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 Date | Fri 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 |
|
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