Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 8, 2025 is estimated to be $166 Million, with a cash option of 75.2 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 Aug 8, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 8, 2025	$166,000,000	$75,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,200,000
Federal Tax(24%)	$18,048,000
Additional Federal Tax	$9,736,330
State Tax(7.25%)	$5,452,000
Net Lumpsum Payment	$41,963,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,498,466	-$884,763 -$181,139	$1,432,564
2	$2,623,464	-$931,012 -$190,201	$1,502,251
3	$2,754,604	-$979,534 -$199,709	$1,575,361
4	$2,892,384	-$1,030,512 -$209,698	$1,652,174
5	$3,036,970	-$1,084,009 -$220,180	$1,732,781
6	$3,188,860	-$1,140,209 -$231,192	$1,817,459
7	$3,348,220	-$1,199,172 -$242,746	$1,906,302
8	$3,515,714	-$1,261,145 -$254,889	$1,999,680
9	$3,691,508	-$1,326,188 -$267,634	$2,097,686
10	$3,876,100	-$1,394,487 -$281,017	$2,200,596
11	$4,069,822	-$1,466,165 -$295,062	$2,308,595
12	$4,273,338	-$1,541,465 -$309,817	$2,422,056
13	$4,486,980	-$1,620,513 -$325,306	$2,541,161
14	$4,711,412	-$1,703,553 -$341,577	$2,666,282
15	$4,946,966	-$1,790,708 -$358,655	$2,797,603
16	$5,194,306	-$1,882,224 -$376,587	$2,935,495
17	$5,453,930	-$1,978,284 -$395,410	$3,080,236
18	$5,726,668	-$2,079,198 -$415,183	$3,232,287
19	$6,013,018	-$2,185,147 -$435,944	$3,391,927
20	$6,313,644	-$2,296,379 -$457,739	$3,559,526
21	$6,629,376	-$2,413,200 -$480,630	$3,735,546
22	$6,960,878	-$2,535,855 -$504,664	$3,920,359
23	$7,308,814	-$2,664,592 -$529,889	$4,114,333
24	$7,674,346	-$2,799,838 -$556,390	$4,318,118
25	$8,057,972	-$2,941,780 -$584,203	$4,531,989
26	$8,461,020	-$3,090,908 -$613,424	$4,756,688
27	$8,883,988	-$3,247,406 -$644,089	$4,992,493
28	$9,328,204	-$3,411,766 -$676,295	$5,240,143
29	$9,794,664	-$3,584,356 -$710,113	$5,500,195
30	$10,284,364	-$3,765,545 -$745,616	$5,773,203