The jackpot for the MEGA Millions draw on Tue Sep 9, 2025, is projected to be $358 Million, with an option for a cash payout of $164.5 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 Sep 9, 2025 |
|---|
| Draw Date | Tue Sep 9, 2025 | | Projected Jackpot | $358,000,000 | | Cash Value | $164,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $164,500,000 | | Federal Tax(24%) | $39,480,000 | | Additional Federal Tax | $21,345,330 | | State Tax(7.25%) | $11,926,250 | | Net Lumpsum Payment | $91,748,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,388,258 |
$1,953,986
$390,649 |
$3,043,623 |
| 2 |
$5,657,832 |
$2,053,728
$410,193 |
$3,193,911 |
| 3 |
$5,940,652 |
$2,158,372
$430,697 |
$3,351,583 |
| 4 |
$6,237,792 |
$2,268,313
$452,240 |
$3,517,239 |
| 5 |
$6,549,610 |
$2,383,686
$474,847 |
$3,691,077 |
| 6 |
$6,877,180 |
$2,504,887
$498,596 |
$3,873,697 |
| 7 |
$7,220,860 |
$2,632,049
$523,512 |
$4,065,299 |
| 8 |
$7,582,082 |
$2,765,701
$549,701 |
$4,266,680 |
| 9 |
$7,961,204 |
$2,905,976
$577,187 |
$4,478,041 |
| 10 |
$8,359,300 |
$3,053,271
$606,049 |
$4,699,980 |
| 11 |
$8,777,086 |
$3,207,852
$636,339 |
$4,932,895 |
| 12 |
$9,215,994 |
$3,370,248
$668,160 |
$5,177,586 |
| 13 |
$9,676,740 |
$3,540,724
$701,564 |
$5,434,452 |
| 14 |
$10,160,756 |
$3,719,810
$736,655 |
$5,704,291 |
| 15 |
$10,668,758 |
$3,907,771
$773,485 |
$5,987,502 |
| 16 |
$11,202,178 |
$4,105,136
$812,158 |
$6,284,884 |
| 17 |
$11,762,090 |
$4,312,304
$852,752 |
$6,597,034 |
| 18 |
$12,350,284 |
$4,529,935
$895,396 |
$6,924,953 |
| 19 |
$12,967,834 |
$4,758,429
$940,168 |
$7,269,237 |
| 20 |
$13,616,172 |
$4,998,314
$987,172 |
$7,630,686 |
| 21 |
$14,297,088 |
$5,250,253
$1,036,539 |
$8,010,296 |
| 22 |
$15,012,014 |
$5,514,776
$1,088,371 |
$8,408,867 |
| 23 |
$15,762,382 |
$5,792,412
$1,142,773 |
$8,827,197 |
| 24 |
$16,550,698 |
$6,084,089
$1,199,926 |
$9,266,683 |
| 25 |
$17,378,036 |
$6,390,204
$1,259,908 |
$9,727,924 |
| 26 |
$18,247,260 |
$6,711,817
$1,322,926 |
$10,212,517 |
| 27 |
$19,159,444 |
$7,049,325
$1,389,060 |
$10,721,059 |
| 28 |
$20,117,452 |
$7,403,788
$1,458,515 |
$11,255,149 |
| 29 |
$21,123,432 |
$7,776,000
$1,531,449 |
$11,815,983 |
| 30 |
$22,179,532 |
$8,166,757
$1,608,016 |
$12,404,759 |
|
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