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 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| 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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