The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Tue Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(4%) | $7,432,000 | | Net Lumpsum Payment | $109,661,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$240,816 |
$3,591,706 |
| 2 |
$6,321,600 |
$2,299,322
$252,864 |
$3,769,414 |
| 3 |
$6,637,600 |
$2,416,242
$265,504 |
$3,955,854 |
| 4 |
$6,969,600 |
$2,539,082
$278,784 |
$4,151,734 |
| 5 |
$7,318,000 |
$2,667,990
$292,720 |
$4,357,290 |
| 6 |
$7,684,000 |
$2,803,410
$307,360 |
$4,573,230 |
| 7 |
$8,068,000 |
$2,945,490
$322,720 |
$4,799,790 |
| 8 |
$8,471,600 |
$3,094,822
$338,864 |
$5,037,914 |
| 9 |
$8,895,200 |
$3,251,554
$355,808 |
$5,287,838 |
| 10 |
$9,340,000 |
$3,416,130
$373,600 |
$5,550,270 |
| 11 |
$9,806,800 |
$3,588,846
$392,272 |
$5,825,682 |
| 12 |
$10,297,200 |
$3,770,294
$411,888 |
$6,115,018 |
| 13 |
$10,812,000 |
$3,960,770
$432,480 |
$6,418,750 |
| 14 |
$11,352,800 |
$4,160,866
$454,112 |
$6,737,822 |
| 15 |
$11,920,400 |
$4,370,878
$476,816 |
$7,072,706 |
| 16 |
$12,516,400 |
$4,591,398
$500,656 |
$7,424,346 |
| 17 |
$13,142,000 |
$4,822,870
$525,680 |
$7,793,450 |
| 18 |
$13,799,200 |
$5,066,034
$551,968 |
$8,181,198 |
| 19 |
$14,489,200 |
$5,321,334
$579,568 |
$8,588,298 |
| 20 |
$15,213,600 |
$5,589,362
$608,544 |
$9,015,694 |
| 21 |
$15,974,400 |
$5,870,858
$638,976 |
$9,464,566 |
| 22 |
$16,773,200 |
$6,166,414
$670,928 |
$9,935,858 |
| 23 |
$17,611,600 |
$6,476,622
$704,464 |
$10,430,514 |
| 24 |
$18,492,400 |
$6,802,518
$739,696 |
$10,950,186 |
| 25 |
$19,416,800 |
$7,144,546
$776,672 |
$11,495,582 |
| 26 |
$20,388,000 |
$7,503,890
$815,520 |
$12,068,590 |
| 27 |
$21,407,200 |
$7,880,994
$856,288 |
$12,669,918 |
| 28 |
$22,477,600 |
$8,277,042
$899,104 |
$13,301,454 |
| 29 |
$23,601,600 |
$8,692,922
$944,064 |
$13,964,614 |
| 30 |
$24,781,600 |
$9,129,522
$991,264 |
$14,660,814 |
|
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