The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(7.25%) | $9,142,250 | | Net Lumpsum Payment | $70,340,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$305,535 |
$2,389,131 |
| 2 |
$4,425,120 |
$1,597,625
$320,821 |
$2,506,674 |
| 3 |
$4,646,320 |
$1,679,469
$336,858 |
$2,629,993 |
| 4 |
$4,878,720 |
$1,765,457
$353,707 |
$2,759,556 |
| 5 |
$5,122,600 |
$1,855,692
$371,389 |
$2,895,519 |
| 6 |
$5,378,800 |
$1,950,486
$389,963 |
$3,038,351 |
| 7 |
$5,647,600 |
$2,049,942
$409,451 |
$3,188,207 |
| 8 |
$5,930,120 |
$2,154,475
$429,934 |
$3,345,711 |
| 9 |
$6,226,640 |
$2,264,187
$451,431 |
$3,511,022 |
| 10 |
$6,538,000 |
$2,379,390
$474,005 |
$3,684,605 |
| 11 |
$6,864,760 |
$2,500,292
$497,695 |
$3,866,773 |
| 12 |
$7,208,040 |
$2,627,305
$522,583 |
$4,058,152 |
| 13 |
$7,568,400 |
$2,760,638
$548,709 |
$4,259,053 |
| 14 |
$7,946,960 |
$2,900,706
$576,155 |
$4,470,099 |
| 15 |
$8,344,280 |
$3,047,714
$604,960 |
$4,691,606 |
| 16 |
$8,761,480 |
$3,202,078
$635,207 |
$4,924,195 |
| 17 |
$9,199,400 |
$3,364,108
$666,957 |
$5,168,335 |
| 18 |
$9,659,440 |
$3,534,323
$700,309 |
$5,424,808 |
| 19 |
$10,142,440 |
$3,713,033
$735,327 |
$5,694,080 |
| 20 |
$10,649,520 |
$3,900,653
$772,090 |
$5,976,777 |
| 21 |
$11,182,080 |
$4,097,700
$810,701 |
$6,273,679 |
| 22 |
$11,741,240 |
$4,304,589
$851,240 |
$6,585,411 |
| 23 |
$12,328,120 |
$4,521,735
$893,789 |
$6,912,596 |
| 24 |
$12,944,680 |
$4,749,862
$938,489 |
$7,256,329 |
| 25 |
$13,591,760 |
$4,989,282
$985,403 |
$7,617,075 |
| 26 |
$14,271,600 |
$5,240,822
$1,034,691 |
$7,996,087 |
| 27 |
$14,985,040 |
$5,504,795
$1,086,415 |
$8,393,830 |
| 28 |
$15,734,320 |
$5,782,029
$1,140,738 |
$8,811,553 |
| 29 |
$16,521,120 |
$6,073,145
$1,197,781 |
$9,250,194 |
| 30 |
$17,347,120 |
$6,378,765
$1,257,666 |
$9,710,689 |
|
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