The jackpot for the MEGA Millions draw on Fri Apr 18, 2025, is projected to be $112 Million, with an option for a cash payout of $49.3 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 Apr 18, 2025 |
|---|
| Draw Date | Fri Apr 18, 2025 | | Projected Jackpot | $112,000,000 | | Cash Value | $49,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,300,000 | | Federal Tax(24%) | $11,832,000 | | Additional Federal Tax | $6,369,330 | | State Tax(7.25%) | $3,574,250 | | Net Lumpsum Payment | $27,524,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,685,712 |
$584,044
$122,214 |
$979,454 |
| 2 |
$1,770,048 |
$615,248
$128,328 |
$1,026,472 |
| 3 |
$1,858,528 |
$647,986
$134,743 |
$1,075,799 |
| 4 |
$1,951,488 |
$682,381
$141,483 |
$1,127,624 |
| 5 |
$2,049,040 |
$718,475
$148,555 |
$1,182,010 |
| 6 |
$2,151,520 |
$756,393
$155,985 |
$1,239,142 |
| 7 |
$2,259,040 |
$796,175
$163,780 |
$1,299,085 |
| 8 |
$2,372,048 |
$837,988
$171,973 |
$1,362,087 |
| 9 |
$2,490,656 |
$881,873
$180,573 |
$1,428,210 |
| 10 |
$2,615,200 |
$927,954
$189,602 |
$1,497,644 |
| 11 |
$2,745,904 |
$976,315
$199,078 |
$1,570,511 |
| 12 |
$2,883,216 |
$1,027,120
$209,033 |
$1,647,063 |
| 13 |
$3,027,360 |
$1,080,454
$219,484 |
$1,727,422 |
| 14 |
$3,178,784 |
$1,136,480
$230,462 |
$1,811,842 |
| 15 |
$3,337,712 |
$1,195,284
$241,984 |
$1,900,444 |
| 16 |
$3,504,592 |
$1,257,029
$254,083 |
$1,993,480 |
| 17 |
$3,679,760 |
$1,321,842
$266,783 |
$2,091,135 |
| 18 |
$3,863,776 |
$1,389,928
$280,124 |
$2,193,724 |
| 19 |
$4,056,976 |
$1,461,412
$294,131 |
$2,301,433 |
| 20 |
$4,259,808 |
$1,536,459
$308,836 |
$2,414,513 |
| 21 |
$4,472,832 |
$1,615,278
$324,280 |
$2,533,274 |
| 22 |
$4,696,496 |
$1,698,034
$340,496 |
$2,657,966 |
| 23 |
$4,931,248 |
$1,784,892
$357,515 |
$2,788,841 |
| 24 |
$5,177,872 |
$1,876,143
$375,396 |
$2,926,333 |
| 25 |
$5,436,704 |
$1,971,911
$394,161 |
$3,070,632 |
| 26 |
$5,708,640 |
$2,072,527
$413,876 |
$3,222,237 |
| 27 |
$5,994,016 |
$2,178,116
$434,566 |
$3,381,334 |
| 28 |
$6,293,728 |
$2,289,010
$456,295 |
$3,548,423 |
| 29 |
$6,608,448 |
$2,405,456
$479,112 |
$3,723,880 |
| 30 |
$6,938,848 |
$2,527,704
$503,066 |
$3,908,078 |
|
|
