The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in California, the bright side is you won't have to pay any state taxes on your lottery prize.
California MEGA Millions Jackpot/Cash Option for Tue Oct 14, 2025 |
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Draw Date | Tue Oct 14, 2025 | Projected Jackpot | $600,000,000 | Cash Value | $277,200,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $277,200,000 | Federal Tax(24%) | $66,528,000 | Additional Federal Tax | $35,996,330 | State Tax(0%) | $0 | Net Lumpsum Payment | $174,675,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$9,030,600 |
$3,301,652 $0 |
$5,728,948 |
2 |
$9,482,400 |
$3,468,818 $0 |
$6,013,582 |
3 |
$9,956,400 |
$3,644,198 $0 |
$6,312,202 |
4 |
$10,454,400 |
$3,828,458 $0 |
$6,625,942 |
5 |
$10,977,000 |
$4,021,820 $0 |
$6,955,180 |
6 |
$11,526,000 |
$4,224,950 $0 |
$7,301,050 |
7 |
$12,102,000 |
$4,438,070 $0 |
$7,663,930 |
8 |
$12,707,400 |
$4,662,068 $0 |
$8,045,332 |
9 |
$13,342,800 |
$4,897,166 $0 |
$8,445,634 |
10 |
$14,010,000 |
$5,144,030 $0 |
$8,865,970 |
11 |
$14,710,200 |
$5,403,104 $0 |
$9,307,096 |
12 |
$15,445,800 |
$5,675,276 $0 |
$9,770,524 |
13 |
$16,218,000 |
$5,960,990 $0 |
$10,257,010 |
14 |
$17,029,200 |
$6,261,134 $0 |
$10,768,066 |
15 |
$17,880,600 |
$6,576,152 $0 |
$11,304,448 |
16 |
$18,774,600 |
$6,906,932 $0 |
$11,867,668 |
17 |
$19,713,000 |
$7,254,140 $0 |
$12,458,860 |
18 |
$20,698,800 |
$7,618,886 $0 |
$13,079,914 |
19 |
$21,733,800 |
$8,001,836 $0 |
$13,731,964 |
20 |
$22,820,400 |
$8,403,878 $0 |
$14,416,522 |
21 |
$23,961,600 |
$8,826,122 $0 |
$15,135,478 |
22 |
$25,159,800 |
$9,269,456 $0 |
$15,890,344 |
23 |
$26,417,400 |
$9,734,768 $0 |
$16,682,632 |
24 |
$27,738,600 |
$10,223,612 $0 |
$17,514,988 |
25 |
$29,125,200 |
$10,736,654 $0 |
$18,388,546 |
26 |
$30,582,000 |
$11,275,670 $0 |
$19,306,330 |
27 |
$32,110,800 |
$11,841,326 $0 |
$20,269,474 |
28 |
$33,716,400 |
$12,435,398 $0 |
$21,281,002 |
29 |
$35,402,400 |
$13,059,218 $0 |
$22,343,182 |
30 |
$37,172,400 |
$13,714,118 $0 |
$23,458,282 |
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