Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(7.25%)	$20,097,000
Net Lumpsum Payment	$154,578,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$654,719	$5,074,229
2	$9,482,400	-$3,468,818 -$687,474	$5,326,108
3	$9,956,400	-$3,644,198 -$721,839	$5,590,363
4	$10,454,400	-$3,828,458 -$757,944	$5,867,998
5	$10,977,000	-$4,021,820 -$795,833	$6,159,347
6	$11,526,000	-$4,224,950 -$835,635	$6,465,415
7	$12,102,000	-$4,438,070 -$877,395	$6,786,535
8	$12,707,400	-$4,662,068 -$921,287	$7,124,045
9	$13,342,800	-$4,897,166 -$967,353	$7,478,281
10	$14,010,000	-$5,144,030 -$1,015,725	$7,850,245
11	$14,710,200	-$5,403,104 -$1,066,490	$8,240,606
12	$15,445,800	-$5,675,276 -$1,119,821	$8,650,703
13	$16,218,000	-$5,960,990 -$1,175,805	$9,081,205
14	$17,029,200	-$6,261,134 -$1,234,617	$9,533,449
15	$17,880,600	-$6,576,152 -$1,296,344	$10,008,104
16	$18,774,600	-$6,906,932 -$1,361,159	$10,506,509
17	$19,713,000	-$7,254,140 -$1,429,193	$11,029,667
18	$20,698,800	-$7,618,886 -$1,500,663	$11,579,251
19	$21,733,800	-$8,001,836 -$1,575,701	$12,156,263
20	$22,820,400	-$8,403,878 -$1,654,479	$12,762,043
21	$23,961,600	-$8,826,122 -$1,737,216	$13,398,262
22	$25,159,800	-$9,269,456 -$1,824,086	$14,066,258
23	$26,417,400	-$9,734,768 -$1,915,262	$14,767,370
24	$27,738,600	-$10,223,612 -$2,011,049	$15,503,939
25	$29,125,200	-$10,736,654 -$2,111,577	$16,276,969
26	$30,582,000	-$11,275,670 -$2,217,195	$17,089,135
27	$32,110,800	-$11,841,326 -$2,328,033	$17,941,441
28	$33,716,400	-$12,435,398 -$2,444,439	$18,836,563
29	$35,402,400	-$13,059,218 -$2,566,674	$19,776,508
30	$37,172,400	-$13,714,118 -$2,694,999	$20,763,283