Missouri Lottery

MOLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 May 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(4%)	$1,812,000
Net Lumpsum Payment	$26,766,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$60,204	$927,679
2	$1,580,400	-$545,078 -$63,216	$972,106
3	$1,659,400	-$574,308 -$66,376	$1,018,716
4	$1,742,400	-$605,018 -$69,696	$1,067,686
5	$1,829,500	-$637,245 -$73,180	$1,119,075
6	$1,921,000	-$671,100 -$76,840	$1,173,060
7	$2,017,000	-$706,620 -$80,680	$1,229,700
8	$2,117,900	-$743,953 -$84,716	$1,289,231
9	$2,223,800	-$783,136 -$88,952	$1,351,712
10	$2,335,000	-$824,280 -$93,400	$1,417,320
11	$2,451,700	-$867,459 -$98,068	$1,486,173
12	$2,574,300	-$912,821 -$102,972	$1,558,507
13	$2,703,000	-$960,440 -$108,120	$1,634,440
14	$2,838,200	-$1,010,464 -$113,528	$1,714,208
15	$2,980,100	-$1,062,967 -$119,204	$1,797,929
16	$3,129,100	-$1,118,097 -$125,164	$1,885,839
17	$3,285,500	-$1,175,965 -$131,420	$1,978,115
18	$3,449,800	-$1,236,756 -$137,992	$2,075,052
19	$3,622,300	-$1,300,581 -$144,892	$2,176,827
20	$3,803,400	-$1,367,588 -$152,136	$2,283,676
21	$3,993,600	-$1,437,962 -$159,744	$2,395,894
22	$4,193,300	-$1,511,851 -$167,732	$2,513,717
23	$4,402,900	-$1,589,403 -$176,116	$2,637,381
24	$4,623,100	-$1,670,877 -$184,924	$2,767,299
25	$4,854,200	-$1,756,384 -$194,168	$2,903,648
26	$5,097,000	-$1,846,220 -$203,880	$3,046,900
27	$5,351,800	-$1,940,496 -$214,072	$3,197,232
28	$5,619,400	-$2,039,508 -$224,776	$3,355,116
29	$5,900,400	-$2,143,478 -$236,016	$3,520,906
30	$6,195,400	-$2,252,628 -$247,816	$3,694,956