The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(8.82%) | $23,337,720 | | Net Lumpsum Payment | $143,399,950 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$763,311 |
$4,728,583 |
| 2 |
$9,087,300 |
$3,322,631
$801,500 |
$4,963,169 |
| 3 |
$9,541,550 |
$3,490,704
$841,565 |
$5,209,281 |
| 4 |
$10,018,800 |
$3,667,286
$883,658 |
$5,467,856 |
| 5 |
$10,519,625 |
$3,852,592
$927,831 |
$5,739,202 |
| 6 |
$11,045,750 |
$4,047,258
$974,235 |
$6,024,257 |
| 7 |
$11,597,750 |
$4,251,498
$1,022,922 |
$6,323,330 |
| 8 |
$12,177,925 |
$4,466,163
$1,074,093 |
$6,637,669 |
| 9 |
$12,786,850 |
$4,691,465
$1,127,800 |
$6,967,585 |
| 10 |
$13,426,250 |
$4,928,043
$1,184,195 |
$7,314,012 |
| 11 |
$14,097,275 |
$5,176,322
$1,243,380 |
$7,677,573 |
| 12 |
$14,802,225 |
$5,437,154
$1,305,556 |
$8,059,515 |
| 13 |
$15,542,250 |
$5,710,963
$1,370,826 |
$8,460,461 |
| 14 |
$16,319,650 |
$5,998,601
$1,439,393 |
$8,881,656 |
| 15 |
$17,135,575 |
$6,300,493
$1,511,358 |
$9,323,724 |
| 16 |
$17,992,325 |
$6,617,491
$1,586,923 |
$9,787,911 |
| 17 |
$18,891,625 |
$6,950,232
$1,666,241 |
$10,275,152 |
| 18 |
$19,836,350 |
$7,299,780
$1,749,566 |
$10,787,004 |
| 19 |
$20,828,225 |
$7,666,774
$1,837,049 |
$11,324,402 |
| 20 |
$21,869,550 |
$8,052,064
$1,928,894 |
$11,888,592 |
| 21 |
$22,963,200 |
$8,456,714
$2,025,354 |
$12,481,132 |
| 22 |
$24,111,475 |
$8,881,576
$2,126,632 |
$13,103,267 |
| 23 |
$25,316,675 |
$9,327,500
$2,232,931 |
$13,756,244 |
| 24 |
$26,582,825 |
$9,795,976
$2,344,605 |
$14,442,244 |
| 25 |
$27,911,650 |
$10,287,641
$2,461,808 |
$15,162,201 |
| 26 |
$29,307,750 |
$10,804,198
$2,584,944 |
$15,918,608 |
| 27 |
$30,772,850 |
$11,346,285
$2,714,165 |
$16,712,400 |
| 28 |
$32,311,550 |
$11,915,604
$2,849,879 |
$17,546,067 |
| 29 |
$33,927,300 |
$12,513,431
$2,992,388 |
$18,421,481 |
| 30 |
$35,623,550 |
$13,141,044
$3,141,997 |
$19,340,509 |
|
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