Jackpot Analysis Massachusetts Mega Millions

Jackpot Analysis for Massachusetts Mega Millions
The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.

Massachusetts MEGA Millions Jackpot/Cash Option for Tue Oct 21, 2025
Draw DateTue Oct 21, 2025
Projected Jackpot$650,000,000
Cash Value$304,100,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$304,100,000
Federal Tax(24%)$72,984,000
Additional Federal Tax$39,493,330
State Tax(5%)$15,205,000
Net Lumpsum Payment$176,417,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $9,783,150 $3,580,096
$489,158
$5,713,896
2 $10,272,600 $3,761,192
$513,630
$5,997,778
3 $10,786,100 $3,951,187
$539,305
$6,295,608
4 $11,325,600 $4,150,802
$566,280
$6,608,518
5 $11,891,750 $4,360,278
$594,588
$6,936,884
6 $12,486,500 $4,580,335
$624,325
$7,281,840
7 $13,110,500 $4,811,215
$655,525
$7,643,760
8 $13,766,350 $5,053,880
$688,318
$8,024,152
9 $14,454,700 $5,308,569
$722,735
$8,423,396
10 $15,177,500 $5,576,005
$758,875
$8,842,620
11 $15,936,050 $5,856,669
$796,803
$9,282,578
12 $16,732,950 $6,151,522
$836,648
$9,744,780
13 $17,569,500 $6,461,045
$878,475
$10,229,980
14 $18,448,300 $6,786,201
$922,415
$10,739,684
15 $19,370,650 $7,127,471
$968,533
$11,274,646
16 $20,339,150 $7,485,816
$1,016,958
$11,836,376
17 $21,355,750 $7,861,958
$1,067,788
$12,426,004
18 $22,423,700 $8,257,099
$1,121,185
$13,045,416
19 $23,544,950 $8,671,962
$1,177,248
$13,695,740
20 $24,722,100 $9,107,507
$1,236,105
$14,378,488
21 $25,958,400 $9,564,938
$1,297,920
$15,095,542
22 $27,256,450 $10,045,217
$1,362,823
$15,848,410
23 $28,618,850 $10,549,305
$1,430,943
$16,638,602
24 $30,050,150 $11,078,886
$1,502,508
$17,468,756
25 $31,552,300 $11,634,681
$1,577,615
$18,340,004
26 $33,130,500 $12,218,615
$1,656,525
$19,255,360
27 $34,786,700 $12,831,409
$1,739,335
$20,215,956
28 $36,526,100 $13,474,987
$1,826,305
$21,224,808
29 $38,352,600 $14,150,792
$1,917,630
$22,284,178
30 $40,270,100 $14,860,267
$2,013,505
$23,396,328