The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Fri Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(5%) | $15,910,000 | | Net Lumpsum Payment | $184,595,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$511,734 |
$5,975,784 |
| 2 |
$10,746,720 |
$3,936,617
$537,336 |
$6,272,767 |
| 3 |
$11,283,920 |
$4,135,381
$564,196 |
$6,584,343 |
| 4 |
$11,848,320 |
$4,344,209
$592,416 |
$6,911,695 |
| 5 |
$12,440,600 |
$4,563,352
$622,030 |
$7,255,218 |
| 6 |
$13,062,800 |
$4,793,566
$653,140 |
$7,616,094 |
| 7 |
$13,715,600 |
$5,035,102
$685,780 |
$7,994,718 |
| 8 |
$14,401,720 |
$5,288,967
$720,086 |
$8,392,667 |
| 9 |
$15,121,840 |
$5,555,411
$756,092 |
$8,810,337 |
| 10 |
$15,878,000 |
$5,835,190
$793,900 |
$9,248,910 |
| 11 |
$16,671,560 |
$6,128,808
$833,578 |
$9,709,174 |
| 12 |
$17,505,240 |
$6,437,269
$875,262 |
$10,192,709 |
| 13 |
$18,380,400 |
$6,761,078
$919,020 |
$10,700,302 |
| 14 |
$19,299,760 |
$7,101,242
$964,988 |
$11,233,530 |
| 15 |
$20,264,680 |
$7,458,262
$1,013,234 |
$11,793,184 |
| 16 |
$21,277,880 |
$7,833,146
$1,063,894 |
$12,380,840 |
| 17 |
$22,341,400 |
$8,226,648
$1,117,070 |
$12,997,682 |
| 18 |
$23,458,640 |
$8,640,027
$1,172,932 |
$13,645,681 |
| 19 |
$24,631,640 |
$9,074,037
$1,231,582 |
$14,326,021 |
| 20 |
$25,863,120 |
$9,529,685
$1,293,156 |
$15,040,279 |
| 21 |
$27,156,480 |
$10,008,228
$1,357,824 |
$15,790,428 |
| 22 |
$28,514,440 |
$10,510,673
$1,425,722 |
$16,578,045 |
| 23 |
$29,939,720 |
$11,038,027
$1,496,986 |
$17,404,707 |
| 24 |
$31,437,080 |
$11,592,050
$1,571,854 |
$18,273,176 |
| 25 |
$33,008,560 |
$12,173,498
$1,650,428 |
$19,184,634 |
| 26 |
$34,659,600 |
$12,784,382
$1,732,980 |
$20,142,238 |
| 27 |
$36,392,240 |
$13,425,459
$1,819,612 |
$21,147,169 |
| 28 |
$38,211,920 |
$14,098,741
$1,910,596 |
$22,202,583 |
| 29 |
$40,122,720 |
$14,805,737
$2,006,136 |
$23,310,847 |
| 30 |
$42,128,720 |
$15,547,957
$2,106,436 |
$24,474,327 |
|
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