Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 18, 2025 is estimated to be $50 Million, with a cash option of 22.1 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 Jul 18, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 18, 2025	$50,000,000	$22,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,100,000
Federal Tax(24%)	$5,304,000
Additional Federal Tax	$2,833,330
State Tax(7.25%)	$1,602,250
Net Lumpsum Payment	$12,360,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$54,560	$459,216
2	$790,200	-$252,704 -$57,290	$480,206
3	$829,700	-$267,319 -$60,153	$502,228
4	$871,200	-$282,674 -$63,162	$525,364
5	$914,750	-$298,788 -$66,319	$549,643
6	$960,500	-$315,715 -$69,636	$575,149
7	$1,008,500	-$333,475 -$73,116	$601,909
8	$1,058,950	-$352,142 -$76,774	$630,034
9	$1,111,900	-$371,733 -$80,613	$659,554
10	$1,167,500	-$392,305 -$84,644	$690,551
11	$1,225,850	-$413,895 -$88,874	$723,081
12	$1,287,150	-$436,576 -$93,318	$757,256
13	$1,351,500	-$460,385 -$97,984	$793,131
14	$1,419,100	-$485,397 -$102,885	$830,818
15	$1,490,050	-$511,649 -$108,029	$870,372
16	$1,564,550	-$539,214 -$113,430	$911,906
17	$1,642,750	-$568,148 -$119,099	$955,503
18	$1,724,900	-$598,543 -$125,055	$1,001,302
19	$1,811,150	-$630,456 -$131,308	$1,049,386
20	$1,901,700	-$663,959 -$137,873	$1,099,868
21	$1,996,800	-$699,146 -$144,768	$1,152,886
22	$2,096,650	-$736,091 -$152,007	$1,208,552
23	$2,201,450	-$774,867 -$159,605	$1,266,978
24	$2,311,550	-$815,604 -$167,587	$1,328,359
25	$2,427,100	-$858,357 -$175,965	$1,392,778
26	$2,548,500	-$903,275 -$184,766	$1,460,459
27	$2,675,900	-$950,413 -$194,003	$1,531,484
28	$2,809,700	-$999,919 -$203,703	$1,606,078
29	$2,950,200	-$1,051,904 -$213,890	$1,684,406
30	$3,097,700	-$1,106,479 -$224,583	$1,766,638