The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 Fri Sep 5, 2025 |
|---|
| Draw Date | Fri Sep 5, 2025 | | Projected Jackpot | $336,000,000 | | Cash Value | $151,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $151,300,000 | | Federal Tax(24%) | $36,312,000 | | Additional Federal Tax | $19,629,330 | | State Tax(8%) | $12,104,000 | | Net Lumpsum Payment | $83,254,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,057,136 |
$1,831,471
$404,571 |
$2,821,094 |
| 2 |
$5,310,144 |
$1,925,084
$424,812 |
$2,960,248 |
| 3 |
$5,575,584 |
$2,023,296
$446,047 |
$3,106,241 |
| 4 |
$5,854,464 |
$2,126,482
$468,357 |
$3,259,625 |
| 5 |
$6,147,120 |
$2,234,765
$491,770 |
$3,420,585 |
| 6 |
$6,454,560 |
$2,348,518
$516,365 |
$3,589,677 |
| 7 |
$6,777,120 |
$2,467,865
$542,170 |
$3,767,085 |
| 8 |
$7,116,144 |
$2,593,304
$569,292 |
$3,953,548 |
| 9 |
$7,471,968 |
$2,724,959
$597,757 |
$4,149,252 |
| 10 |
$7,845,600 |
$2,863,202
$627,648 |
$4,354,750 |
| 11 |
$8,237,712 |
$3,008,284
$659,017 |
$4,570,411 |
| 12 |
$8,649,648 |
$3,160,700
$691,972 |
$4,796,976 |
| 13 |
$9,082,080 |
$3,320,700
$726,566 |
$5,034,814 |
| 14 |
$9,536,352 |
$3,488,781
$762,908 |
$5,284,663 |
| 15 |
$10,013,136 |
$3,665,191
$801,051 |
$5,546,894 |
| 16 |
$10,513,776 |
$3,850,428
$841,102 |
$5,822,246 |
| 17 |
$11,039,280 |
$4,044,864
$883,142 |
$6,111,274 |
| 18 |
$11,591,328 |
$4,249,122
$927,306 |
$6,414,900 |
| 19 |
$12,170,928 |
$4,463,574
$973,674 |
$6,733,680 |
| 20 |
$12,779,424 |
$4,688,717
$1,022,354 |
$7,068,353 |
| 21 |
$13,418,496 |
$4,925,174
$1,073,480 |
$7,419,842 |
| 22 |
$14,089,488 |
$5,173,441
$1,127,159 |
$7,788,888 |
| 23 |
$14,793,744 |
$5,434,016
$1,183,500 |
$8,176,228 |
| 24 |
$15,533,616 |
$5,707,768
$1,242,689 |
$8,583,159 |
| 25 |
$16,310,112 |
$5,995,072
$1,304,809 |
$9,010,231 |
| 26 |
$17,125,920 |
$6,296,921
$1,370,074 |
$9,458,925 |
| 27 |
$17,982,048 |
$6,613,688
$1,438,564 |
$9,929,796 |
| 28 |
$18,881,184 |
$6,946,368
$1,510,495 |
$10,424,321 |
| 29 |
$19,825,344 |
$7,295,708
$1,586,028 |
$10,943,608 |
| 30 |
$20,816,544 |
$7,662,452
$1,665,324 |
$11,488,768 |
|
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