The jackpot for the MEGA Millions draw on Tue Dec 23, 2025, is projected to be $100 Million, with an option for a cash payout of $45.5 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 Dec 23, 2025 |
|---|
| Draw Date | Tue Dec 23, 2025 | | Projected Jackpot | $100,000,000 | | Cash Value | $45,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $45,500,000 | | Federal Tax(24%) | $10,920,000 | | Additional Federal Tax | $5,875,330 | | State Tax(8.82%) | $4,013,100 | | Net Lumpsum Payment | $24,691,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$132,750 |
$855,133 |
| 2 |
$1,580,400 |
$545,078
$139,391 |
$895,931 |
| 3 |
$1,659,400 |
$574,308
$146,359 |
$938,733 |
| 4 |
$1,742,400 |
$605,018
$153,680 |
$983,702 |
| 5 |
$1,829,500 |
$637,245
$161,362 |
$1,030,893 |
| 6 |
$1,921,000 |
$671,100
$169,432 |
$1,080,468 |
| 7 |
$2,017,000 |
$706,620
$177,899 |
$1,132,481 |
| 8 |
$2,117,900 |
$743,953
$186,799 |
$1,187,148 |
| 9 |
$2,223,800 |
$783,136
$196,139 |
$1,244,525 |
| 10 |
$2,335,000 |
$824,280
$205,947 |
$1,304,773 |
| 11 |
$2,451,700 |
$867,459
$216,240 |
$1,368,001 |
| 12 |
$2,574,300 |
$912,821
$227,053 |
$1,434,426 |
| 13 |
$2,703,000 |
$960,440
$238,405 |
$1,504,155 |
| 14 |
$2,838,200 |
$1,010,464
$250,329 |
$1,577,407 |
| 15 |
$2,980,100 |
$1,062,967
$262,845 |
$1,654,288 |
| 16 |
$3,129,100 |
$1,118,097
$275,987 |
$1,735,016 |
| 17 |
$3,285,500 |
$1,175,965
$289,781 |
$1,819,754 |
| 18 |
$3,449,800 |
$1,236,756
$304,272 |
$1,908,772 |
| 19 |
$3,622,300 |
$1,300,581
$319,487 |
$2,002,232 |
| 20 |
$3,803,400 |
$1,367,588
$335,460 |
$2,100,352 |
| 21 |
$3,993,600 |
$1,437,962
$352,236 |
$2,203,402 |
| 22 |
$4,193,300 |
$1,511,851
$369,849 |
$2,311,600 |
| 23 |
$4,402,900 |
$1,589,403
$388,336 |
$2,425,161 |
| 24 |
$4,623,100 |
$1,670,877
$407,757 |
$2,544,466 |
| 25 |
$4,854,200 |
$1,756,384
$428,140 |
$2,669,676 |
| 26 |
$5,097,000 |
$1,846,220
$449,555 |
$2,801,225 |
| 27 |
$5,351,800 |
$1,940,496
$472,029 |
$2,939,275 |
| 28 |
$5,619,400 |
$2,039,508
$495,631 |
$3,084,261 |
| 29 |
$5,900,400 |
$2,143,478
$520,415 |
$3,236,507 |
| 30 |
$6,195,400 |
$2,252,628
$546,434 |
$3,396,338 |
|
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