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 New Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey 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(8%) | $29,736,000 | | Net Lumpsum Payment | $204,474,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$963,264 |
$6,662,110 |
| 2 |
$12,643,200 |
$4,638,314
$1,011,456 |
$6,993,430 |
| 3 |
$13,275,200 |
$4,872,154
$1,062,016 |
$7,341,030 |
| 4 |
$13,939,200 |
$5,117,834
$1,115,136 |
$7,706,230 |
| 5 |
$14,636,000 |
$5,375,650
$1,170,880 |
$8,089,470 |
| 6 |
$15,368,000 |
$5,646,490
$1,229,440 |
$8,492,070 |
| 7 |
$16,136,000 |
$5,930,650
$1,290,880 |
$8,914,470 |
| 8 |
$16,943,200 |
$6,229,314
$1,355,456 |
$9,358,430 |
| 9 |
$17,790,400 |
$6,542,778
$1,423,232 |
$9,824,390 |
| 10 |
$18,680,000 |
$6,871,930
$1,494,400 |
$10,313,670 |
| 11 |
$19,613,600 |
$7,217,362
$1,569,088 |
$10,827,150 |
| 12 |
$20,594,400 |
$7,580,258
$1,647,552 |
$11,366,590 |
| 13 |
$21,624,000 |
$7,961,210
$1,729,920 |
$11,932,870 |
| 14 |
$22,705,600 |
$8,361,402
$1,816,448 |
$12,527,750 |
| 15 |
$23,840,800 |
$8,781,426
$1,907,264 |
$13,152,110 |
| 16 |
$25,032,800 |
$9,222,466
$2,002,624 |
$13,807,710 |
| 17 |
$26,284,000 |
$9,685,410
$2,102,720 |
$14,495,870 |
| 18 |
$27,598,400 |
$10,171,738
$2,207,872 |
$15,218,790 |
| 19 |
$28,978,400 |
$10,682,338
$2,318,272 |
$15,977,790 |
| 20 |
$30,427,200 |
$11,218,394
$2,434,176 |
$16,774,630 |
| 21 |
$31,948,800 |
$11,781,386
$2,555,904 |
$17,611,510 |
| 22 |
$33,546,400 |
$12,372,498
$2,683,712 |
$18,490,190 |
| 23 |
$35,223,200 |
$12,992,914
$2,817,856 |
$19,412,430 |
| 24 |
$36,984,800 |
$13,644,706
$2,958,784 |
$20,381,310 |
| 25 |
$38,833,600 |
$14,328,762
$3,106,688 |
$21,398,150 |
| 26 |
$40,776,000 |
$15,047,450
$3,262,080 |
$22,466,470 |
| 27 |
$42,814,400 |
$15,801,658
$3,425,152 |
$23,587,590 |
| 28 |
$44,955,200 |
$16,593,754
$3,596,416 |
$24,765,030 |
| 29 |
$47,203,200 |
$17,425,514
$3,776,256 |
$26,001,430 |
| 30 |
$49,563,200 |
$18,298,714
$3,965,056 |
$27,299,430 |
|
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