Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 31, 2025 is estimated to be $754 Million, with a cash option of 352.8 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 Fri Oct 31, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 31, 2025	$754,000,000	$352,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$352,800,000
Federal Tax(24%)	$84,672,000
Additional Federal Tax	$45,824,330
State Tax(5%)	$17,640,000
Net Lumpsum Payment	$204,663,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,348,454	-$4,159,258 -$567,423	$6,621,773
2	$11,916,216	-$4,369,330 -$595,811	$6,951,075
3	$12,511,876	-$4,589,725 -$625,594	$7,296,557
4	$13,137,696	-$4,821,278 -$656,885	$7,659,533
5	$13,794,430	-$5,064,269 -$689,722	$8,040,439
6	$14,484,340	-$5,319,536 -$724,217	$8,440,587
7	$15,208,180	-$5,587,357 -$760,409	$8,860,414
8	$15,968,966	-$5,868,848 -$798,448	$9,301,670
9	$16,767,452	-$6,164,288 -$838,373	$9,764,791
10	$17,605,900	-$6,474,513 -$880,295	$10,251,092
11	$18,485,818	-$6,800,083 -$924,291	$10,761,444
12	$19,410,222	-$7,142,113 -$970,511	$11,297,598
13	$20,380,620	-$7,501,160 -$1,019,031	$11,860,429
14	$21,400,028	-$7,878,341 -$1,070,001	$12,451,686
15	$22,469,954	-$8,274,213 -$1,123,498	$13,072,243
16	$23,593,414	-$8,689,894 -$1,179,671	$13,723,849
17	$24,772,670	-$9,126,218 -$1,238,634	$14,407,818
18	$26,011,492	-$9,584,582 -$1,300,575	$15,126,335
19	$27,312,142	-$10,065,823 -$1,365,607	$15,880,712
20	$28,677,636	-$10,571,056 -$1,433,882	$16,672,698
21	$30,111,744	-$11,101,676 -$1,505,587	$17,504,481
22	$31,617,482	-$11,658,799 -$1,580,874	$18,377,809
23	$33,197,866	-$12,243,541 -$1,659,893	$19,294,432
24	$34,858,174	-$12,857,855 -$1,742,909	$20,257,410
25	$36,600,668	-$13,502,578 -$1,830,033	$21,268,057
26	$38,431,380	-$14,179,941 -$1,921,569	$22,329,870
27	$40,352,572	-$14,890,782 -$2,017,629	$23,444,161
28	$42,370,276	-$15,637,333 -$2,118,514	$24,614,429
29	$44,489,016	-$16,421,266 -$2,224,451	$25,843,299
30	$46,713,316	-$17,244,257 -$2,335,666	$27,133,393