Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Minnesota, your state will take 7.25% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Minnesota MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(7.25%)	$26,948,250
Net Lumpsum Payment	$207,262,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$872,958	$6,752,416
2	$12,643,200	-$4,638,314 -$916,632	$7,088,254
3	$13,275,200	-$4,872,154 -$962,452	$7,440,594
4	$13,939,200	-$5,117,834 -$1,010,592	$7,810,774
5	$14,636,000	-$5,375,650 -$1,061,110	$8,199,240
6	$15,368,000	-$5,646,490 -$1,114,180	$8,607,330
7	$16,136,000	-$5,930,650 -$1,169,860	$9,035,490
8	$16,943,200	-$6,229,314 -$1,228,382	$9,485,504
9	$17,790,400	-$6,542,778 -$1,289,804	$9,957,818
10	$18,680,000	-$6,871,930 -$1,354,300	$10,453,770
11	$19,613,600	-$7,217,362 -$1,421,986	$10,974,252
12	$20,594,400	-$7,580,258 -$1,493,094	$11,521,048
13	$21,624,000	-$7,961,210 -$1,567,740	$12,095,050
14	$22,705,600	-$8,361,402 -$1,646,156	$12,698,042
15	$23,840,800	-$8,781,426 -$1,728,458	$13,330,916
16	$25,032,800	-$9,222,466 -$1,814,878	$13,995,456
17	$26,284,000	-$9,685,410 -$1,905,590	$14,693,000
18	$27,598,400	-$10,171,738 -$2,000,884	$15,425,778
19	$28,978,400	-$10,682,338 -$2,100,934	$16,195,128
20	$30,427,200	-$11,218,394 -$2,205,972	$17,002,834
21	$31,948,800	-$11,781,386 -$2,316,288	$17,851,126
22	$33,546,400	-$12,372,498 -$2,432,114	$18,741,788
23	$35,223,200	-$12,992,914 -$2,553,682	$19,676,604
24	$36,984,800	-$13,644,706 -$2,681,398	$20,658,696
25	$38,833,600	-$14,328,762 -$2,815,436	$21,689,402
26	$40,776,000	-$15,047,450 -$2,956,260	$22,772,290
27	$42,814,400	-$15,801,658 -$3,104,044	$23,908,698
28	$44,955,200	-$16,593,754 -$3,259,252	$25,102,194
29	$47,203,200	-$17,425,514 -$3,422,232	$26,355,454
30	$49,563,200	-$18,298,714 -$3,593,332	$27,671,154