Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 9, 2025 is estimated to be $358 Million, with a cash option of 164.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts MEGA Millions Jackpot/Cash Option for Tue Sep 9, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 9, 2025	$358,000,000	$164,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$164,500,000
Federal Tax(24%)	$39,480,000
Additional Federal Tax	$21,345,330
State Tax(5%)	$8,225,000
Net Lumpsum Payment	$95,449,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,388,258	-$1,953,986 -$269,413	$3,164,859
2	$5,657,832	-$2,053,728 -$282,892	$3,321,212
3	$5,940,652	-$2,158,372 -$297,033	$3,485,247
4	$6,237,792	-$2,268,313 -$311,890	$3,657,589
5	$6,549,610	-$2,383,686 -$327,481	$3,838,443
6	$6,877,180	-$2,504,887 -$343,859	$4,028,434
7	$7,220,860	-$2,632,049 -$361,043	$4,227,768
8	$7,582,082	-$2,765,701 -$379,104	$4,437,277
9	$7,961,204	-$2,905,976 -$398,060	$4,657,168
10	$8,359,300	-$3,053,271 -$417,965	$4,888,064
11	$8,777,086	-$3,207,852 -$438,854	$5,130,380
12	$9,215,994	-$3,370,248 -$460,800	$5,384,946
13	$9,676,740	-$3,540,724 -$483,837	$5,652,179
14	$10,160,756	-$3,719,810 -$508,038	$5,932,908
15	$10,668,758	-$3,907,771 -$533,438	$6,227,549
16	$11,202,178	-$4,105,136 -$560,109	$6,536,933
17	$11,762,090	-$4,312,304 -$588,105	$6,861,681
18	$12,350,284	-$4,529,935 -$617,514	$7,202,835
19	$12,967,834	-$4,758,429 -$648,392	$7,561,013
20	$13,616,172	-$4,998,314 -$680,809	$7,937,049
21	$14,297,088	-$5,250,253 -$714,854	$8,331,981
22	$15,012,014	-$5,514,776 -$750,601	$8,746,637
23	$15,762,382	-$5,792,412 -$788,119	$9,181,851
24	$16,550,698	-$6,084,089 -$827,535	$9,639,074
25	$17,378,036	-$6,390,204 -$868,902	$10,118,930
26	$18,247,260	-$6,711,817 -$912,363	$10,623,080
27	$19,159,444	-$7,049,325 -$957,972	$11,152,147
28	$20,117,452	-$7,403,788 -$1,005,873	$11,707,791
29	$21,123,432	-$7,776,000 -$1,056,172	$12,291,260
30	$22,179,532	-$8,166,757 -$1,108,977	$12,903,798