Missouri Lottery

MOLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 29, 2025 is estimated to be $130 Million, with a cash option of 57.5 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 Tue Jul 29, 2025

Draw Date	Jackpot	Cash Option
Tue Jul 29, 2025	$130,000,000	$57,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$57,500,000
Federal Tax(24%)	$13,800,000
Additional Federal Tax	$7,435,330
State Tax(4%)	$2,300,000
Net Lumpsum Payment	$33,964,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$78,265	$1,194,082
2	$2,054,520	-$720,503 -$82,181	$1,251,836
3	$2,157,220	-$758,502 -$86,289	$1,312,429
4	$2,265,120	-$798,425 -$90,605	$1,376,090
5	$2,378,350	-$840,320 -$95,134	$1,442,896
6	$2,497,300	-$884,331 -$99,892	$1,513,077
7	$2,622,100	-$930,507 -$104,884	$1,586,709
8	$2,753,270	-$979,040 -$110,131	$1,664,099
9	$2,890,940	-$1,029,978 -$115,638	$1,745,324
10	$3,035,500	-$1,083,465 -$121,420	$1,830,615
11	$3,187,210	-$1,139,598 -$127,488	$1,920,124
12	$3,346,590	-$1,198,569 -$133,864	$2,014,157
13	$3,513,900	-$1,260,473 -$140,556	$2,112,871
14	$3,689,660	-$1,325,505 -$147,586	$2,216,569
15	$3,874,130	-$1,393,758 -$154,965	$2,325,407
16	$4,067,830	-$1,465,427 -$162,713	$2,439,690
17	$4,271,150	-$1,540,656 -$170,846	$2,559,648
18	$4,484,740	-$1,619,684 -$179,390	$2,685,666
19	$4,708,990	-$1,702,657 -$188,360	$2,817,973
20	$4,944,420	-$1,789,766 -$197,777	$2,956,877
21	$5,191,680	-$1,881,252 -$207,667	$3,102,761
22	$5,451,290	-$1,977,308 -$218,052	$3,255,930
23	$5,723,770	-$2,078,125 -$228,951	$3,416,694
24	$6,010,030	-$2,184,041 -$240,401	$3,585,588
25	$6,310,460	-$2,295,201 -$252,418	$3,762,841
26	$6,626,100	-$2,411,987 -$265,044	$3,949,069
27	$6,957,340	-$2,534,546 -$278,294	$4,144,500
28	$7,305,220	-$2,663,262 -$292,209	$4,349,749
29	$7,670,520	-$2,798,423 -$306,821	$4,565,276
30	$8,054,020	-$2,940,318 -$322,161	$4,791,541