Jackpot Analysis Minnesota Mega Millions

Jackpot Analysis for Minnesota Mega Millions
The jackpot for the MEGA Millions draw on Fri Oct 31, 2025, is projected to be $754 Million, with an option for a cash payout of $352.8 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 Fri Oct 31, 2025
Draw DateFri Oct 31, 2025
Projected Jackpot$754,000,000
Cash Value$352,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$352,800,000
Federal Tax(24%)$84,672,000
Additional Federal Tax$45,824,330
State Tax(7.25%)$25,578,000
Net Lumpsum Payment$196,725,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $11,348,454 $4,159,258
$822,763
$6,366,433
2 $11,916,216 $4,369,330
$863,926
$6,682,960
3 $12,511,876 $4,589,725
$907,111
$7,015,040
4 $13,137,696 $4,821,278
$952,483
$7,363,935
5 $13,794,430 $5,064,269
$1,000,096
$7,730,065
6 $14,484,340 $5,319,536
$1,050,115
$8,114,689
7 $15,208,180 $5,587,357
$1,102,593
$8,518,230
8 $15,968,966 $5,868,848
$1,157,750
$8,942,368
9 $16,767,452 $6,164,288
$1,215,640
$9,387,524
10 $17,605,900 $6,474,513
$1,276,428
$9,854,959
11 $18,485,818 $6,800,083
$1,340,222
$10,345,513
12 $19,410,222 $7,142,113
$1,407,241
$10,860,868
13 $20,380,620 $7,501,160
$1,477,595
$11,401,865
14 $21,400,028 $7,878,341
$1,551,502
$11,970,185
15 $22,469,954 $8,274,213
$1,629,072
$12,566,669
16 $23,593,414 $8,689,894
$1,710,523
$13,192,997
17 $24,772,670 $9,126,218
$1,796,019
$13,850,433
18 $26,011,492 $9,584,582
$1,885,833
$14,541,077
19 $27,312,142 $10,065,823
$1,980,130
$15,266,189
20 $28,677,636 $10,571,056
$2,079,129
$16,027,451
21 $30,111,744 $11,101,676
$2,183,101
$16,826,967
22 $31,617,482 $11,658,799
$2,292,267
$17,666,416
23 $33,197,866 $12,243,541
$2,406,845
$18,547,480
24 $34,858,174 $12,857,855
$2,527,218
$19,473,101
25 $36,600,668 $13,502,578
$2,653,548
$20,444,542
26 $38,431,380 $14,179,941
$2,786,275
$21,465,164
27 $40,352,572 $14,890,782
$2,925,561
$22,536,229
28 $42,370,276 $15,637,333
$3,071,845
$23,661,098
29 $44,489,016 $16,421,266
$3,225,454
$24,842,296
30 $46,713,316 $17,244,257
$3,386,715
$26,082,344