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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota 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(7.25%) | $22,047,250 | | Net Lumpsum Payment | $169,575,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$709,278 |
$5,493,776 |
| 2 |
$10,272,600 |
$3,761,192
$744,764 |
$5,766,644 |
| 3 |
$10,786,100 |
$3,951,187
$781,992 |
$6,052,921 |
| 4 |
$11,325,600 |
$4,150,802
$821,106 |
$6,353,692 |
| 5 |
$11,891,750 |
$4,360,278
$862,152 |
$6,669,320 |
| 6 |
$12,486,500 |
$4,580,335
$905,271 |
$7,000,894 |
| 7 |
$13,110,500 |
$4,811,215
$950,511 |
$7,348,774 |
| 8 |
$13,766,350 |
$5,053,880
$998,060 |
$7,714,410 |
| 9 |
$14,454,700 |
$5,308,569
$1,047,966 |
$8,098,165 |
| 10 |
$15,177,500 |
$5,576,005
$1,100,369 |
$8,501,126 |
| 11 |
$15,936,050 |
$5,856,669
$1,155,364 |
$8,924,017 |
| 12 |
$16,732,950 |
$6,151,522
$1,213,139 |
$9,368,289 |
| 13 |
$17,569,500 |
$6,461,045
$1,273,789 |
$9,834,666 |
| 14 |
$18,448,300 |
$6,786,201
$1,337,502 |
$10,324,597 |
| 15 |
$19,370,650 |
$7,127,471
$1,404,372 |
$10,838,807 |
| 16 |
$20,339,150 |
$7,485,816
$1,474,588 |
$11,378,746 |
| 17 |
$21,355,750 |
$7,861,958
$1,548,292 |
$11,945,500 |
| 18 |
$22,423,700 |
$8,257,099
$1,625,718 |
$12,540,883 |
| 19 |
$23,544,950 |
$8,671,962
$1,707,009 |
$13,165,979 |
| 20 |
$24,722,100 |
$9,107,507
$1,792,352 |
$13,822,241 |
| 21 |
$25,958,400 |
$9,564,938
$1,881,984 |
$14,511,478 |
| 22 |
$27,256,450 |
$10,045,217
$1,976,093 |
$15,235,140 |
| 23 |
$28,618,850 |
$10,549,305
$2,074,867 |
$15,994,678 |
| 24 |
$30,050,150 |
$11,078,886
$2,178,636 |
$16,792,628 |
| 25 |
$31,552,300 |
$11,634,681
$2,287,542 |
$17,630,077 |
| 26 |
$33,130,500 |
$12,218,615
$2,401,961 |
$18,509,924 |
| 27 |
$34,786,700 |
$12,831,409
$2,522,036 |
$19,433,255 |
| 28 |
$36,526,100 |
$13,474,987
$2,648,142 |
$20,402,971 |
| 29 |
$38,352,600 |
$14,150,792
$2,780,564 |
$21,421,244 |
| 30 |
$40,270,100 |
$14,860,267
$2,919,582 |
$22,490,251 |
|
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