Missouri Lottery

MOLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Missouri MEGA Millions Jackpot/Cash Option for Tue Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(4%)	$4,780,000
Net Lumpsum Payment	$70,544,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$154,122	$2,312,973
2	$4,045,824	-$1,457,285 -$161,833	$2,426,706
3	$4,248,064	-$1,532,114 -$169,923	$2,546,027
4	$4,460,544	-$1,610,732 -$178,422	$2,671,390
5	$4,683,520	-$1,693,233 -$187,341	$2,802,946
6	$4,917,760	-$1,779,902 -$196,710	$2,941,148
7	$5,163,520	-$1,870,833 -$206,541	$3,086,146
8	$5,421,824	-$1,966,405 -$216,873	$3,238,546
9	$5,692,928	-$2,066,714 -$227,717	$3,398,497
10	$5,977,600	-$2,172,042 -$239,104	$3,566,454
11	$6,276,352	-$2,282,581 -$251,054	$3,742,717
12	$6,590,208	-$2,398,707 -$263,608	$3,927,893
13	$6,919,680	-$2,520,612 -$276,787	$4,122,281
14	$7,265,792	-$2,648,673 -$290,632	$4,326,487
15	$7,629,056	-$2,783,081 -$305,162	$4,540,813
16	$8,010,496	-$2,924,214 -$320,420	$4,765,862
17	$8,410,880	-$3,072,356 -$336,435	$5,002,089
18	$8,831,488	-$3,227,981 -$353,260	$5,250,247
19	$9,273,088	-$3,391,373 -$370,924	$5,510,791
20	$9,736,704	-$3,562,911 -$389,468	$5,784,325
21	$10,223,616	-$3,743,068 -$408,945	$6,071,603
22	$10,734,848	-$3,932,224 -$429,394	$6,373,230
23	$11,271,424	-$4,130,757 -$450,857	$6,689,810
24	$11,835,136	-$4,339,331 -$473,405	$7,022,400
25	$12,426,752	-$4,558,229 -$497,070	$7,371,453
26	$13,048,320	-$4,788,209 -$521,933	$7,738,178
27	$13,700,608	-$5,029,555 -$548,024	$8,123,029
28	$14,385,664	-$5,283,026 -$575,427	$8,527,211
29	$15,105,024	-$5,549,189 -$604,201	$8,951,634
30	$15,860,224	-$5,828,613 -$634,409	$9,397,202