The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(7.25%) | $6,525,000 | | Net Lumpsum Payment | $50,214,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$220,422 |
$1,734,638 |
| 2 |
$3,192,408 |
$1,141,521
$231,450 |
$1,819,437 |
| 3 |
$3,351,988 |
$1,200,566
$243,019 |
$1,908,403 |
| 4 |
$3,519,648 |
$1,262,600
$255,174 |
$2,001,874 |
| 5 |
$3,695,590 |
$1,327,699
$267,930 |
$2,099,961 |
| 6 |
$3,880,420 |
$1,396,086
$281,330 |
$2,203,004 |
| 7 |
$4,074,340 |
$1,467,836
$295,390 |
$2,311,114 |
| 8 |
$4,278,158 |
$1,543,249
$310,166 |
$2,424,743 |
| 9 |
$4,492,076 |
$1,622,399
$325,676 |
$2,544,001 |
| 10 |
$4,716,700 |
$1,705,509
$341,961 |
$2,669,230 |
| 11 |
$4,952,434 |
$1,792,731
$359,051 |
$2,800,652 |
| 12 |
$5,200,086 |
$1,884,362
$377,006 |
$2,938,718 |
| 13 |
$5,460,060 |
$1,980,553
$395,854 |
$3,083,653 |
| 14 |
$5,733,164 |
$2,081,601
$415,654 |
$3,235,909 |
| 15 |
$6,019,802 |
$2,187,657
$436,436 |
$3,395,709 |
| 16 |
$6,320,782 |
$2,299,020
$458,257 |
$3,563,505 |
| 17 |
$6,636,710 |
$2,415,913
$481,161 |
$3,739,636 |
| 18 |
$6,968,596 |
$2,538,711
$505,223 |
$3,924,662 |
| 19 |
$7,317,046 |
$2,667,637
$530,486 |
$4,118,923 |
| 20 |
$7,682,868 |
$2,802,992
$557,008 |
$4,322,868 |
| 21 |
$8,067,072 |
$2,945,147
$584,863 |
$4,537,062 |
| 22 |
$8,470,466 |
$3,094,403
$614,109 |
$4,761,954 |
| 23 |
$8,893,858 |
$3,251,058
$644,805 |
$4,997,995 |
| 24 |
$9,338,662 |
$3,415,635
$677,053 |
$5,245,974 |
| 25 |
$9,805,484 |
$3,588,359
$710,898 |
$5,506,227 |
| 26 |
$10,295,940 |
$3,769,828
$746,456 |
$5,779,656 |
| 27 |
$10,810,636 |
$3,960,266
$783,771 |
$6,066,599 |
| 28 |
$11,351,188 |
$4,160,270
$822,961 |
$6,367,957 |
| 29 |
$11,918,808 |
$4,370,289
$864,114 |
$6,684,405 |
| 30 |
$12,514,708 |
$4,590,772
$907,316 |
$7,016,620 |
|
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