The jackpot for the MEGA Millions draw on Tue Nov 11, 2025, is projected to be $900 Million, with an option for a cash payout of $415.3 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 Tue Nov 11, 2025 |
|---|
| Draw Date | Tue Nov 11, 2025 | | Projected Jackpot | $900,000,000 | | Cash Value | $415,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $415,300,000 | | Federal Tax(24%) | $99,672,000 | | Additional Federal Tax | $53,949,330 | | State Tax(8%) | $33,224,000 | | Net Lumpsum Payment | $228,454,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,545,900 |
$4,972,313
$1,083,672 |
$7,489,915 |
| 2 |
$14,223,600 |
$5,223,062
$1,137,888 |
$7,862,650 |
| 3 |
$14,934,600 |
$5,486,132
$1,194,768 |
$8,253,700 |
| 4 |
$15,681,600 |
$5,762,522
$1,254,528 |
$8,664,550 |
| 5 |
$16,465,500 |
$6,052,565
$1,317,240 |
$9,095,695 |
| 6 |
$17,289,000 |
$6,357,260
$1,383,120 |
$9,548,620 |
| 7 |
$18,153,000 |
$6,676,940
$1,452,240 |
$10,023,820 |
| 8 |
$19,061,100 |
$7,012,937
$1,524,888 |
$10,523,275 |
| 9 |
$20,014,200 |
$7,365,584
$1,601,136 |
$11,047,480 |
| 10 |
$21,015,000 |
$7,735,880
$1,681,200 |
$11,597,920 |
| 11 |
$22,065,300 |
$8,124,491
$1,765,224 |
$12,175,585 |
| 12 |
$23,168,700 |
$8,532,749
$1,853,496 |
$12,782,455 |
| 13 |
$24,327,000 |
$8,961,320
$1,946,160 |
$13,419,520 |
| 14 |
$25,543,800 |
$9,411,536
$2,043,504 |
$14,088,760 |
| 15 |
$26,820,900 |
$9,884,063
$2,145,672 |
$14,791,165 |
| 16 |
$28,161,900 |
$10,380,233
$2,252,952 |
$15,528,715 |
| 17 |
$29,569,500 |
$10,901,045
$2,365,560 |
$16,302,895 |
| 18 |
$31,048,200 |
$11,448,164
$2,483,856 |
$17,116,180 |
| 19 |
$32,600,700 |
$12,022,589
$2,608,056 |
$17,970,055 |
| 20 |
$34,230,600 |
$12,625,652
$2,738,448 |
$18,866,500 |
| 21 |
$35,942,400 |
$13,259,018
$2,875,392 |
$19,807,990 |
| 22 |
$37,739,700 |
$13,924,019
$3,019,176 |
$20,796,505 |
| 23 |
$39,626,100 |
$14,621,987
$3,170,088 |
$21,834,025 |
| 24 |
$41,607,900 |
$15,355,253
$3,328,632 |
$22,924,015 |
| 25 |
$43,687,800 |
$16,124,816
$3,495,024 |
$24,067,960 |
| 26 |
$45,873,000 |
$16,933,340
$3,669,840 |
$25,269,820 |
| 27 |
$48,166,200 |
$17,781,824
$3,853,296 |
$26,531,080 |
| 28 |
$50,574,600 |
$18,672,932
$4,045,968 |
$27,855,700 |
| 29 |
$53,103,600 |
$19,608,662
$4,248,288 |
$29,246,650 |
| 30 |
$55,758,600 |
$20,591,012
$4,460,688 |
$30,706,900 |
|
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