The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 Colorado residents, the state will deduct 4% from your lottery earnings.
Colorado MEGA Millions Jackpot/Cash Option for Fri Oct 17, 2025 |
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Draw Date | Fri Oct 17, 2025 | Projected Jackpot | $625,000,000 | Cash Value | $288,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $288,800,000 | Federal Tax(24%) | $69,312,000 | Additional Federal Tax | $37,504,330 | State Tax(4%) | $11,552,000 | Net Lumpsum Payment | $170,431,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$9,406,875 |
$3,440,874 $376,275 |
$5,589,726 |
2 |
$9,877,500 |
$3,615,005 $395,100 |
$5,867,395 |
3 |
$10,371,250 |
$3,797,693 $414,850 |
$6,158,707 |
4 |
$10,890,000 |
$3,989,630 $435,600 |
$6,464,770 |
5 |
$11,434,375 |
$4,191,049 $457,375 |
$6,785,951 |
6 |
$12,006,250 |
$4,402,643 $480,250 |
$7,123,357 |
7 |
$12,606,250 |
$4,624,643 $504,250 |
$7,477,357 |
8 |
$13,236,875 |
$4,857,974 $529,475 |
$7,849,426 |
9 |
$13,898,750 |
$5,102,868 $555,950 |
$8,239,932 |
10 |
$14,593,750 |
$5,360,018 $583,750 |
$8,649,982 |
11 |
$15,323,125 |
$5,629,887 $612,925 |
$9,080,313 |
12 |
$16,089,375 |
$5,913,399 $643,575 |
$9,532,401 |
13 |
$16,893,750 |
$6,211,018 $675,750 |
$10,006,982 |
14 |
$17,738,750 |
$6,523,668 $709,550 |
$10,505,532 |
15 |
$18,625,625 |
$6,851,812 $745,025 |
$11,028,788 |
16 |
$19,556,875 |
$7,196,374 $782,275 |
$11,578,226 |
17 |
$20,534,375 |
$7,558,049 $821,375 |
$12,154,951 |
18 |
$21,561,250 |
$7,937,993 $862,450 |
$12,760,807 |
19 |
$22,639,375 |
$8,336,899 $905,575 |
$13,396,901 |
20 |
$23,771,250 |
$8,755,693 $950,850 |
$14,064,707 |
21 |
$24,960,000 |
$9,195,530 $998,400 |
$14,766,070 |
22 |
$26,208,125 |
$9,657,337 $1,048,325 |
$15,502,463 |
23 |
$27,518,125 |
$10,142,037 $1,100,725 |
$16,275,363 |
24 |
$28,894,375 |
$10,651,249 $1,155,775 |
$17,087,351 |
25 |
$30,338,750 |
$11,185,668 $1,213,550 |
$17,939,532 |
26 |
$31,856,250 |
$11,747,143 $1,274,250 |
$18,834,857 |
27 |
$33,448,750 |
$12,336,368 $1,337,950 |
$19,774,432 |
28 |
$35,121,250 |
$12,955,193 $1,404,850 |
$20,761,207 |
29 |
$36,877,500 |
$13,605,005 $1,475,100 |
$21,797,395 |
30 |
$38,721,250 |
$14,287,193 $1,548,850 |
$22,885,207 |
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