The jackpot for the MEGA Millions draw on Fri May 30, 2025, is projected to be $189 Million, with an option for a cash payout of $82.7 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Fri May 30, 2025 |
|---|
| Draw Date | Fri May 30, 2025 | | Projected Jackpot | $189,000,000 | | Cash Value | $82,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,700,000 | | Federal Tax(24%) | $19,848,000 | | Additional Federal Tax | $10,711,330 | | State Tax(7.25%) | $5,995,750 | | Net Lumpsum Payment | $46,144,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,844,639 |
$1,012,847
$206,236 |
$1,625,556 |
| 2 |
$2,986,956 |
$1,065,504
$216,554 |
$1,704,898 |
| 3 |
$3,136,266 |
$1,120,749
$227,379 |
$1,788,138 |
| 4 |
$3,293,136 |
$1,178,791
$238,752 |
$1,875,593 |
| 5 |
$3,457,755 |
$1,239,700
$250,687 |
$1,967,368 |
| 6 |
$3,630,690 |
$1,303,686
$263,225 |
$2,063,779 |
| 7 |
$3,812,130 |
$1,370,818
$276,379 |
$2,164,933 |
| 8 |
$4,002,831 |
$1,441,378
$290,205 |
$2,271,248 |
| 9 |
$4,202,982 |
$1,515,434
$304,716 |
$2,382,832 |
| 10 |
$4,413,150 |
$1,593,196
$319,953 |
$2,500,001 |
| 11 |
$4,633,713 |
$1,674,804
$335,944 |
$2,622,965 |
| 12 |
$4,865,427 |
$1,760,538
$352,743 |
$2,752,146 |
| 13 |
$5,108,670 |
$1,850,538
$370,379 |
$2,887,753 |
| 14 |
$5,364,198 |
$1,945,084
$388,904 |
$3,030,210 |
| 15 |
$5,632,389 |
$2,044,314
$408,348 |
$3,179,727 |
| 16 |
$5,913,999 |
$2,148,510
$428,765 |
$3,336,724 |
| 17 |
$6,209,595 |
$2,257,881
$450,196 |
$3,501,518 |
| 18 |
$6,520,122 |
$2,372,776
$472,709 |
$3,674,637 |
| 19 |
$6,846,147 |
$2,493,405
$496,346 |
$3,856,396 |
| 20 |
$7,188,426 |
$2,620,048
$521,161 |
$4,047,217 |
| 21 |
$7,547,904 |
$2,753,055
$547,223 |
$4,247,626 |
| 22 |
$7,925,337 |
$2,892,705
$574,587 |
$4,458,045 |
| 23 |
$8,321,481 |
$3,039,278
$603,307 |
$4,678,896 |
| 24 |
$8,737,659 |
$3,193,264
$633,480 |
$4,910,915 |
| 25 |
$9,174,438 |
$3,354,872
$665,147 |
$5,154,419 |
| 26 |
$9,633,330 |
$3,524,662
$698,416 |
$5,410,252 |
| 27 |
$10,114,902 |
$3,702,844
$733,330 |
$5,678,728 |
| 28 |
$10,620,666 |
$3,889,977
$769,998 |
$5,960,691 |
| 29 |
$11,151,756 |
$4,086,480
$808,502 |
$6,256,774 |
| 30 |
$11,709,306 |
$4,292,774
$848,925 |
$6,567,607 |
|
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