The jackpot for the MEGA Millions draw on Tue Nov 4, 2025, is projected to be $800 Million, with an option for a cash payout of $371.7 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 those living in California, the bright side is you won't have to pay any state taxes on your lottery prize.
| California MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025 |
|---|
| Draw Date | Tue Nov 4, 2025 | | Projected Jackpot | $800,000,000 | | Cash Value | $371,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $371,700,000 | | Federal Tax(24%) | $89,208,000 | | Additional Federal Tax | $48,281,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $234,210,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$0 |
$7,625,374 |
| 2 |
$12,643,200 |
$4,638,314
$0 |
$8,004,886 |
| 3 |
$13,275,200 |
$4,872,154
$0 |
$8,403,046 |
| 4 |
$13,939,200 |
$5,117,834
$0 |
$8,821,366 |
| 5 |
$14,636,000 |
$5,375,650
$0 |
$9,260,350 |
| 6 |
$15,368,000 |
$5,646,490
$0 |
$9,721,510 |
| 7 |
$16,136,000 |
$5,930,650
$0 |
$10,205,350 |
| 8 |
$16,943,200 |
$6,229,314
$0 |
$10,713,886 |
| 9 |
$17,790,400 |
$6,542,778
$0 |
$11,247,622 |
| 10 |
$18,680,000 |
$6,871,930
$0 |
$11,808,070 |
| 11 |
$19,613,600 |
$7,217,362
$0 |
$12,396,238 |
| 12 |
$20,594,400 |
$7,580,258
$0 |
$13,014,142 |
| 13 |
$21,624,000 |
$7,961,210
$0 |
$13,662,790 |
| 14 |
$22,705,600 |
$8,361,402
$0 |
$14,344,198 |
| 15 |
$23,840,800 |
$8,781,426
$0 |
$15,059,374 |
| 16 |
$25,032,800 |
$9,222,466
$0 |
$15,810,334 |
| 17 |
$26,284,000 |
$9,685,410
$0 |
$16,598,590 |
| 18 |
$27,598,400 |
$10,171,738
$0 |
$17,426,662 |
| 19 |
$28,978,400 |
$10,682,338
$0 |
$18,296,062 |
| 20 |
$30,427,200 |
$11,218,394
$0 |
$19,208,806 |
| 21 |
$31,948,800 |
$11,781,386
$0 |
$20,167,414 |
| 22 |
$33,546,400 |
$12,372,498
$0 |
$21,173,902 |
| 23 |
$35,223,200 |
$12,992,914
$0 |
$22,230,286 |
| 24 |
$36,984,800 |
$13,644,706
$0 |
$23,340,094 |
| 25 |
$38,833,600 |
$14,328,762
$0 |
$24,504,838 |
| 26 |
$40,776,000 |
$15,047,450
$0 |
$25,728,550 |
| 27 |
$42,814,400 |
$15,801,658
$0 |
$27,012,742 |
| 28 |
$44,955,200 |
$16,593,754
$0 |
$28,361,446 |
| 29 |
$47,203,200 |
$17,425,514
$0 |
$29,777,686 |
| 30 |
$49,563,200 |
$18,298,714
$0 |
$31,264,486 |
|
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