The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Fri Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(4%) | $12,728,000 | | Net Lumpsum Payment | $187,777,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$409,387 |
$6,078,131 |
| 2 |
$10,746,720 |
$3,936,617
$429,869 |
$6,380,234 |
| 3 |
$11,283,920 |
$4,135,381
$451,357 |
$6,697,182 |
| 4 |
$11,848,320 |
$4,344,209
$473,933 |
$7,030,178 |
| 5 |
$12,440,600 |
$4,563,352
$497,624 |
$7,379,624 |
| 6 |
$13,062,800 |
$4,793,566
$522,512 |
$7,746,722 |
| 7 |
$13,715,600 |
$5,035,102
$548,624 |
$8,131,874 |
| 8 |
$14,401,720 |
$5,288,967
$576,069 |
$8,536,684 |
| 9 |
$15,121,840 |
$5,555,411
$604,874 |
$8,961,555 |
| 10 |
$15,878,000 |
$5,835,190
$635,120 |
$9,407,690 |
| 11 |
$16,671,560 |
$6,128,808
$666,862 |
$9,875,890 |
| 12 |
$17,505,240 |
$6,437,269
$700,210 |
$10,367,761 |
| 13 |
$18,380,400 |
$6,761,078
$735,216 |
$10,884,106 |
| 14 |
$19,299,760 |
$7,101,242
$771,990 |
$11,426,528 |
| 15 |
$20,264,680 |
$7,458,262
$810,587 |
$11,995,831 |
| 16 |
$21,277,880 |
$7,833,146
$851,115 |
$12,593,619 |
| 17 |
$22,341,400 |
$8,226,648
$893,656 |
$13,221,096 |
| 18 |
$23,458,640 |
$8,640,027
$938,346 |
$13,880,267 |
| 19 |
$24,631,640 |
$9,074,037
$985,266 |
$14,572,337 |
| 20 |
$25,863,120 |
$9,529,685
$1,034,525 |
$15,298,910 |
| 21 |
$27,156,480 |
$10,008,228
$1,086,259 |
$16,061,993 |
| 22 |
$28,514,440 |
$10,510,673
$1,140,578 |
$16,863,189 |
| 23 |
$29,939,720 |
$11,038,027
$1,197,589 |
$17,704,104 |
| 24 |
$31,437,080 |
$11,592,050
$1,257,483 |
$18,587,547 |
| 25 |
$33,008,560 |
$12,173,498
$1,320,342 |
$19,514,720 |
| 26 |
$34,659,600 |
$12,784,382
$1,386,384 |
$20,488,834 |
| 27 |
$36,392,240 |
$13,425,459
$1,455,690 |
$21,511,091 |
| 28 |
$38,211,920 |
$14,098,741
$1,528,477 |
$22,584,702 |
| 29 |
$40,122,720 |
$14,805,737
$1,604,909 |
$23,712,074 |
| 30 |
$42,128,720 |
$15,547,957
$1,685,149 |
$24,895,614 |
|
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