The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 Fri Oct 17, 2025 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $288,800,000 | | Federal Tax(24%) | $69,312,000 | | Additional Federal Tax | $37,504,330 | | State Tax(7.25%) | $20,938,000 | | Net Lumpsum Payment | $161,045,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$681,998 |
$5,284,003 |
| 2 |
$9,877,500 |
$3,615,005
$716,119 |
$5,546,376 |
| 3 |
$10,371,250 |
$3,797,693
$751,916 |
$5,821,641 |
| 4 |
$10,890,000 |
$3,989,630
$789,525 |
$6,110,845 |
| 5 |
$11,434,375 |
$4,191,049
$828,992 |
$6,414,334 |
| 6 |
$12,006,250 |
$4,402,643
$870,453 |
$6,733,154 |
| 7 |
$12,606,250 |
$4,624,643
$913,953 |
$7,067,654 |
| 8 |
$13,236,875 |
$4,857,974
$959,673 |
$7,419,228 |
| 9 |
$13,898,750 |
$5,102,868
$1,007,659 |
$7,788,223 |
| 10 |
$14,593,750 |
$5,360,018
$1,058,047 |
$8,175,685 |
| 11 |
$15,323,125 |
$5,629,887
$1,110,927 |
$8,582,311 |
| 12 |
$16,089,375 |
$5,913,399
$1,166,480 |
$9,009,496 |
| 13 |
$16,893,750 |
$6,211,018
$1,224,797 |
$9,457,935 |
| 14 |
$17,738,750 |
$6,523,668
$1,286,059 |
$9,929,023 |
| 15 |
$18,625,625 |
$6,851,812
$1,350,358 |
$10,423,455 |
| 16 |
$19,556,875 |
$7,196,374
$1,417,873 |
$10,942,628 |
| 17 |
$20,534,375 |
$7,558,049
$1,488,742 |
$11,487,584 |
| 18 |
$21,561,250 |
$7,937,993
$1,563,191 |
$12,060,066 |
| 19 |
$22,639,375 |
$8,336,899
$1,641,355 |
$12,661,121 |
| 20 |
$23,771,250 |
$8,755,693
$1,723,416 |
$13,292,141 |
| 21 |
$24,960,000 |
$9,195,530
$1,809,600 |
$13,954,870 |
| 22 |
$26,208,125 |
$9,657,337
$1,900,089 |
$14,650,699 |
| 23 |
$27,518,125 |
$10,142,037
$1,995,064 |
$15,381,024 |
| 24 |
$28,894,375 |
$10,651,249
$2,094,842 |
$16,148,284 |
| 25 |
$30,338,750 |
$11,185,668
$2,199,559 |
$16,953,523 |
| 26 |
$31,856,250 |
$11,747,143
$2,309,578 |
$17,799,529 |
| 27 |
$33,448,750 |
$12,336,368
$2,425,034 |
$18,687,348 |
| 28 |
$35,121,250 |
$12,955,193
$2,546,291 |
$19,619,766 |
| 29 |
$36,877,500 |
$13,605,005
$2,673,619 |
$20,598,876 |
| 30 |
$38,721,250 |
$14,287,193
$2,807,291 |
$21,626,766 |
|
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