The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(8.82%) | $17,331,300 | | Net Lumpsum Payment | $106,503,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$561,532 |
$3,489,079 |
| 2 |
$6,685,092 |
$2,433,814
$589,625 |
$3,661,653 |
| 3 |
$7,019,262 |
$2,557,457
$619,099 |
$3,842,706 |
| 4 |
$7,370,352 |
$2,687,361
$650,065 |
$4,032,926 |
| 5 |
$7,738,785 |
$2,823,681
$682,561 |
$4,232,543 |
| 6 |
$8,125,830 |
$2,966,887
$716,698 |
$4,442,245 |
| 7 |
$8,531,910 |
$3,117,137
$752,514 |
$4,662,259 |
| 8 |
$8,958,717 |
$3,275,056
$790,159 |
$4,893,502 |
| 9 |
$9,406,674 |
$3,440,800
$829,669 |
$5,136,205 |
| 10 |
$9,877,050 |
$3,614,839
$871,156 |
$5,391,055 |
| 11 |
$10,370,691 |
$3,797,486
$914,695 |
$5,658,510 |
| 12 |
$10,889,289 |
$3,989,367
$960,435 |
$5,939,487 |
| 13 |
$11,433,690 |
$4,190,796
$1,008,451 |
$6,234,443 |
| 14 |
$12,005,586 |
$4,402,397
$1,058,893 |
$6,544,296 |
| 15 |
$12,605,823 |
$4,624,485
$1,111,834 |
$6,869,504 |
| 16 |
$13,236,093 |
$4,857,685
$1,167,423 |
$7,210,985 |
| 17 |
$13,897,665 |
$5,102,466
$1,225,774 |
$7,569,425 |
| 18 |
$14,592,654 |
$5,359,612
$1,287,072 |
$7,945,970 |
| 19 |
$15,322,329 |
$5,629,592
$1,351,429 |
$8,341,308 |
| 20 |
$16,088,382 |
$5,913,032
$1,418,995 |
$8,756,355 |
| 21 |
$16,892,928 |
$6,210,714
$1,489,956 |
$9,192,258 |
| 22 |
$17,737,659 |
$6,523,264
$1,564,462 |
$9,649,933 |
| 23 |
$18,624,267 |
$6,851,309
$1,642,660 |
$10,130,298 |
| 24 |
$19,555,713 |
$7,195,944
$1,724,814 |
$10,634,955 |
| 25 |
$20,533,266 |
$7,557,639
$1,811,034 |
$11,164,593 |
| 26 |
$21,560,310 |
$7,937,645
$1,901,619 |
$11,721,046 |
| 27 |
$22,638,114 |
$8,336,433
$1,996,682 |
$12,304,999 |
| 28 |
$23,770,062 |
$8,755,253
$2,096,519 |
$12,918,290 |
| 29 |
$24,958,692 |
$9,195,046
$2,201,357 |
$13,562,289 |
| 30 |
$26,206,542 |
$9,656,751
$2,311,417 |
$14,238,374 |
|
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