The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Fri Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(7.25%) | $14,246,250 | | Net Lumpsum Payment | $109,588,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$461,577 |
$3,589,034 |
| 2 |
$6,685,092 |
$2,433,814
$484,669 |
$3,766,609 |
| 3 |
$7,019,262 |
$2,557,457
$508,896 |
$3,952,909 |
| 4 |
$7,370,352 |
$2,687,361
$534,351 |
$4,148,640 |
| 5 |
$7,738,785 |
$2,823,681
$561,062 |
$4,354,042 |
| 6 |
$8,125,830 |
$2,966,887
$589,123 |
$4,569,820 |
| 7 |
$8,531,910 |
$3,117,137
$618,563 |
$4,796,210 |
| 8 |
$8,958,717 |
$3,275,056
$649,507 |
$5,034,154 |
| 9 |
$9,406,674 |
$3,440,800
$681,984 |
$5,283,890 |
| 10 |
$9,877,050 |
$3,614,839
$716,086 |
$5,546,125 |
| 11 |
$10,370,691 |
$3,797,486
$751,875 |
$5,821,330 |
| 12 |
$10,889,289 |
$3,989,367
$789,473 |
$6,110,449 |
| 13 |
$11,433,690 |
$4,190,796
$828,943 |
$6,413,951 |
| 14 |
$12,005,586 |
$4,402,397
$870,405 |
$6,732,784 |
| 15 |
$12,605,823 |
$4,624,485
$913,922 |
$7,067,416 |
| 16 |
$13,236,093 |
$4,857,685
$959,617 |
$7,418,791 |
| 17 |
$13,897,665 |
$5,102,466
$1,007,581 |
$7,787,618 |
| 18 |
$14,592,654 |
$5,359,612
$1,057,967 |
$8,175,075 |
| 19 |
$15,322,329 |
$5,629,592
$1,110,869 |
$8,581,868 |
| 20 |
$16,088,382 |
$5,913,032
$1,166,408 |
$9,008,942 |
| 21 |
$16,892,928 |
$6,210,714
$1,224,737 |
$9,457,477 |
| 22 |
$17,737,659 |
$6,523,264
$1,285,980 |
$9,928,415 |
| 23 |
$18,624,267 |
$6,851,309
$1,350,259 |
$10,422,699 |
| 24 |
$19,555,713 |
$7,195,944
$1,417,789 |
$10,941,980 |
| 25 |
$20,533,266 |
$7,557,639
$1,488,662 |
$11,486,965 |
| 26 |
$21,560,310 |
$7,937,645
$1,563,122 |
$12,059,543 |
| 27 |
$22,638,114 |
$8,336,433
$1,641,263 |
$12,660,418 |
| 28 |
$23,770,062 |
$8,755,253
$1,723,329 |
$13,291,480 |
| 29 |
$24,958,692 |
$9,195,046
$1,809,505 |
$13,954,141 |
| 30 |
$26,206,542 |
$9,656,751
$1,899,974 |
$14,649,817 |
|
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