Missouri Lottery

MOLottery 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 Missouri, your state will take 4% 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.

Missouri 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(4%)	$1,972,000
Net Lumpsum Payment	$29,126,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$67,428	$1,034,240
2	$1,770,048	-$615,248 -$70,802	$1,083,998
3	$1,858,528	-$647,986 -$74,341	$1,136,201
4	$1,951,488	-$682,381 -$78,060	$1,191,047
5	$2,049,040	-$718,475 -$81,962	$1,248,603
6	$2,151,520	-$756,393 -$86,061	$1,309,066
7	$2,259,040	-$796,175 -$90,362	$1,372,503
8	$2,372,048	-$837,988 -$94,882	$1,439,178
9	$2,490,656	-$881,873 -$99,626	$1,509,157
10	$2,615,200	-$927,954 -$104,608	$1,582,638
11	$2,745,904	-$976,315 -$109,836	$1,659,753
12	$2,883,216	-$1,027,120 -$115,329	$1,740,767
13	$3,027,360	-$1,080,454 -$121,094	$1,825,812
14	$3,178,784	-$1,136,480 -$127,151	$1,915,153
15	$3,337,712	-$1,195,284 -$133,508	$2,008,920
16	$3,504,592	-$1,257,029 -$140,184	$2,107,379
17	$3,679,760	-$1,321,842 -$147,190	$2,210,728
18	$3,863,776	-$1,389,928 -$154,551	$2,319,297
19	$4,056,976	-$1,461,412 -$162,279	$2,433,285
20	$4,259,808	-$1,536,459 -$170,392	$2,552,957
21	$4,472,832	-$1,615,278 -$178,913	$2,678,641
22	$4,696,496	-$1,698,034 -$187,860	$2,810,602
23	$4,931,248	-$1,784,892 -$197,250	$2,949,106
24	$5,177,872	-$1,876,143 -$207,115	$3,094,614
25	$5,436,704	-$1,971,911 -$217,468	$3,247,325
26	$5,708,640	-$2,072,527 -$228,346	$3,407,767
27	$5,994,016	-$2,178,116 -$239,761	$3,576,139
28	$6,293,728	-$2,289,010 -$251,749	$3,752,969
29	$6,608,448	-$2,405,456 -$264,338	$3,938,654
30	$6,938,848	-$2,527,704 -$277,554	$4,133,590