The jackpot for the MEGA Millions draw on Tue Mar 11, 2025, is projected to be $256 Million, with an option for a cash payout of $119.5 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 Missouri residents, the state will deduct 4% from your lottery earnings.
Missouri MEGA Millions Jackpot/Cash Option for Tue Mar 11, 2025 |
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Draw Date | Tue Mar 11, 2025 | Projected Jackpot | $256,000,000 | Cash Value | $119,500,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $119,500,000 | Federal Tax(24%) | $28,680,000 | Additional Federal Tax | $15,495,330 | State Tax(4%) | $4,780,000 | Net Lumpsum Payment | $70,544,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,853,056 |
$1,385,961 $154,122 |
$2,312,973 |
2 |
$4,045,824 |
$1,457,285 $161,833 |
$2,426,706 |
3 |
$4,248,064 |
$1,532,114 $169,923 |
$2,546,027 |
4 |
$4,460,544 |
$1,610,732 $178,422 |
$2,671,390 |
5 |
$4,683,520 |
$1,693,233 $187,341 |
$2,802,946 |
6 |
$4,917,760 |
$1,779,902 $196,710 |
$2,941,148 |
7 |
$5,163,520 |
$1,870,833 $206,541 |
$3,086,146 |
8 |
$5,421,824 |
$1,966,405 $216,873 |
$3,238,546 |
9 |
$5,692,928 |
$2,066,714 $227,717 |
$3,398,497 |
10 |
$5,977,600 |
$2,172,042 $239,104 |
$3,566,454 |
11 |
$6,276,352 |
$2,282,581 $251,054 |
$3,742,717 |
12 |
$6,590,208 |
$2,398,707 $263,608 |
$3,927,893 |
13 |
$6,919,680 |
$2,520,612 $276,787 |
$4,122,281 |
14 |
$7,265,792 |
$2,648,673 $290,632 |
$4,326,487 |
15 |
$7,629,056 |
$2,783,081 $305,162 |
$4,540,813 |
16 |
$8,010,496 |
$2,924,214 $320,420 |
$4,765,862 |
17 |
$8,410,880 |
$3,072,356 $336,435 |
$5,002,089 |
18 |
$8,831,488 |
$3,227,981 $353,260 |
$5,250,247 |
19 |
$9,273,088 |
$3,391,373 $370,924 |
$5,510,791 |
20 |
$9,736,704 |
$3,562,911 $389,468 |
$5,784,325 |
21 |
$10,223,616 |
$3,743,068 $408,945 |
$6,071,603 |
22 |
$10,734,848 |
$3,932,224 $429,394 |
$6,373,230 |
23 |
$11,271,424 |
$4,130,757 $450,857 |
$6,689,810 |
24 |
$11,835,136 |
$4,339,331 $473,405 |
$7,022,400 |
25 |
$12,426,752 |
$4,558,229 $497,070 |
$7,371,453 |
26 |
$13,048,320 |
$4,788,209 $521,933 |
$7,738,178 |
27 |
$13,700,608 |
$5,029,555 $548,024 |
$8,123,029 |
28 |
$14,385,664 |
$5,283,026 $575,427 |
$8,527,211 |
29 |
$15,105,024 |
$5,549,189 $604,201 |
$8,951,634 |
30 |
$15,860,224 |
$5,828,613 $634,409 |
$9,397,202 |
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