The jackpot for the MEGA Millions draw on Fri Nov 28, 2025, is projected to be $80 Million, with an option for a cash payout of $36.9 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 Iowa residents, the state will deduct 5% from your lottery earnings.
| Iowa MEGA Millions Jackpot/Cash Option for Fri Nov 28, 2025 |
|---|
| Draw Date | Fri Nov 28, 2025 | | Projected Jackpot | $80,000,000 | | Cash Value | $36,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $36,900,000 | | Federal Tax(24%) | $8,856,000 | | Additional Federal Tax | $4,757,330 | | State Tax(5%) | $1,845,000 | | Net Lumpsum Payment | $21,441,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,204,080 |
$405,840
$60,204 |
$738,036 |
| 2 |
$1,264,320 |
$428,129
$63,216 |
$772,975 |
| 3 |
$1,327,520 |
$451,513
$66,376 |
$809,631 |
| 4 |
$1,393,920 |
$476,081
$69,696 |
$848,143 |
| 5 |
$1,463,600 |
$501,862
$73,180 |
$888,558 |
| 6 |
$1,536,800 |
$528,946
$76,840 |
$931,014 |
| 7 |
$1,613,600 |
$557,362
$80,680 |
$975,558 |
| 8 |
$1,694,320 |
$587,229
$84,716 |
$1,022,375 |
| 9 |
$1,779,040 |
$618,575
$88,952 |
$1,071,513 |
| 10 |
$1,868,000 |
$651,490
$93,400 |
$1,123,110 |
| 11 |
$1,961,360 |
$686,034
$98,068 |
$1,177,258 |
| 12 |
$2,059,440 |
$722,323
$102,972 |
$1,234,145 |
| 13 |
$2,162,400 |
$760,418
$108,120 |
$1,293,862 |
| 14 |
$2,270,560 |
$800,438
$113,528 |
$1,356,594 |
| 15 |
$2,384,080 |
$842,440
$119,204 |
$1,422,436 |
| 16 |
$2,503,280 |
$886,544
$125,164 |
$1,491,572 |
| 17 |
$2,628,400 |
$932,838
$131,420 |
$1,564,142 |
| 18 |
$2,759,840 |
$981,471
$137,992 |
$1,640,377 |
| 19 |
$2,897,840 |
$1,032,531
$144,892 |
$1,720,417 |
| 20 |
$3,042,720 |
$1,086,137
$152,136 |
$1,804,447 |
| 21 |
$3,194,880 |
$1,142,436
$159,744 |
$1,892,700 |
| 22 |
$3,354,640 |
$1,201,547
$167,732 |
$1,985,361 |
| 23 |
$3,522,320 |
$1,263,589
$176,116 |
$2,082,615 |
| 24 |
$3,698,480 |
$1,328,768
$184,924 |
$2,184,788 |
| 25 |
$3,883,360 |
$1,397,174
$194,168 |
$2,292,018 |
| 26 |
$4,077,600 |
$1,469,042
$203,880 |
$2,404,678 |
| 27 |
$4,281,440 |
$1,544,463
$214,072 |
$2,522,905 |
| 28 |
$4,495,520 |
$1,623,673
$224,776 |
$2,647,071 |
| 29 |
$4,720,320 |
$1,706,849
$236,016 |
$2,777,455 |
| 30 |
$4,956,320 |
$1,794,169
$247,816 |
$2,914,335 |
|
|
