The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(7.25%) | $24,222,250 | | Net Lumpsum Payment | $186,300,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$779,115 |
$6,030,795 |
| 2 |
$11,284,056 |
$4,135,431
$818,094 |
$6,330,531 |
| 3 |
$11,848,116 |
$4,344,133
$858,988 |
$6,644,995 |
| 4 |
$12,440,736 |
$4,563,403
$901,953 |
$6,975,380 |
| 5 |
$13,062,630 |
$4,793,503
$947,041 |
$7,322,086 |
| 6 |
$13,715,940 |
$5,035,228
$994,406 |
$7,686,306 |
| 7 |
$14,401,380 |
$5,288,841
$1,044,100 |
$8,068,439 |
| 8 |
$15,121,806 |
$5,555,399
$1,096,331 |
$8,470,076 |
| 9 |
$15,877,932 |
$5,835,165
$1,151,150 |
$8,891,617 |
| 10 |
$16,671,900 |
$6,128,933
$1,208,713 |
$9,334,254 |
| 11 |
$17,505,138 |
$6,437,231
$1,269,123 |
$9,798,784 |
| 12 |
$18,380,502 |
$6,761,116
$1,332,586 |
$10,286,800 |
| 13 |
$19,299,420 |
$7,101,116
$1,399,208 |
$10,799,096 |
| 14 |
$20,264,748 |
$7,458,287
$1,469,194 |
$11,337,267 |
| 15 |
$21,277,914 |
$7,833,159
$1,542,649 |
$11,902,106 |
| 16 |
$22,341,774 |
$8,226,787
$1,619,779 |
$12,495,208 |
| 17 |
$23,458,470 |
$8,639,964
$1,700,739 |
$13,117,767 |
| 18 |
$24,631,572 |
$9,074,012
$1,785,789 |
$13,771,771 |
| 19 |
$25,863,222 |
$9,529,723
$1,875,084 |
$14,458,415 |
| 20 |
$27,156,276 |
$10,008,153
$1,968,830 |
$15,179,293 |
| 21 |
$28,514,304 |
$10,510,623
$2,067,287 |
$15,936,394 |
| 22 |
$29,940,162 |
$11,038,190
$2,170,662 |
$16,731,310 |
| 23 |
$31,436,706 |
$11,591,912
$2,279,161 |
$17,565,633 |
| 24 |
$33,008,934 |
$12,173,636
$2,393,148 |
$18,442,150 |
| 25 |
$34,658,988 |
$12,784,156
$2,512,777 |
$19,362,055 |
| 26 |
$36,392,580 |
$13,425,585
$2,638,462 |
$20,328,533 |
| 27 |
$38,211,852 |
$14,098,716
$2,770,359 |
$21,342,777 |
| 28 |
$40,122,516 |
$14,805,661
$2,908,882 |
$22,407,973 |
| 29 |
$42,128,856 |
$15,548,007
$3,054,342 |
$23,526,507 |
| 30 |
$44,235,156 |
$16,327,338
$3,207,049 |
$24,700,769 |
|
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