Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 3, 2025 is estimated to be $202 Million, with a cash option of 90 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 Tue Jun 3, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 3, 2025	$202,000,000	$90,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$90,000,000
Federal Tax(24%)	$21,600,000
Additional Federal Tax	$11,660,330
State Tax(7.25%)	$6,525,000
Net Lumpsum Payment	$50,214,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,040,302	-$1,085,242 -$220,422	$1,734,638
2	$3,192,408	-$1,141,521 -$231,450	$1,819,437
3	$3,351,988	-$1,200,566 -$243,019	$1,908,403
4	$3,519,648	-$1,262,600 -$255,174	$2,001,874
5	$3,695,590	-$1,327,699 -$267,930	$2,099,961
6	$3,880,420	-$1,396,086 -$281,330	$2,203,004
7	$4,074,340	-$1,467,836 -$295,390	$2,311,114
8	$4,278,158	-$1,543,249 -$310,166	$2,424,743
9	$4,492,076	-$1,622,399 -$325,676	$2,544,001
10	$4,716,700	-$1,705,509 -$341,961	$2,669,230
11	$4,952,434	-$1,792,731 -$359,051	$2,800,652
12	$5,200,086	-$1,884,362 -$377,006	$2,938,718
13	$5,460,060	-$1,980,553 -$395,854	$3,083,653
14	$5,733,164	-$2,081,601 -$415,654	$3,235,909
15	$6,019,802	-$2,187,657 -$436,436	$3,395,709
16	$6,320,782	-$2,299,020 -$458,257	$3,563,505
17	$6,636,710	-$2,415,913 -$481,161	$3,739,636
18	$6,968,596	-$2,538,711 -$505,223	$3,924,662
19	$7,317,046	-$2,667,637 -$530,486	$4,118,923
20	$7,682,868	-$2,802,992 -$557,008	$4,322,868
21	$8,067,072	-$2,945,147 -$584,863	$4,537,062
22	$8,470,466	-$3,094,403 -$614,109	$4,761,954
23	$8,893,858	-$3,251,058 -$644,805	$4,997,995
24	$9,338,662	-$3,415,635 -$677,053	$5,245,974
25	$9,805,484	-$3,588,359 -$710,898	$5,506,227
26	$10,295,940	-$3,769,828 -$746,456	$5,779,656
27	$10,810,636	-$3,960,266 -$783,771	$6,066,599
28	$11,351,188	-$4,160,270 -$822,961	$6,367,957
29	$11,918,808	-$4,370,289 -$864,114	$6,684,405
30	$12,514,708	-$4,590,772 -$907,316	$7,016,620