The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(7.25%) | $11,273,750 | | Net Lumpsum Payment | $86,730,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$379,737 |
$2,959,714 |
| 2 |
$5,499,792 |
$1,995,253
$398,735 |
$3,105,804 |
| 3 |
$5,774,712 |
$2,096,974
$418,667 |
$3,259,071 |
| 4 |
$6,063,552 |
$2,203,845
$439,608 |
$3,420,099 |
| 5 |
$6,366,660 |
$2,315,995
$461,583 |
$3,589,082 |
| 6 |
$6,685,080 |
$2,433,810
$484,668 |
$3,766,602 |
| 7 |
$7,019,160 |
$2,557,420
$508,889 |
$3,952,851 |
| 8 |
$7,370,292 |
$2,687,338
$534,346 |
$4,148,608 |
| 9 |
$7,738,824 |
$2,823,695
$561,065 |
$4,354,064 |
| 10 |
$8,125,800 |
$2,966,876
$589,121 |
$4,569,803 |
| 11 |
$8,531,916 |
$3,117,139
$618,564 |
$4,796,213 |
| 12 |
$8,958,564 |
$3,274,999
$649,496 |
$5,034,069 |
| 13 |
$9,406,440 |
$3,440,713
$681,967 |
$5,283,760 |
| 14 |
$9,876,936 |
$3,614,797
$716,078 |
$5,546,061 |
| 15 |
$10,370,748 |
$3,797,507
$751,879 |
$5,821,362 |
| 16 |
$10,889,268 |
$3,989,360
$789,472 |
$6,110,436 |
| 17 |
$11,433,540 |
$4,190,740
$828,932 |
$6,413,868 |
| 18 |
$12,005,304 |
$4,402,293
$870,385 |
$6,732,626 |
| 19 |
$12,605,604 |
$4,624,404
$913,906 |
$7,067,294 |
| 20 |
$13,235,832 |
$4,857,588
$959,598 |
$7,418,646 |
| 21 |
$13,897,728 |
$5,102,490
$1,007,585 |
$7,787,653 |
| 22 |
$14,592,684 |
$5,359,623
$1,057,970 |
$8,175,091 |
| 23 |
$15,322,092 |
$5,629,504
$1,110,852 |
$8,581,736 |
| 24 |
$16,088,388 |
$5,913,034
$1,166,408 |
$9,008,946 |
| 25 |
$16,892,616 |
$6,210,598
$1,224,715 |
$9,457,303 |
| 26 |
$17,737,560 |
$6,523,228
$1,285,973 |
$9,928,359 |
| 27 |
$18,624,264 |
$6,851,308
$1,350,259 |
$10,422,697 |
| 28 |
$19,555,512 |
$7,195,870
$1,417,775 |
$10,941,867 |
| 29 |
$20,533,392 |
$7,557,685
$1,488,671 |
$11,487,036 |
| 30 |
$21,559,992 |
$7,937,527
$1,563,099 |
$12,059,366 |
|
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