Jackpot Analysis Minnesota Mega Millions

Jackpot Analysis for Minnesota Mega Millions
The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Oct 14, 2025
Draw DateTue Oct 14, 2025
Projected Jackpot$600,000,000
Cash Value$277,200,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$277,200,000
Federal Tax(24%)$66,528,000
Additional Federal Tax$35,996,330
State Tax(7.25%)$20,097,000
Net Lumpsum Payment$154,578,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $9,030,600 $3,301,652
$654,719
$5,074,229
2 $9,482,400 $3,468,818
$687,474
$5,326,108
3 $9,956,400 $3,644,198
$721,839
$5,590,363
4 $10,454,400 $3,828,458
$757,944
$5,867,998
5 $10,977,000 $4,021,820
$795,833
$6,159,347
6 $11,526,000 $4,224,950
$835,635
$6,465,415
7 $12,102,000 $4,438,070
$877,395
$6,786,535
8 $12,707,400 $4,662,068
$921,287
$7,124,045
9 $13,342,800 $4,897,166
$967,353
$7,478,281
10 $14,010,000 $5,144,030
$1,015,725
$7,850,245
11 $14,710,200 $5,403,104
$1,066,490
$8,240,606
12 $15,445,800 $5,675,276
$1,119,821
$8,650,703
13 $16,218,000 $5,960,990
$1,175,805
$9,081,205
14 $17,029,200 $6,261,134
$1,234,617
$9,533,449
15 $17,880,600 $6,576,152
$1,296,344
$10,008,104
16 $18,774,600 $6,906,932
$1,361,159
$10,506,509
17 $19,713,000 $7,254,140
$1,429,193
$11,029,667
18 $20,698,800 $7,618,886
$1,500,663
$11,579,251
19 $21,733,800 $8,001,836
$1,575,701
$12,156,263
20 $22,820,400 $8,403,878
$1,654,479
$12,762,043
21 $23,961,600 $8,826,122
$1,737,216
$13,398,262
22 $25,159,800 $9,269,456
$1,824,086
$14,066,258
23 $26,417,400 $9,734,768
$1,915,262
$14,767,370
24 $27,738,600 $10,223,612
$2,011,049
$15,503,939
25 $29,125,200 $10,736,654
$2,111,577
$16,276,969
26 $30,582,000 $11,275,670
$2,217,195
$17,089,135
27 $32,110,800 $11,841,326
$2,328,033
$17,941,441
28 $33,716,400 $12,435,398
$2,444,439
$18,836,563
29 $35,402,400 $13,059,218
$2,566,674
$19,776,508
30 $37,172,400 $13,714,118
$2,694,999
$20,763,283