The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 Tue May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(7.25%) | $3,581,500 | | Net Lumpsum Payment | $27,580,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$120,032 |
$962,672 |
| 2 |
$1,738,440 |
$603,553
$126,037 |
$1,008,850 |
| 3 |
$1,825,340 |
$635,706
$132,337 |
$1,057,297 |
| 4 |
$1,916,640 |
$669,487
$138,956 |
$1,108,197 |
| 5 |
$2,012,450 |
$704,937
$145,903 |
$1,161,610 |
| 6 |
$2,113,100 |
$742,177
$153,200 |
$1,217,723 |
| 7 |
$2,218,700 |
$781,249
$160,856 |
$1,276,595 |
| 8 |
$2,329,690 |
$822,316
$168,903 |
$1,338,471 |
| 9 |
$2,446,180 |
$865,417
$177,348 |
$1,403,415 |
| 10 |
$2,568,500 |
$910,675
$186,216 |
$1,471,609 |
| 11 |
$2,696,870 |
$958,172
$195,523 |
$1,543,175 |
| 12 |
$2,831,730 |
$1,008,070
$205,300 |
$1,618,360 |
| 13 |
$2,973,300 |
$1,060,451
$215,564 |
$1,697,285 |
| 14 |
$3,122,020 |
$1,115,478
$226,346 |
$1,780,196 |
| 15 |
$3,278,110 |
$1,173,231
$237,663 |
$1,867,216 |
| 16 |
$3,442,010 |
$1,233,874
$249,546 |
$1,958,590 |
| 17 |
$3,614,050 |
$1,297,529
$262,019 |
$2,054,502 |
| 18 |
$3,794,780 |
$1,364,399
$275,122 |
$2,155,259 |
| 19 |
$3,984,530 |
$1,434,606
$288,878 |
$2,261,046 |
| 20 |
$4,183,740 |
$1,508,314
$303,321 |
$2,372,105 |
| 21 |
$4,392,960 |
$1,585,726
$318,490 |
$2,488,744 |
| 22 |
$4,612,630 |
$1,667,003
$334,416 |
$2,611,211 |
| 23 |
$4,843,190 |
$1,752,311
$351,131 |
$2,739,748 |
| 24 |
$5,085,410 |
$1,841,932
$368,692 |
$2,874,786 |
| 25 |
$5,339,620 |
$1,935,990
$387,122 |
$3,016,508 |
| 26 |
$5,606,700 |
$2,034,809
$406,486 |
$3,165,405 |
| 27 |
$5,886,980 |
$2,138,513
$426,806 |
$3,321,661 |
| 28 |
$6,181,340 |
$2,247,426
$448,147 |
$3,485,767 |
| 29 |
$6,490,440 |
$2,361,793
$470,557 |
$3,658,090 |
| 30 |
$6,814,940 |
$2,481,858
$494,083 |
$3,838,999 |
|
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