Maine Lottery

MELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 19, 2025 is estimated to be $423 Million, with a cash option of 196.5 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 Maine, 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.

Maine MEGA Millions Jackpot/Cash Option for Fri Sep 19, 2025

Draw Date	Jackpot	Cash Option
Fri Sep 19, 2025	$423,000,000	$196,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$196,500,000
Federal Tax(24%)	$47,160,000
Additional Federal Tax	$25,505,330
State Tax(5%)	$9,825,000
Net Lumpsum Payment	$114,009,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,366,573	-$2,315,962 -$318,329	$3,732,282
2	$6,685,092	-$2,433,814 -$334,255	$3,917,023
3	$7,019,262	-$2,557,457 -$350,963	$4,110,842
4	$7,370,352	-$2,687,361 -$368,518	$4,314,473
5	$7,738,785	-$2,823,681 -$386,939	$4,528,165
6	$8,125,830	-$2,966,887 -$406,292	$4,752,651
7	$8,531,910	-$3,117,137 -$426,596	$4,988,177
8	$8,958,717	-$3,275,056 -$447,936	$5,235,725
9	$9,406,674	-$3,440,800 -$470,334	$5,495,540
10	$9,877,050	-$3,614,839 -$493,853	$5,768,358
11	$10,370,691	-$3,797,486 -$518,535	$6,054,670
12	$10,889,289	-$3,989,367 -$544,464	$6,355,458
13	$11,433,690	-$4,190,796 -$571,685	$6,671,209
14	$12,005,586	-$4,402,397 -$600,279	$7,002,910
15	$12,605,823	-$4,624,485 -$630,291	$7,351,047
16	$13,236,093	-$4,857,685 -$661,805	$7,716,603
17	$13,897,665	-$5,102,466 -$694,883	$8,100,316
18	$14,592,654	-$5,359,612 -$729,633	$8,503,409
19	$15,322,329	-$5,629,592 -$766,116	$8,926,621
20	$16,088,382	-$5,913,032 -$804,419	$9,370,931
21	$16,892,928	-$6,210,714 -$844,646	$9,837,568
22	$17,737,659	-$6,523,264 -$886,883	$10,327,512
23	$18,624,267	-$6,851,309 -$931,213	$10,841,745
24	$19,555,713	-$7,195,944 -$977,786	$11,381,983
25	$20,533,266	-$7,557,639 -$1,026,663	$11,948,964
26	$21,560,310	-$7,937,645 -$1,078,016	$12,544,649
27	$22,638,114	-$8,336,433 -$1,131,906	$13,169,775
28	$23,770,062	-$8,755,253 -$1,188,503	$13,826,306
29	$24,958,692	-$9,195,046 -$1,247,935	$14,515,711
30	$26,206,542	-$9,656,751 -$1,310,327	$15,239,464