The jackpot for the MEGA Millions draw on Tue Apr 22, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Apr 22, 2025 |
|---|
| Draw Date | Tue Apr 22, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(7.25%) | $1,624,000 | | Net Lumpsum Payment | $12,527,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$54,560 |
$459,216 |
| 2 |
$790,200 |
$252,704
$57,290 |
$480,206 |
| 3 |
$829,700 |
$267,319
$60,153 |
$502,228 |
| 4 |
$871,200 |
$282,674
$63,162 |
$525,364 |
| 5 |
$914,750 |
$298,788
$66,319 |
$549,643 |
| 6 |
$960,500 |
$315,715
$69,636 |
$575,149 |
| 7 |
$1,008,500 |
$333,475
$73,116 |
$601,909 |
| 8 |
$1,058,950 |
$352,142
$76,774 |
$630,034 |
| 9 |
$1,111,900 |
$371,733
$80,613 |
$659,554 |
| 10 |
$1,167,500 |
$392,305
$84,644 |
$690,551 |
| 11 |
$1,225,850 |
$413,895
$88,874 |
$723,081 |
| 12 |
$1,287,150 |
$436,576
$93,318 |
$757,256 |
| 13 |
$1,351,500 |
$460,385
$97,984 |
$793,131 |
| 14 |
$1,419,100 |
$485,397
$102,885 |
$830,818 |
| 15 |
$1,490,050 |
$511,649
$108,029 |
$870,372 |
| 16 |
$1,564,550 |
$539,214
$113,430 |
$911,906 |
| 17 |
$1,642,750 |
$568,148
$119,099 |
$955,503 |
| 18 |
$1,724,900 |
$598,543
$125,055 |
$1,001,302 |
| 19 |
$1,811,150 |
$630,456
$131,308 |
$1,049,386 |
| 20 |
$1,901,700 |
$663,959
$137,873 |
$1,099,868 |
| 21 |
$1,996,800 |
$699,146
$144,768 |
$1,152,886 |
| 22 |
$2,096,650 |
$736,091
$152,007 |
$1,208,552 |
| 23 |
$2,201,450 |
$774,867
$159,605 |
$1,266,978 |
| 24 |
$2,311,550 |
$815,604
$167,587 |
$1,328,359 |
| 25 |
$2,427,100 |
$858,357
$175,965 |
$1,392,778 |
| 26 |
$2,548,500 |
$903,275
$184,766 |
$1,460,459 |
| 27 |
$2,675,900 |
$950,413
$194,003 |
$1,531,484 |
| 28 |
$2,809,700 |
$999,919
$203,703 |
$1,606,078 |
| 29 |
$2,950,200 |
$1,051,904
$213,890 |
$1,684,406 |
| 30 |
$3,097,700 |
$1,106,479
$224,583 |
$1,766,638 |
|
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