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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota 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(7.25%) | $13,470,500 | | Net Lumpsum Payment | $103,623,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$436,479 |
$3,396,043 |
| 2 |
$6,321,600 |
$2,299,322
$458,316 |
$3,563,962 |
| 3 |
$6,637,600 |
$2,416,242
$481,226 |
$3,740,132 |
| 4 |
$6,969,600 |
$2,539,082
$505,296 |
$3,925,222 |
| 5 |
$7,318,000 |
$2,667,990
$530,555 |
$4,119,455 |
| 6 |
$7,684,000 |
$2,803,410
$557,090 |
$4,323,500 |
| 7 |
$8,068,000 |
$2,945,490
$584,930 |
$4,537,580 |
| 8 |
$8,471,600 |
$3,094,822
$614,191 |
$4,762,587 |
| 9 |
$8,895,200 |
$3,251,554
$644,902 |
$4,998,744 |
| 10 |
$9,340,000 |
$3,416,130
$677,150 |
$5,246,720 |
| 11 |
$9,806,800 |
$3,588,846
$710,993 |
$5,506,961 |
| 12 |
$10,297,200 |
$3,770,294
$746,547 |
$5,780,359 |
| 13 |
$10,812,000 |
$3,960,770
$783,870 |
$6,067,360 |
| 14 |
$11,352,800 |
$4,160,866
$823,078 |
$6,368,856 |
| 15 |
$11,920,400 |
$4,370,878
$864,229 |
$6,685,293 |
| 16 |
$12,516,400 |
$4,591,398
$907,439 |
$7,017,563 |
| 17 |
$13,142,000 |
$4,822,870
$952,795 |
$7,366,335 |
| 18 |
$13,799,200 |
$5,066,034
$1,000,442 |
$7,732,724 |
| 19 |
$14,489,200 |
$5,321,334
$1,050,467 |
$8,117,399 |
| 20 |
$15,213,600 |
$5,589,362
$1,102,986 |
$8,521,252 |
| 21 |
$15,974,400 |
$5,870,858
$1,158,144 |
$8,945,398 |
| 22 |
$16,773,200 |
$6,166,414
$1,216,057 |
$9,390,729 |
| 23 |
$17,611,600 |
$6,476,622
$1,276,841 |
$9,858,137 |
| 24 |
$18,492,400 |
$6,802,518
$1,340,699 |
$10,349,183 |
| 25 |
$19,416,800 |
$7,144,546
$1,407,718 |
$10,864,536 |
| 26 |
$20,388,000 |
$7,503,890
$1,478,130 |
$11,405,980 |
| 27 |
$21,407,200 |
$7,880,994
$1,552,022 |
$11,974,184 |
| 28 |
$22,477,600 |
$8,277,042
$1,629,626 |
$12,570,932 |
| 29 |
$23,601,600 |
$8,692,922
$1,711,116 |
$13,197,562 |
| 30 |
$24,781,600 |
$9,129,522
$1,796,666 |
$13,855,412 |
|
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