The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(8.82%) | $7,938,000 | | Net Lumpsum Payment | $48,801,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$268,155 |
$1,686,905 |
| 2 |
$3,192,408 |
$1,141,521
$281,570 |
$1,769,317 |
| 3 |
$3,351,988 |
$1,200,566
$295,645 |
$1,855,777 |
| 4 |
$3,519,648 |
$1,262,600
$310,433 |
$1,946,615 |
| 5 |
$3,695,590 |
$1,327,699
$325,951 |
$2,041,940 |
| 6 |
$3,880,420 |
$1,396,086
$342,253 |
$2,142,081 |
| 7 |
$4,074,340 |
$1,467,836
$359,357 |
$2,247,147 |
| 8 |
$4,278,158 |
$1,543,249
$377,334 |
$2,357,575 |
| 9 |
$4,492,076 |
$1,622,399
$396,201 |
$2,473,476 |
| 10 |
$4,716,700 |
$1,705,509
$416,013 |
$2,595,178 |
| 11 |
$4,952,434 |
$1,792,731
$436,805 |
$2,722,898 |
| 12 |
$5,200,086 |
$1,884,362
$458,648 |
$2,857,076 |
| 13 |
$5,460,060 |
$1,980,553
$481,577 |
$2,997,930 |
| 14 |
$5,733,164 |
$2,081,601
$505,665 |
$3,145,898 |
| 15 |
$6,019,802 |
$2,187,657
$530,947 |
$3,301,198 |
| 16 |
$6,320,782 |
$2,299,020
$557,493 |
$3,464,269 |
| 17 |
$6,636,710 |
$2,415,913
$585,358 |
$3,635,439 |
| 18 |
$6,968,596 |
$2,538,711
$614,630 |
$3,815,255 |
| 19 |
$7,317,046 |
$2,667,637
$645,363 |
$4,004,046 |
| 20 |
$7,682,868 |
$2,802,992
$677,629 |
$4,202,247 |
| 21 |
$8,067,072 |
$2,945,147
$711,516 |
$4,410,409 |
| 22 |
$8,470,466 |
$3,094,403
$747,095 |
$4,628,968 |
| 23 |
$8,893,858 |
$3,251,058
$784,438 |
$4,858,362 |
| 24 |
$9,338,662 |
$3,415,635
$823,670 |
$5,099,357 |
| 25 |
$9,805,484 |
$3,588,359
$864,844 |
$5,352,281 |
| 26 |
$10,295,940 |
$3,769,828
$908,102 |
$5,618,010 |
| 27 |
$10,810,636 |
$3,960,266
$953,498 |
$5,896,872 |
| 28 |
$11,351,188 |
$4,160,270
$1,001,175 |
$6,189,743 |
| 29 |
$11,918,808 |
$4,370,289
$1,051,239 |
$6,497,280 |
| 30 |
$12,514,708 |
$4,590,772
$1,103,797 |
$6,820,139 |
|
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