The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(7.25%) | $19,183,500 | | Net Lumpsum Payment | $147,554,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$627,439 |
$4,864,455 |
| 2 |
$9,087,300 |
$3,322,631
$658,829 |
$5,105,840 |
| 3 |
$9,541,550 |
$3,490,704
$691,762 |
$5,359,084 |
| 4 |
$10,018,800 |
$3,667,286
$726,363 |
$5,625,151 |
| 5 |
$10,519,625 |
$3,852,592
$762,673 |
$5,904,360 |
| 6 |
$11,045,750 |
$4,047,258
$800,817 |
$6,197,675 |
| 7 |
$11,597,750 |
$4,251,498
$840,837 |
$6,505,415 |
| 8 |
$12,177,925 |
$4,466,163
$882,900 |
$6,828,862 |
| 9 |
$12,786,850 |
$4,691,465
$927,047 |
$7,168,338 |
| 10 |
$13,426,250 |
$4,928,043
$973,403 |
$7,524,804 |
| 11 |
$14,097,275 |
$5,176,322
$1,022,052 |
$7,898,901 |
| 12 |
$14,802,225 |
$5,437,154
$1,073,161 |
$8,291,910 |
| 13 |
$15,542,250 |
$5,710,963
$1,126,813 |
$8,704,474 |
| 14 |
$16,319,650 |
$5,998,601
$1,183,175 |
$9,137,874 |
| 15 |
$17,135,575 |
$6,300,493
$1,242,329 |
$9,592,753 |
| 16 |
$17,992,325 |
$6,617,491
$1,304,444 |
$10,070,390 |
| 17 |
$18,891,625 |
$6,950,232
$1,369,643 |
$10,571,750 |
| 18 |
$19,836,350 |
$7,299,780
$1,438,135 |
$11,098,435 |
| 19 |
$20,828,225 |
$7,666,774
$1,510,046 |
$11,651,405 |
| 20 |
$21,869,550 |
$8,052,064
$1,585,542 |
$12,231,944 |
| 21 |
$22,963,200 |
$8,456,714
$1,664,832 |
$12,841,654 |
| 22 |
$24,111,475 |
$8,881,576
$1,748,082 |
$13,481,817 |
| 23 |
$25,316,675 |
$9,327,500
$1,835,459 |
$14,153,716 |
| 24 |
$26,582,825 |
$9,795,976
$1,927,255 |
$14,859,594 |
| 25 |
$27,911,650 |
$10,287,641
$2,023,595 |
$15,600,414 |
| 26 |
$29,307,750 |
$10,804,198
$2,124,812 |
$16,378,740 |
| 27 |
$30,772,850 |
$11,346,285
$2,231,032 |
$17,195,533 |
| 28 |
$32,311,550 |
$11,915,604
$2,342,587 |
$18,053,359 |
| 29 |
$33,927,300 |
$12,513,431
$2,459,729 |
$18,954,140 |
| 30 |
$35,623,550 |
$13,141,044
$2,582,707 |
$19,899,799 |
|
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