The jackpot for the MEGA Millions draw on Tue Sep 2, 2025, is projected to be $302 Million, with an option for a cash payout of $136 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 Missouri residents, the state will deduct 4% from your lottery earnings.
Missouri MEGA Millions Jackpot/Cash Option for Tue Sep 2, 2025 |
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Draw Date | Tue Sep 2, 2025 | Projected Jackpot | $302,000,000 | Cash Value | $136,000,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $136,000,000 | Federal Tax(24%) | $32,640,000 | Additional Federal Tax | $17,640,330 | State Tax(4%) | $5,440,000 | Net Lumpsum Payment | $80,279,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,545,402 |
$1,642,129 $181,816 |
$2,721,457 |
2 |
$4,772,808 |
$1,726,269 $190,912 |
$2,855,627 |
3 |
$5,011,388 |
$1,814,544 $200,456 |
$2,996,388 |
4 |
$5,262,048 |
$1,907,288 $210,482 |
$3,144,278 |
5 |
$5,525,090 |
$2,004,614 $221,004 |
$3,299,472 |
6 |
$5,801,420 |
$2,106,856 $232,057 |
$3,462,507 |
7 |
$6,091,340 |
$2,214,126 $243,654 |
$3,633,560 |
8 |
$6,396,058 |
$2,326,872 $255,842 |
$3,813,344 |
9 |
$6,715,876 |
$2,445,205 $268,635 |
$4,002,036 |
10 |
$7,051,700 |
$2,569,459 $282,068 |
$4,200,173 |
11 |
$7,404,134 |
$2,699,860 $296,165 |
$4,408,109 |
12 |
$7,774,386 |
$2,836,853 $310,975 |
$4,626,558 |
13 |
$8,163,060 |
$2,980,663 $326,522 |
$4,855,875 |
14 |
$8,571,364 |
$3,131,735 $342,855 |
$5,096,774 |
15 |
$8,999,902 |
$3,290,294 $359,996 |
$5,349,612 |
16 |
$9,449,882 |
$3,456,787 $377,995 |
$5,615,100 |
17 |
$9,922,210 |
$3,631,548 $396,888 |
$5,893,774 |
18 |
$10,418,396 |
$3,815,137 $416,736 |
$6,186,523 |
19 |
$10,939,346 |
$4,007,888 $437,574 |
$6,493,884 |
20 |
$11,486,268 |
$4,210,250 $459,451 |
$6,816,567 |
21 |
$12,060,672 |
$4,422,779 $482,427 |
$7,155,466 |
22 |
$12,663,766 |
$4,645,924 $506,551 |
$7,511,291 |
23 |
$13,296,758 |
$4,880,131 $531,870 |
$7,884,757 |
24 |
$13,961,762 |
$5,126,182 $558,470 |
$8,277,110 |
25 |
$14,659,684 |
$5,384,413 $586,387 |
$8,688,884 |
26 |
$15,392,940 |
$5,655,718 $615,718 |
$9,121,504 |
27 |
$16,162,436 |
$5,940,432 $646,497 |
$9,575,507 |
28 |
$16,970,588 |
$6,239,448 $678,824 |
$10,052,316 |
29 |
$17,819,208 |
$6,553,437 $712,768 |
$10,553,003 |
30 |
$18,710,108 |
$6,883,070 $748,404 |
$11,078,634 |
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