The jackpot for the MEGA Millions draw on Tue Dec 30, 2025, is projected to be $138 Million, with an option for a cash payout of $63.3 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 Iowa residents, the state will deduct 5% from your lottery earnings.
| Iowa MEGA Millions Jackpot/Cash Option for Tue Dec 30, 2025 |
|---|
| Draw Date | Tue Dec 30, 2025 | | Projected Jackpot | $138,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(5%) | $3,165,000 | | Net Lumpsum Payment | $36,753,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,077,038 |
$728,834
$103,852 |
$1,244,352 |
| 2 |
$2,180,952 |
$767,283
$109,048 |
$1,304,621 |
| 3 |
$2,289,972 |
$807,620
$114,499 |
$1,367,853 |
| 4 |
$2,404,512 |
$850,000
$120,226 |
$1,434,286 |
| 5 |
$2,524,710 |
$894,473
$126,236 |
$1,504,001 |
| 6 |
$2,650,980 |
$941,193
$132,549 |
$1,577,238 |
| 7 |
$2,783,460 |
$990,211
$139,173 |
$1,654,076 |
| 8 |
$2,922,702 |
$1,041,730
$146,135 |
$1,734,837 |
| 9 |
$3,068,844 |
$1,095,803
$153,442 |
$1,819,599 |
| 10 |
$3,222,300 |
$1,152,581
$161,115 |
$1,908,604 |
| 11 |
$3,383,346 |
$1,212,168
$169,167 |
$2,002,011 |
| 12 |
$3,552,534 |
$1,274,768
$177,627 |
$2,100,139 |
| 13 |
$3,730,140 |
$1,340,482
$186,507 |
$2,203,151 |
| 14 |
$3,916,716 |
$1,409,515
$195,836 |
$2,311,365 |
| 15 |
$4,112,538 |
$1,481,969
$205,627 |
$2,424,942 |
| 16 |
$4,318,158 |
$1,558,049
$215,908 |
$2,544,201 |
| 17 |
$4,533,990 |
$1,637,907
$226,700 |
$2,669,383 |
| 18 |
$4,760,724 |
$1,721,798
$238,036 |
$2,800,890 |
| 19 |
$4,998,774 |
$1,809,877
$249,939 |
$2,938,958 |
| 20 |
$5,248,692 |
$1,902,346
$262,435 |
$3,083,911 |
| 21 |
$5,511,168 |
$1,999,463
$275,558 |
$3,236,147 |
| 22 |
$5,786,754 |
$2,101,429
$289,338 |
$3,395,987 |
| 23 |
$6,076,002 |
$2,208,451
$303,800 |
$3,563,751 |
| 24 |
$6,379,878 |
$2,320,885
$318,994 |
$3,739,999 |
| 25 |
$6,698,796 |
$2,438,885
$334,940 |
$3,924,971 |
| 26 |
$7,033,860 |
$2,562,859
$351,693 |
$4,119,308 |
| 27 |
$7,385,484 |
$2,692,959
$369,274 |
$4,323,251 |
| 28 |
$7,754,772 |
$2,829,596
$387,739 |
$4,537,437 |
| 29 |
$8,142,552 |
$2,973,075
$407,128 |
$4,762,349 |
| 30 |
$8,549,652 |
$3,123,702
$427,483 |
$4,998,467 |
|
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