The jackpot for the MEGA Millions draw on Tue Aug 19, 2025, is projected to be $216 Million, with an option for a cash payout of $97 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 19, 2025 |
|---|
| Draw Date | Tue Aug 19, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $97,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,000,000 | | Federal Tax(24%) | $23,280,000 | | Additional Federal Tax | $12,570,330 | | State Tax(7.25%) | $7,032,500 | | Net Lumpsum Payment | $54,117,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$235,699 |
$1,852,111 |
| 2 |
$3,413,664 |
$1,223,386
$247,491 |
$1,942,787 |
| 3 |
$3,584,304 |
$1,286,523
$259,862 |
$2,037,919 |
| 4 |
$3,763,584 |
$1,352,856
$272,860 |
$2,137,868 |
| 5 |
$3,951,720 |
$1,422,467
$286,500 |
$2,242,753 |
| 6 |
$4,149,360 |
$1,495,594
$300,829 |
$2,352,937 |
| 7 |
$4,356,720 |
$1,572,317
$315,862 |
$2,468,541 |
| 8 |
$4,574,664 |
$1,652,956
$331,663 |
$2,590,045 |
| 9 |
$4,803,408 |
$1,737,591
$348,247 |
$2,717,570 |
| 10 |
$5,043,600 |
$1,826,462
$365,661 |
$2,851,477 |
| 11 |
$5,295,672 |
$1,919,729
$383,936 |
$2,992,007 |
| 12 |
$5,560,488 |
$2,017,711
$403,135 |
$3,139,642 |
| 13 |
$5,838,480 |
$2,120,568
$423,290 |
$3,294,622 |
| 14 |
$6,130,512 |
$2,228,620
$444,462 |
$3,457,430 |
| 15 |
$6,437,016 |
$2,342,026
$466,684 |
$3,628,306 |
| 16 |
$6,758,856 |
$2,461,107
$490,017 |
$3,807,732 |
| 17 |
$7,096,680 |
$2,586,102
$514,509 |
$3,996,069 |
| 18 |
$7,451,568 |
$2,717,411
$540,239 |
$4,193,918 |
| 19 |
$7,824,168 |
$2,855,273
$567,252 |
$4,401,643 |
| 20 |
$8,215,344 |
$3,000,008
$595,612 |
$4,619,724 |
| 21 |
$8,626,176 |
$3,152,016
$625,398 |
$4,848,762 |
| 22 |
$9,057,528 |
$3,311,616
$656,671 |
$5,089,241 |
| 23 |
$9,510,264 |
$3,479,128
$689,494 |
$5,341,642 |
| 24 |
$9,985,896 |
$3,655,112
$723,977 |
$5,606,807 |
| 25 |
$10,485,072 |
$3,839,807
$760,168 |
$5,885,097 |
| 26 |
$11,009,520 |
$4,033,853
$798,190 |
$6,177,477 |
| 27 |
$11,559,888 |
$4,237,489
$838,092 |
$6,484,307 |
| 28 |
$12,137,904 |
$4,451,355
$879,998 |
$6,806,551 |
| 29 |
$12,744,864 |
$4,675,930
$924,003 |
$7,144,931 |
| 30 |
$13,382,064 |
$4,911,694
$970,200 |
$7,500,170 |
|
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