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 Date | Tue 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 |
|
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