The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine MEGA Millions Jackpot/Cash Option for Tue Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(5%) | $12,585,000 | | Net Lumpsum Payment | $146,025,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$411,645 |
$4,814,750 |
| 2 |
$8,644,788 |
$3,158,902
$432,239 |
$5,053,647 |
| 3 |
$9,076,918 |
$3,318,790
$453,846 |
$5,304,282 |
| 4 |
$9,530,928 |
$3,486,774
$476,546 |
$5,567,608 |
| 5 |
$10,007,365 |
$3,663,055
$500,368 |
$5,843,942 |
| 6 |
$10,507,870 |
$3,848,242
$525,394 |
$6,134,234 |
| 7 |
$11,032,990 |
$4,042,537
$551,650 |
$6,438,803 |
| 8 |
$11,584,913 |
$4,246,748
$579,246 |
$6,758,919 |
| 9 |
$12,164,186 |
$4,461,079
$608,209 |
$7,094,898 |
| 10 |
$12,772,450 |
$4,686,137
$638,623 |
$7,447,690 |
| 11 |
$13,410,799 |
$4,922,326
$670,540 |
$7,817,933 |
| 12 |
$14,081,421 |
$5,170,456
$704,071 |
$8,206,894 |
| 13 |
$14,785,410 |
$5,430,932
$739,271 |
$8,615,207 |
| 14 |
$15,524,954 |
$5,704,563
$776,248 |
$9,044,143 |
| 15 |
$16,301,147 |
$5,991,755
$815,057 |
$9,494,335 |
| 16 |
$17,116,177 |
$6,293,316
$855,809 |
$9,967,052 |
| 17 |
$17,971,685 |
$6,609,854
$898,584 |
$10,463,247 |
| 18 |
$18,870,406 |
$6,942,381
$943,520 |
$10,984,505 |
| 19 |
$19,813,981 |
$7,291,503
$990,699 |
$11,531,779 |
| 20 |
$20,804,598 |
$7,658,032
$1,040,230 |
$12,106,336 |
| 21 |
$21,844,992 |
$8,042,977
$1,092,250 |
$12,709,765 |
| 22 |
$22,937,351 |
$8,447,150
$1,146,868 |
$13,343,333 |
| 23 |
$24,083,863 |
$8,871,360
$1,204,193 |
$14,008,310 |
| 24 |
$25,288,357 |
$9,317,022
$1,264,418 |
$14,706,917 |
| 25 |
$26,552,474 |
$9,784,746
$1,327,624 |
$15,440,104 |
| 26 |
$27,880,590 |
$10,276,149
$1,394,030 |
$16,210,411 |
| 27 |
$29,274,346 |
$10,791,838
$1,463,717 |
$17,018,791 |
| 28 |
$30,738,118 |
$11,333,434
$1,536,906 |
$17,867,778 |
| 29 |
$32,275,188 |
$11,902,150
$1,613,759 |
$18,759,279 |
| 30 |
$33,888,838 |
$12,499,200
$1,694,442 |
$19,695,196 |
|
|
