The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(8%) | $22,176,000 | | Net Lumpsum Payment | $152,499,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$722,448 |
$5,006,500 |
| 2 |
$9,482,400 |
$3,468,818
$758,592 |
$5,254,990 |
| 3 |
$9,956,400 |
$3,644,198
$796,512 |
$5,515,690 |
| 4 |
$10,454,400 |
$3,828,458
$836,352 |
$5,789,590 |
| 5 |
$10,977,000 |
$4,021,820
$878,160 |
$6,077,020 |
| 6 |
$11,526,000 |
$4,224,950
$922,080 |
$6,378,970 |
| 7 |
$12,102,000 |
$4,438,070
$968,160 |
$6,695,770 |
| 8 |
$12,707,400 |
$4,662,068
$1,016,592 |
$7,028,740 |
| 9 |
$13,342,800 |
$4,897,166
$1,067,424 |
$7,378,210 |
| 10 |
$14,010,000 |
$5,144,030
$1,120,800 |
$7,745,170 |
| 11 |
$14,710,200 |
$5,403,104
$1,176,816 |
$8,130,280 |
| 12 |
$15,445,800 |
$5,675,276
$1,235,664 |
$8,534,860 |
| 13 |
$16,218,000 |
$5,960,990
$1,297,440 |
$8,959,570 |
| 14 |
$17,029,200 |
$6,261,134
$1,362,336 |
$9,405,730 |
| 15 |
$17,880,600 |
$6,576,152
$1,430,448 |
$9,874,000 |
| 16 |
$18,774,600 |
$6,906,932
$1,501,968 |
$10,365,700 |
| 17 |
$19,713,000 |
$7,254,140
$1,577,040 |
$10,881,820 |
| 18 |
$20,698,800 |
$7,618,886
$1,655,904 |
$11,424,010 |
| 19 |
$21,733,800 |
$8,001,836
$1,738,704 |
$11,993,260 |
| 20 |
$22,820,400 |
$8,403,878
$1,825,632 |
$12,590,890 |
| 21 |
$23,961,600 |
$8,826,122
$1,916,928 |
$13,218,550 |
| 22 |
$25,159,800 |
$9,269,456
$2,012,784 |
$13,877,560 |
| 23 |
$26,417,400 |
$9,734,768
$2,113,392 |
$14,569,240 |
| 24 |
$27,738,600 |
$10,223,612
$2,219,088 |
$15,295,900 |
| 25 |
$29,125,200 |
$10,736,654
$2,330,016 |
$16,058,530 |
| 26 |
$30,582,000 |
$11,275,670
$2,446,560 |
$16,859,770 |
| 27 |
$32,110,800 |
$11,841,326
$2,568,864 |
$17,700,610 |
| 28 |
$33,716,400 |
$12,435,398
$2,697,312 |
$18,583,690 |
| 29 |
$35,402,400 |
$13,059,218
$2,832,192 |
$19,510,990 |
| 30 |
$37,172,400 |
$13,714,118
$2,973,792 |
$20,484,490 |
|
|
