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 York residents, the state will deduct 8.82% from your lottery earnings.
| New York 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(8.82%) | $34,547,940 | | Net Lumpsum Payment | $212,262,730 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$1,119,081 |
$6,914,024 |
| 2 |
$13,322,772 |
$4,889,756
$1,175,068 |
$7,257,948 |
| 3 |
$13,988,742 |
$5,136,165
$1,233,807 |
$7,618,770 |
| 4 |
$14,688,432 |
$5,395,050
$1,295,520 |
$7,997,862 |
| 5 |
$15,422,685 |
$5,666,724
$1,360,281 |
$8,395,680 |
| 6 |
$16,194,030 |
$5,952,121
$1,428,313 |
$8,813,596 |
| 7 |
$17,003,310 |
$6,251,555
$1,499,692 |
$9,252,063 |
| 8 |
$17,853,897 |
$6,566,272
$1,574,714 |
$9,712,911 |
| 9 |
$18,746,634 |
$6,896,585
$1,653,453 |
$10,196,596 |
| 10 |
$19,684,050 |
$7,243,429
$1,736,133 |
$10,704,488 |
| 11 |
$20,667,831 |
$7,607,428
$1,822,903 |
$11,237,500 |
| 12 |
$21,701,349 |
$7,989,830
$1,914,059 |
$11,797,460 |
| 13 |
$22,786,290 |
$8,391,258
$2,009,751 |
$12,385,281 |
| 14 |
$23,926,026 |
$8,812,960
$2,110,275 |
$13,002,791 |
| 15 |
$25,122,243 |
$9,255,560
$2,215,782 |
$13,650,901 |
| 16 |
$26,378,313 |
$9,720,306
$2,326,567 |
$14,331,440 |
| 17 |
$27,696,765 |
$10,208,133
$2,442,855 |
$15,045,777 |
| 18 |
$29,081,814 |
$10,720,602
$2,565,016 |
$15,796,196 |
| 19 |
$30,535,989 |
$11,258,646
$2,693,274 |
$16,584,069 |
| 20 |
$32,062,662 |
$11,823,515
$2,827,927 |
$17,411,220 |
| 21 |
$33,666,048 |
$12,416,768
$2,969,345 |
$18,279,935 |
| 22 |
$35,349,519 |
$13,039,652
$3,117,828 |
$19,192,039 |
| 23 |
$37,116,447 |
$13,693,416
$3,273,671 |
$20,149,360 |
| 24 |
$38,972,733 |
$14,380,242
$3,437,395 |
$21,155,096 |
| 25 |
$40,920,906 |
$15,101,066
$3,609,224 |
$22,210,616 |
| 26 |
$42,967,710 |
$15,858,383
$3,789,752 |
$23,319,575 |
| 27 |
$45,115,674 |
$16,653,130
$3,979,202 |
$24,483,342 |
| 28 |
$47,371,542 |
$17,487,801
$4,178,170 |
$25,705,571 |
| 29 |
$49,740,372 |
$18,364,268
$4,387,101 |
$26,989,003 |
| 30 |
$52,227,222 |
$19,284,403
$4,606,441 |
$28,336,378 |
|
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