The jackpot for the MEGA Millions draw on Tue Aug 12, 2025, is projected to be $182 Million, with an option for a cash payout of $82.1 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 Tue Aug 12, 2025 |
|---|
| Draw Date | Tue Aug 12, 2025 | | Projected Jackpot | $182,000,000 | | Cash Value | $82,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,100,000 | | Federal Tax(24%) | $19,704,000 | | Additional Federal Tax | $10,633,330 | | State Tax(8.82%) | $7,241,220 | | Net Lumpsum Payment | $44,521,450 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,739,282 |
$973,865
$241,605 |
$1,523,812 |
| 2 |
$2,876,328 |
$1,024,572
$253,692 |
$1,598,064 |
| 3 |
$3,020,108 |
$1,077,770
$266,374 |
$1,675,964 |
| 4 |
$3,171,168 |
$1,133,663
$279,697 |
$1,757,808 |
| 5 |
$3,329,690 |
$1,192,316
$293,679 |
$1,843,695 |
| 6 |
$3,496,220 |
$1,253,932
$308,367 |
$1,933,921 |
| 7 |
$3,670,940 |
$1,318,578
$323,777 |
$2,028,585 |
| 8 |
$3,854,578 |
$1,386,524
$339,974 |
$2,128,080 |
| 9 |
$4,047,316 |
$1,457,837
$356,973 |
$2,232,506 |
| 10 |
$4,249,700 |
$1,532,719
$374,824 |
$2,342,157 |
| 11 |
$4,462,094 |
$1,611,305
$393,557 |
$2,457,232 |
| 12 |
$4,685,226 |
$1,693,864
$413,237 |
$2,578,125 |
| 13 |
$4,919,460 |
$1,780,531
$433,896 |
$2,705,033 |
| 14 |
$5,165,524 |
$1,871,574
$455,599 |
$2,838,351 |
| 15 |
$5,423,782 |
$1,967,130
$478,378 |
$2,978,274 |
| 16 |
$5,694,962 |
$2,067,466
$502,296 |
$3,125,200 |
| 17 |
$5,979,610 |
$2,172,786
$527,402 |
$3,279,422 |
| 18 |
$6,278,636 |
$2,283,426
$553,776 |
$3,441,434 |
| 19 |
$6,592,586 |
$2,399,587
$581,466 |
$3,611,533 |
| 20 |
$6,922,188 |
$2,521,540
$610,537 |
$3,790,111 |
| 21 |
$7,268,352 |
$2,649,621
$641,069 |
$3,977,662 |
| 22 |
$7,631,806 |
$2,784,099
$673,125 |
$4,174,582 |
| 23 |
$8,013,278 |
$2,925,243
$706,771 |
$4,381,264 |
| 24 |
$8,414,042 |
$3,073,526
$742,119 |
$4,598,397 |
| 25 |
$8,834,644 |
$3,229,149
$779,216 |
$4,826,279 |
| 26 |
$9,276,540 |
$3,392,650
$818,191 |
$5,065,699 |
| 27 |
$9,740,276 |
$3,564,233
$859,092 |
$5,316,951 |
| 28 |
$10,227,308 |
$3,744,434
$902,049 |
$5,580,825 |
| 29 |
$10,738,728 |
$3,933,660
$947,156 |
$5,857,912 |
| 30 |
$11,275,628 |
$4,132,313
$994,510 |
$6,148,805 |
|
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