Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(7.25%)	$9,860,000
Net Lumpsum Payment	$75,859,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$329,542	$2,573,731
2	$4,772,808	-$1,726,269 -$346,029	$2,700,510
3	$5,011,388	-$1,814,544 -$363,326	$2,833,518
4	$5,262,048	-$1,907,288 -$381,498	$2,973,262
5	$5,525,090	-$2,004,614 -$400,569	$3,119,907
6	$5,801,420	-$2,106,856 -$420,603	$3,273,961
7	$6,091,340	-$2,214,126 -$441,622	$3,435,592
8	$6,396,058	-$2,326,872 -$463,714	$3,605,472
9	$6,715,876	-$2,445,205 -$486,901	$3,783,770
10	$7,051,700	-$2,569,459 -$511,248	$3,970,993
11	$7,404,134	-$2,699,860 -$536,800	$4,167,474
12	$7,774,386	-$2,836,853 -$563,643	$4,373,890
13	$8,163,060	-$2,980,663 -$591,822	$4,590,575
14	$8,571,364	-$3,131,735 -$621,424	$4,818,205
15	$8,999,902	-$3,290,294 -$652,493	$5,057,115
16	$9,449,882	-$3,456,787 -$685,116	$5,307,979
17	$9,922,210	-$3,631,548 -$719,360	$5,571,302
18	$10,418,396	-$3,815,137 -$755,334	$5,847,925
19	$10,939,346	-$4,007,888 -$793,103	$6,138,355
20	$11,486,268	-$4,210,250 -$832,754	$6,443,264
21	$12,060,672	-$4,422,779 -$874,399	$6,763,494
22	$12,663,766	-$4,645,924 -$918,123	$7,099,719
23	$13,296,758	-$4,880,131 -$964,015	$7,452,612
24	$13,961,762	-$5,126,182 -$1,012,228	$7,823,352
25	$14,659,684	-$5,384,413 -$1,062,827	$8,212,444
26	$15,392,940	-$5,655,718 -$1,115,988	$8,621,234
27	$16,162,436	-$5,940,432 -$1,171,777	$9,050,227
28	$16,970,588	-$6,239,448 -$1,230,368	$9,500,772
29	$17,819,208	-$6,553,437 -$1,291,893	$9,973,878
30	$18,710,108	-$6,883,070 -$1,356,483	$10,470,555