The jackpot for the MEGA Millions draw on Fri Nov 7, 2025, is projected to be $843 Million, with an option for a cash payout of $391.7 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 Fri Nov 7, 2025 |
|---|
| Draw Date | Fri Nov 7, 2025 | | Projected Jackpot | $843,000,000 | | Cash Value | $391,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,700,000 | | Federal Tax(24%) | $94,008,000 | | Additional Federal Tax | $50,881,330 | | State Tax(7.25%) | $28,398,250 | | Net Lumpsum Payment | $218,412,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$919,879 |
$7,113,226 |
| 2 |
$13,322,772 |
$4,889,756
$965,901 |
$7,467,115 |
| 3 |
$13,988,742 |
$5,136,165
$1,014,184 |
$7,838,393 |
| 4 |
$14,688,432 |
$5,395,050
$1,064,911 |
$8,228,471 |
| 5 |
$15,422,685 |
$5,666,724
$1,118,145 |
$8,637,816 |
| 6 |
$16,194,030 |
$5,952,121
$1,174,067 |
$9,067,842 |
| 7 |
$17,003,310 |
$6,251,555
$1,232,740 |
$9,519,015 |
| 8 |
$17,853,897 |
$6,566,272
$1,294,408 |
$9,993,217 |
| 9 |
$18,746,634 |
$6,896,585
$1,359,131 |
$10,490,918 |
| 10 |
$19,684,050 |
$7,243,429
$1,427,094 |
$11,013,527 |
| 11 |
$20,667,831 |
$7,607,428
$1,498,418 |
$11,561,985 |
| 12 |
$21,701,349 |
$7,989,830
$1,573,348 |
$12,138,171 |
| 13 |
$22,786,290 |
$8,391,258
$1,652,006 |
$12,743,026 |
| 14 |
$23,926,026 |
$8,812,960
$1,734,637 |
$13,378,429 |
| 15 |
$25,122,243 |
$9,255,560
$1,821,363 |
$14,045,320 |
| 16 |
$26,378,313 |
$9,720,306
$1,912,428 |
$14,745,579 |
| 17 |
$27,696,765 |
$10,208,133
$2,008,015 |
$15,480,617 |
| 18 |
$29,081,814 |
$10,720,602
$2,108,432 |
$16,252,780 |
| 19 |
$30,535,989 |
$11,258,646
$2,213,859 |
$17,063,484 |
| 20 |
$32,062,662 |
$11,823,515
$2,324,543 |
$17,914,604 |
| 21 |
$33,666,048 |
$12,416,768
$2,440,788 |
$18,808,492 |
| 22 |
$35,349,519 |
$13,039,652
$2,562,840 |
$19,747,027 |
| 23 |
$37,116,447 |
$13,693,416
$2,690,942 |
$20,732,089 |
| 24 |
$38,972,733 |
$14,380,242
$2,825,523 |
$21,766,968 |
| 25 |
$40,920,906 |
$15,101,066
$2,966,766 |
$22,853,074 |
| 26 |
$42,967,710 |
$15,858,383
$3,115,159 |
$23,994,168 |
| 27 |
$45,115,674 |
$16,653,130
$3,270,886 |
$25,191,658 |
| 28 |
$47,371,542 |
$17,487,801
$3,434,437 |
$26,449,304 |
| 29 |
$49,740,372 |
$18,364,268
$3,606,177 |
$27,769,927 |
| 30 |
$52,227,222 |
$19,284,403
$3,786,474 |
$29,156,345 |
|
|
