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 York residents, the state will deduct 8.82% from your lottery earnings.
| New York 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(8.82%) | $24,449,040 | | Net Lumpsum Payment | $150,226,630 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$796,499 |
$4,932,449 |
| 2 |
$9,482,400 |
$3,468,818
$836,348 |
$5,177,234 |
| 3 |
$9,956,400 |
$3,644,198
$878,154 |
$5,434,048 |
| 4 |
$10,454,400 |
$3,828,458
$922,078 |
$5,703,864 |
| 5 |
$10,977,000 |
$4,021,820
$968,171 |
$5,987,009 |
| 6 |
$11,526,000 |
$4,224,950
$1,016,593 |
$6,284,457 |
| 7 |
$12,102,000 |
$4,438,070
$1,067,396 |
$6,596,534 |
| 8 |
$12,707,400 |
$4,662,068
$1,120,793 |
$6,924,539 |
| 9 |
$13,342,800 |
$4,897,166
$1,176,835 |
$7,268,799 |
| 10 |
$14,010,000 |
$5,144,030
$1,235,682 |
$7,630,288 |
| 11 |
$14,710,200 |
$5,403,104
$1,297,440 |
$8,009,656 |
| 12 |
$15,445,800 |
$5,675,276
$1,362,320 |
$8,408,204 |
| 13 |
$16,218,000 |
$5,960,990
$1,430,428 |
$8,826,582 |
| 14 |
$17,029,200 |
$6,261,134
$1,501,975 |
$9,266,091 |
| 15 |
$17,880,600 |
$6,576,152
$1,577,069 |
$9,727,379 |
| 16 |
$18,774,600 |
$6,906,932
$1,655,920 |
$10,211,748 |
| 17 |
$19,713,000 |
$7,254,140
$1,738,687 |
$10,720,173 |
| 18 |
$20,698,800 |
$7,618,886
$1,825,634 |
$11,254,280 |
| 19 |
$21,733,800 |
$8,001,836
$1,916,921 |
$11,815,043 |
| 20 |
$22,820,400 |
$8,403,878
$2,012,759 |
$12,403,763 |
| 21 |
$23,961,600 |
$8,826,122
$2,113,413 |
$13,022,065 |
| 22 |
$25,159,800 |
$9,269,456
$2,219,094 |
$13,671,250 |
| 23 |
$26,417,400 |
$9,734,768
$2,330,015 |
$14,352,617 |
| 24 |
$27,738,600 |
$10,223,612
$2,446,545 |
$15,068,443 |
| 25 |
$29,125,200 |
$10,736,654
$2,568,843 |
$15,819,703 |
| 26 |
$30,582,000 |
$11,275,670
$2,697,332 |
$16,608,998 |
| 27 |
$32,110,800 |
$11,841,326
$2,832,173 |
$17,437,301 |
| 28 |
$33,716,400 |
$12,435,398
$2,973,786 |
$18,307,216 |
| 29 |
$35,402,400 |
$13,059,218
$3,122,492 |
$19,220,690 |
| 30 |
$37,172,400 |
$13,714,118
$3,278,606 |
$20,179,676 |
|
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