Minnesota Lottery

MNLottery 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 Minnesota, your state will take 7.25% 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.

Minnesota 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(7.25%)	$19,183,500
Net Lumpsum Payment	$147,554,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$627,439	$4,864,455
2	$9,087,300	-$3,322,631 -$658,829	$5,105,840
3	$9,541,550	-$3,490,704 -$691,762	$5,359,084
4	$10,018,800	-$3,667,286 -$726,363	$5,625,151
5	$10,519,625	-$3,852,592 -$762,673	$5,904,360
6	$11,045,750	-$4,047,258 -$800,817	$6,197,675
7	$11,597,750	-$4,251,498 -$840,837	$6,505,415
8	$12,177,925	-$4,466,163 -$882,900	$6,828,862
9	$12,786,850	-$4,691,465 -$927,047	$7,168,338
10	$13,426,250	-$4,928,043 -$973,403	$7,524,804
11	$14,097,275	-$5,176,322 -$1,022,052	$7,898,901
12	$14,802,225	-$5,437,154 -$1,073,161	$8,291,910
13	$15,542,250	-$5,710,963 -$1,126,813	$8,704,474
14	$16,319,650	-$5,998,601 -$1,183,175	$9,137,874
15	$17,135,575	-$6,300,493 -$1,242,329	$9,592,753
16	$17,992,325	-$6,617,491 -$1,304,444	$10,070,390
17	$18,891,625	-$6,950,232 -$1,369,643	$10,571,750
18	$19,836,350	-$7,299,780 -$1,438,135	$11,098,435
19	$20,828,225	-$7,666,774 -$1,510,046	$11,651,405
20	$21,869,550	-$8,052,064 -$1,585,542	$12,231,944
21	$22,963,200	-$8,456,714 -$1,664,832	$12,841,654
22	$24,111,475	-$8,881,576 -$1,748,082	$13,481,817
23	$25,316,675	-$9,327,500 -$1,835,459	$14,153,716
24	$26,582,825	-$9,795,976 -$1,927,255	$14,859,594
25	$27,911,650	-$10,287,641 -$2,023,595	$15,600,414
26	$29,307,750	-$10,804,198 -$2,124,812	$16,378,740
27	$30,772,850	-$11,346,285 -$2,231,032	$17,195,533
28	$32,311,550	-$11,915,604 -$2,342,587	$18,053,359
29	$33,927,300	-$12,513,431 -$2,459,729	$18,954,140
30	$35,623,550	-$13,141,044 -$2,582,707	$19,899,799