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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts 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(5%) | $14,440,000 | | Net Lumpsum Payment | $167,543,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$470,344 |
$5,495,657 |
| 2 |
$9,877,500 |
$3,615,005
$493,875 |
$5,768,620 |
| 3 |
$10,371,250 |
$3,797,693
$518,563 |
$6,054,994 |
| 4 |
$10,890,000 |
$3,989,630
$544,500 |
$6,355,870 |
| 5 |
$11,434,375 |
$4,191,049
$571,719 |
$6,671,607 |
| 6 |
$12,006,250 |
$4,402,643
$600,313 |
$7,003,294 |
| 7 |
$12,606,250 |
$4,624,643
$630,313 |
$7,351,294 |
| 8 |
$13,236,875 |
$4,857,974
$661,844 |
$7,717,057 |
| 9 |
$13,898,750 |
$5,102,868
$694,938 |
$8,100,944 |
| 10 |
$14,593,750 |
$5,360,018
$729,688 |
$8,504,044 |
| 11 |
$15,323,125 |
$5,629,887
$766,156 |
$8,927,082 |
| 12 |
$16,089,375 |
$5,913,399
$804,469 |
$9,371,507 |
| 13 |
$16,893,750 |
$6,211,018
$844,688 |
$9,838,044 |
| 14 |
$17,738,750 |
$6,523,668
$886,938 |
$10,328,144 |
| 15 |
$18,625,625 |
$6,851,812
$931,281 |
$10,842,532 |
| 16 |
$19,556,875 |
$7,196,374
$977,844 |
$11,382,657 |
| 17 |
$20,534,375 |
$7,558,049
$1,026,719 |
$11,949,607 |
| 18 |
$21,561,250 |
$7,937,993
$1,078,063 |
$12,545,194 |
| 19 |
$22,639,375 |
$8,336,899
$1,131,969 |
$13,170,507 |
| 20 |
$23,771,250 |
$8,755,693
$1,188,563 |
$13,826,994 |
| 21 |
$24,960,000 |
$9,195,530
$1,248,000 |
$14,516,470 |
| 22 |
$26,208,125 |
$9,657,337
$1,310,406 |
$15,240,382 |
| 23 |
$27,518,125 |
$10,142,037
$1,375,906 |
$16,000,182 |
| 24 |
$28,894,375 |
$10,651,249
$1,444,719 |
$16,798,407 |
| 25 |
$30,338,750 |
$11,185,668
$1,516,938 |
$17,636,144 |
| 26 |
$31,856,250 |
$11,747,143
$1,592,813 |
$18,516,294 |
| 27 |
$33,448,750 |
$12,336,368
$1,672,438 |
$19,439,944 |
| 28 |
$35,121,250 |
$12,955,193
$1,756,063 |
$20,409,994 |
| 29 |
$36,877,500 |
$13,605,005
$1,843,875 |
$21,428,620 |
| 30 |
$38,721,250 |
$14,287,193
$1,936,063 |
$22,497,994 |
|
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