The jackpot for the MEGA Millions draw on Tue Dec 23, 2025, is projected to be $100 Million, with an option for a cash payout of $45.5 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 Dec 23, 2025 |
|---|
| Draw Date | Tue Dec 23, 2025 | | Projected Jackpot | $100,000,000 | | Cash Value | $45,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $45,500,000 | | Federal Tax(24%) | $10,920,000 | | Additional Federal Tax | $5,875,330 | | State Tax(7.25%) | $3,298,750 | | Net Lumpsum Payment | $25,405,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$109,120 |
$878,763 |
| 2 |
$1,580,400 |
$545,078
$114,579 |
$920,743 |
| 3 |
$1,659,400 |
$574,308
$120,307 |
$964,785 |
| 4 |
$1,742,400 |
$605,018
$126,324 |
$1,011,058 |
| 5 |
$1,829,500 |
$637,245
$132,639 |
$1,059,616 |
| 6 |
$1,921,000 |
$671,100
$139,273 |
$1,110,627 |
| 7 |
$2,017,000 |
$706,620
$146,233 |
$1,164,147 |
| 8 |
$2,117,900 |
$743,953
$153,548 |
$1,220,399 |
| 9 |
$2,223,800 |
$783,136
$161,226 |
$1,279,438 |
| 10 |
$2,335,000 |
$824,280
$169,288 |
$1,341,432 |
| 11 |
$2,451,700 |
$867,459
$177,748 |
$1,406,493 |
| 12 |
$2,574,300 |
$912,821
$186,637 |
$1,474,842 |
| 13 |
$2,703,000 |
$960,440
$195,968 |
$1,546,592 |
| 14 |
$2,838,200 |
$1,010,464
$205,770 |
$1,621,966 |
| 15 |
$2,980,100 |
$1,062,967
$216,057 |
$1,701,076 |
| 16 |
$3,129,100 |
$1,118,097
$226,860 |
$1,784,143 |
| 17 |
$3,285,500 |
$1,175,965
$238,199 |
$1,871,336 |
| 18 |
$3,449,800 |
$1,236,756
$250,111 |
$1,962,933 |
| 19 |
$3,622,300 |
$1,300,581
$262,617 |
$2,059,102 |
| 20 |
$3,803,400 |
$1,367,588
$275,747 |
$2,160,065 |
| 21 |
$3,993,600 |
$1,437,962
$289,536 |
$2,266,102 |
| 22 |
$4,193,300 |
$1,511,851
$304,014 |
$2,377,435 |
| 23 |
$4,402,900 |
$1,589,403
$319,210 |
$2,494,287 |
| 24 |
$4,623,100 |
$1,670,877
$335,175 |
$2,617,048 |
| 25 |
$4,854,200 |
$1,756,384
$351,930 |
$2,745,886 |
| 26 |
$5,097,000 |
$1,846,220
$369,533 |
$2,881,247 |
| 27 |
$5,351,800 |
$1,940,496
$388,006 |
$3,023,298 |
| 28 |
$5,619,400 |
$2,039,508
$407,407 |
$3,172,485 |
| 29 |
$5,900,400 |
$2,143,478
$427,779 |
$3,329,143 |
| 30 |
$6,195,400 |
$2,252,628
$449,167 |
$3,493,605 |
|
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