The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(7.25%) | $4,922,750 | | Net Lumpsum Payment | $37,893,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$163,680 |
$1,298,309 |
| 2 |
$2,370,600 |
$837,452
$171,869 |
$1,361,279 |
| 3 |
$2,489,100 |
$881,297
$180,460 |
$1,427,343 |
| 4 |
$2,613,600 |
$927,362
$189,486 |
$1,496,752 |
| 5 |
$2,744,250 |
$975,703
$198,958 |
$1,569,589 |
| 6 |
$2,881,500 |
$1,026,485
$208,909 |
$1,646,106 |
| 7 |
$3,025,500 |
$1,079,765
$219,349 |
$1,726,386 |
| 8 |
$3,176,850 |
$1,135,765
$230,322 |
$1,810,763 |
| 9 |
$3,335,700 |
$1,194,539
$241,838 |
$1,899,323 |
| 10 |
$3,502,500 |
$1,256,255
$253,931 |
$1,992,314 |
| 11 |
$3,677,550 |
$1,321,024
$266,622 |
$2,089,904 |
| 12 |
$3,861,450 |
$1,389,067
$279,955 |
$2,192,428 |
| 13 |
$4,054,500 |
$1,460,495
$293,951 |
$2,300,054 |
| 14 |
$4,257,300 |
$1,535,531
$308,654 |
$2,413,115 |
| 15 |
$4,470,150 |
$1,614,286
$324,086 |
$2,531,778 |
| 16 |
$4,693,650 |
$1,696,981
$340,290 |
$2,656,379 |
| 17 |
$4,928,250 |
$1,783,783
$357,298 |
$2,787,169 |
| 18 |
$5,174,700 |
$1,874,969
$375,166 |
$2,924,565 |
| 19 |
$5,433,450 |
$1,970,707
$393,925 |
$3,068,818 |
| 20 |
$5,705,100 |
$2,071,217
$413,620 |
$3,220,263 |
| 21 |
$5,990,400 |
$2,176,778
$434,304 |
$3,379,318 |
| 22 |
$6,289,950 |
$2,287,612
$456,021 |
$3,546,317 |
| 23 |
$6,604,350 |
$2,403,940
$478,815 |
$3,721,595 |
| 24 |
$6,934,650 |
$2,526,151
$502,762 |
$3,905,737 |
| 25 |
$7,281,300 |
$2,654,411
$527,894 |
$4,098,995 |
| 26 |
$7,645,500 |
$2,789,165
$554,299 |
$4,302,036 |
| 27 |
$8,027,700 |
$2,930,579
$582,008 |
$4,515,113 |
| 28 |
$8,429,100 |
$3,079,097
$611,110 |
$4,738,893 |
| 29 |
$8,850,600 |
$3,235,052
$641,669 |
$4,973,879 |
| 30 |
$9,293,100 |
$3,398,777
$673,750 |
$5,220,573 |
|
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