Missouri Lottery

MOLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 24, 2025 is estimated to be $326 Million, with a cash option of 145.7 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 Jun 24, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 24, 2025	$326,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(4%)	$5,828,000
Net Lumpsum Payment	$86,002,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,906,626	-$1,775,782 -$196,265	$2,934,579
2	$5,152,104	-$1,866,609 -$206,084	$3,079,411
3	$5,409,644	-$1,961,899 -$216,386	$3,231,359
4	$5,680,224	-$2,062,013 -$227,209	$3,391,002
5	$5,964,170	-$2,167,073 -$238,567	$3,558,530
6	$6,262,460	-$2,277,441 -$250,498	$3,734,521
7	$6,575,420	-$2,393,236 -$263,017	$3,919,167
8	$6,904,354	-$2,514,941 -$276,174	$4,113,239
9	$7,249,588	-$2,642,678 -$289,984	$4,316,926
10	$7,612,100	-$2,776,807 -$304,484	$4,530,809
11	$7,992,542	-$2,917,571 -$319,702	$4,755,269
12	$8,392,218	-$3,065,451 -$335,689	$4,991,078
13	$8,811,780	-$3,220,689 -$352,471	$5,238,620
14	$9,252,532	-$3,383,767 -$370,101	$5,498,664
15	$9,715,126	-$3,554,927 -$388,605	$5,771,594
16	$10,200,866	-$3,734,651 -$408,035	$6,058,180
17	$10,710,730	-$3,923,300 -$428,429	$6,359,001
18	$11,246,348	-$4,121,479 -$449,854	$6,675,015
19	$11,808,698	-$4,329,549 -$472,348	$7,006,801
20	$12,399,084	-$4,547,991 -$495,963	$7,355,130
21	$13,019,136	-$4,777,411 -$520,765	$7,720,960
22	$13,670,158	-$5,018,289 -$546,806	$8,105,063
23	$14,353,454	-$5,271,108 -$574,138	$8,508,208
24	$15,071,306	-$5,536,714 -$602,852	$8,931,740
25	$15,824,692	-$5,815,466 -$632,988	$9,376,238
26	$16,616,220	-$6,108,332 -$664,649	$9,843,239
27	$17,446,868	-$6,415,672 -$697,875	$10,333,321
28	$18,319,244	-$6,738,451 -$732,770	$10,848,023
29	$19,235,304	-$7,077,393 -$769,412	$11,388,499
30	$20,197,004	-$7,433,222 -$807,880	$11,955,902