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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Tue Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(4%) | $11,088,000 | | Net Lumpsum Payment | $163,587,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$361,224 |
$5,367,724 |
| 2 |
$9,482,400 |
$3,468,818
$379,296 |
$5,634,286 |
| 3 |
$9,956,400 |
$3,644,198
$398,256 |
$5,913,946 |
| 4 |
$10,454,400 |
$3,828,458
$418,176 |
$6,207,766 |
| 5 |
$10,977,000 |
$4,021,820
$439,080 |
$6,516,100 |
| 6 |
$11,526,000 |
$4,224,950
$461,040 |
$6,840,010 |
| 7 |
$12,102,000 |
$4,438,070
$484,080 |
$7,179,850 |
| 8 |
$12,707,400 |
$4,662,068
$508,296 |
$7,537,036 |
| 9 |
$13,342,800 |
$4,897,166
$533,712 |
$7,911,922 |
| 10 |
$14,010,000 |
$5,144,030
$560,400 |
$8,305,570 |
| 11 |
$14,710,200 |
$5,403,104
$588,408 |
$8,718,688 |
| 12 |
$15,445,800 |
$5,675,276
$617,832 |
$9,152,692 |
| 13 |
$16,218,000 |
$5,960,990
$648,720 |
$9,608,290 |
| 14 |
$17,029,200 |
$6,261,134
$681,168 |
$10,086,898 |
| 15 |
$17,880,600 |
$6,576,152
$715,224 |
$10,589,224 |
| 16 |
$18,774,600 |
$6,906,932
$750,984 |
$11,116,684 |
| 17 |
$19,713,000 |
$7,254,140
$788,520 |
$11,670,340 |
| 18 |
$20,698,800 |
$7,618,886
$827,952 |
$12,251,962 |
| 19 |
$21,733,800 |
$8,001,836
$869,352 |
$12,862,612 |
| 20 |
$22,820,400 |
$8,403,878
$912,816 |
$13,503,706 |
| 21 |
$23,961,600 |
$8,826,122
$958,464 |
$14,177,014 |
| 22 |
$25,159,800 |
$9,269,456
$1,006,392 |
$14,883,952 |
| 23 |
$26,417,400 |
$9,734,768
$1,056,696 |
$15,625,936 |
| 24 |
$27,738,600 |
$10,223,612
$1,109,544 |
$16,405,444 |
| 25 |
$29,125,200 |
$10,736,654
$1,165,008 |
$17,223,538 |
| 26 |
$30,582,000 |
$11,275,670
$1,223,280 |
$18,083,050 |
| 27 |
$32,110,800 |
$11,841,326
$1,284,432 |
$18,985,042 |
| 28 |
$33,716,400 |
$12,435,398
$1,348,656 |
$19,932,346 |
| 29 |
$35,402,400 |
$13,059,218
$1,416,096 |
$20,927,086 |
| 30 |
$37,172,400 |
$13,714,118
$1,486,896 |
$21,971,386 |
|
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