182 |
$4,475,138
$976,175 |
$6,750,869 |
| 13 |
$12,812,220 |
$4,700,852
$1,024,978 |
$7,086,390 |
| 14 |
$13,453,068 |
$4,937,966
$1,076,245 |
$7,438,857 |
| 15 |
$14,125,674 |
$5,186,830
$1,130,054 |
$7,808,790 |
| 16 |
$14,831,934 |
$5,448,146
$1,186,555 |
$8,197,233 |
| 17 |
$15,573,270 |
$5,722,440
$1,245,862 |
$8,604,968 |
| 18 |
$16,352,052 |
$6,010,590
$1,308,164 |
$9,033,298 |
| 19 |
$17,169,702 |
$6,313,120
$1,373,576 |
$9,483,006 |
| 20 |
$18,028,116 |
$6,630,733
$1,442,249 |
$9,955,134 |
| 21 |
$18,929,664 |
$6,964,306
$1,514,373 |
$10,450,985 |
| 22 |
$19,876,242 |
$7,314,540
$1,590,099 |
$10,971,603 |
| 23 |
$20,869,746 |
$7,682,136
$1,669,580 |
$11,518,030 |
| 24 |
$21,913,494 |
$8,068,323
$1,753,080 |
$12,092,091 |
| 25 |
$23,008,908 |
$8,473,626
$1,840,713 |
$12,694,569 |
| 26 |
$24,159,780 |
$8,899,449
$1,932,782 |
$13,327,549 |
| 27 |
$25,367,532 |
$9,346,317
$2,029,403 |
$13,991,812 |
| 28 |
$26,635,956 |
$9,815,634
$2,130,876 |
$14,689,446 |
| 29 |
$27,967,896 |
$10,308,452
$2,237,432 |
$15,422,012 |
| 30 |
$29,366,196 |
$10,825,823
$2,349,296 |
$16,191,077 |
|
|
