Maine Lottery

MELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 10, 2025 is estimated to be $575 Million, with a cash option of 264.6 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 Oct 10, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 10, 2025	$575,000,000	$264,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$264,600,000
Federal Tax(24%)	$63,504,000
Additional Federal Tax	$34,358,330
State Tax(5%)	$13,230,000
Net Lumpsum Payment	$153,507,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$432,716	$5,059,178
2	$9,087,300	-$3,322,631 -$454,365	$5,310,304
3	$9,541,550	-$3,490,704 -$477,078	$5,573,768
4	$10,018,800	-$3,667,286 -$500,940	$5,850,574
5	$10,519,625	-$3,852,592 -$525,981	$6,141,052
6	$11,045,750	-$4,047,258 -$552,288	$6,446,204
7	$11,597,750	-$4,251,498 -$579,888	$6,766,364
8	$12,177,925	-$4,466,163 -$608,896	$7,102,866
9	$12,786,850	-$4,691,465 -$639,343	$7,456,042
10	$13,426,250	-$4,928,043 -$671,313	$7,826,894
11	$14,097,275	-$5,176,322 -$704,864	$8,216,089
12	$14,802,225	-$5,437,154 -$740,111	$8,624,960
13	$15,542,250	-$5,710,963 -$777,113	$9,054,174
14	$16,319,650	-$5,998,601 -$815,983	$9,505,066
15	$17,135,575	-$6,300,493 -$856,779	$9,978,303
16	$17,992,325	-$6,617,491 -$899,616	$10,475,218
17	$18,891,625	-$6,950,232 -$944,581	$10,996,812
18	$19,836,350	-$7,299,780 -$991,818	$11,544,752
19	$20,828,225	-$7,666,774 -$1,041,411	$12,120,040
20	$21,869,550	-$8,052,064 -$1,093,478	$12,724,008
21	$22,963,200	-$8,456,714 -$1,148,160	$13,358,326
22	$24,111,475	-$8,881,576 -$1,205,574	$14,024,325
23	$25,316,675	-$9,327,500 -$1,265,834	$14,723,341
24	$26,582,825	-$9,795,976 -$1,329,141	$15,457,708
25	$27,911,650	-$10,287,641 -$1,395,583	$16,228,426
26	$29,307,750	-$10,804,198 -$1,465,388	$17,038,164
27	$30,772,850	-$11,346,285 -$1,538,643	$17,887,922
28	$32,311,550	-$11,915,604 -$1,615,578	$18,780,368
29	$33,927,300	-$12,513,431 -$1,696,365	$19,717,504
30	$35,623,550	-$13,141,044 -$1,781,178	$20,701,328