Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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 Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(7.25%)	$3,574,250
Net Lumpsum Payment	$27,524,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$122,214	$979,454
2	$1,770,048	-$615,248 -$128,328	$1,026,472
3	$1,858,528	-$647,986 -$134,743	$1,075,799
4	$1,951,488	-$682,381 -$141,483	$1,127,624
5	$2,049,040	-$718,475 -$148,555	$1,182,010
6	$2,151,520	-$756,393 -$155,985	$1,239,142
7	$2,259,040	-$796,175 -$163,780	$1,299,085
8	$2,372,048	-$837,988 -$171,973	$1,362,087
9	$2,490,656	-$881,873 -$180,573	$1,428,210
10	$2,615,200	-$927,954 -$189,602	$1,497,644
11	$2,745,904	-$976,315 -$199,078	$1,570,511
12	$2,883,216	-$1,027,120 -$209,033	$1,647,063
13	$3,027,360	-$1,080,454 -$219,484	$1,727,422
14	$3,178,784	-$1,136,480 -$230,462	$1,811,842
15	$3,337,712	-$1,195,284 -$241,984	$1,900,444
16	$3,504,592	-$1,257,029 -$254,083	$1,993,480
17	$3,679,760	-$1,321,842 -$266,783	$2,091,135
18	$3,863,776	-$1,389,928 -$280,124	$2,193,724
19	$4,056,976	-$1,461,412 -$294,131	$2,301,433
20	$4,259,808	-$1,536,459 -$308,836	$2,414,513
21	$4,472,832	-$1,615,278 -$324,280	$2,533,274
22	$4,696,496	-$1,698,034 -$340,496	$2,657,966
23	$4,931,248	-$1,784,892 -$357,515	$2,788,841
24	$5,177,872	-$1,876,143 -$375,396	$2,926,333
25	$5,436,704	-$1,971,911 -$394,161	$3,070,632
26	$5,708,640	-$2,072,527 -$413,876	$3,222,237
27	$5,994,016	-$2,178,116 -$434,566	$3,381,334
28	$6,293,728	-$2,289,010 -$456,295	$3,548,423
29	$6,608,448	-$2,405,456 -$479,112	$3,723,880
30	$6,938,848	-$2,527,704 -$503,066	$3,908,078