Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Tue Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(7.25%)	$2,624,500
Net Lumpsum Payment	$20,221,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$87,296	$710,944
2	$1,264,320	-$428,129 -$91,663	$744,528
3	$1,327,520	-$451,513 -$96,245	$779,762
4	$1,393,920	-$476,081 -$101,059	$816,780
5	$1,463,600	-$501,862 -$106,111	$855,627
6	$1,536,800	-$528,946 -$111,418	$896,436
7	$1,613,600	-$557,362 -$116,986	$939,252
8	$1,694,320	-$587,229 -$122,838	$984,253
9	$1,779,040	-$618,575 -$128,980	$1,031,485
10	$1,868,000	-$651,490 -$135,430	$1,081,080
11	$1,961,360	-$686,034 -$142,199	$1,133,127
12	$2,059,440	-$722,323 -$149,309	$1,187,808
13	$2,162,400	-$760,418 -$156,774	$1,245,208
14	$2,270,560	-$800,438 -$164,616	$1,305,506
15	$2,384,080	-$842,440 -$172,846	$1,368,794
16	$2,503,280	-$886,544 -$181,488	$1,435,248
17	$2,628,400	-$932,838 -$190,559	$1,505,003
18	$2,759,840	-$981,471 -$200,088	$1,578,281
19	$2,897,840	-$1,032,531 -$210,093	$1,655,216
20	$3,042,720	-$1,086,137 -$220,597	$1,735,986
21	$3,194,880	-$1,142,436 -$231,629	$1,820,815
22	$3,354,640	-$1,201,547 -$243,211	$1,909,882
23	$3,522,320	-$1,263,589 -$255,368	$2,003,363
24	$3,698,480	-$1,328,768 -$268,140	$2,101,572
25	$3,883,360	-$1,397,174 -$281,544	$2,204,642
26	$4,077,600	-$1,469,042 -$295,626	$2,312,932
27	$4,281,440	-$1,544,463 -$310,404	$2,426,573
28	$4,495,520	-$1,623,673 -$325,925	$2,545,922
29	$4,720,320	-$1,706,849 -$342,223	$2,671,248
30	$4,956,320	-$1,794,169 -$359,333	$2,802,818