The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(4%) | $5,828,000 | | Net Lumpsum Payment | $86,002,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$196,265 |
$2,934,579 |
| 2 |
$5,152,104 |
$1,866,609
$206,084 |
$3,079,411 |
| 3 |
$5,409,644 |
$1,961,899
$216,386 |
$3,231,359 |
| 4 |
$5,680,224 |
$2,062,013
$227,209 |
$3,391,002 |
| 5 |
$5,964,170 |
$2,167,073
$238,567 |
$3,558,530 |
| 6 |
$6,262,460 |
$2,277,441
$250,498 |
$3,734,521 |
| 7 |
$6,575,420 |
$2,393,236
$263,017 |
$3,919,167 |
| 8 |
$6,904,354 |
$2,514,941
$276,174 |
$4,113,239 |
| 9 |
$7,249,588 |
$2,642,678
$289,984 |
$4,316,926 |
| 10 |
$7,612,100 |
$2,776,807
$304,484 |
$4,530,809 |
| 11 |
$7,992,542 |
$2,917,571
$319,702 |
$4,755,269 |
| 12 |
$8,392,218 |
$3,065,451
$335,689 |
$4,991,078 |
| 13 |
$8,811,780 |
$3,220,689
$352,471 |
$5,238,620 |
| 14 |
$9,252,532 |
$3,383,767
$370,101 |
$5,498,664 |
| 15 |
$9,715,126 |
$3,554,927
$388,605 |
$5,771,594 |
| 16 |
$10,200,866 |
$3,734,651
$408,035 |
$6,058,180 |
| 17 |
$10,710,730 |
$3,923,300
$428,429 |
$6,359,001 |
| 18 |
$11,246,348 |
$4,121,479
$449,854 |
$6,675,015 |
| 19 |
$11,808,698 |
$4,329,549
$472,348 |
$7,006,801 |
| 20 |
$12,399,084 |
$4,547,991
$495,963 |
$7,355,130 |
| 21 |
$13,019,136 |
$4,777,411
$520,765 |
$7,720,960 |
| 22 |
$13,670,158 |
$5,018,289
$546,806 |
$8,105,063 |
| 23 |
$14,353,454 |
$5,271,108
$574,138 |
$8,508,208 |
| 24 |
$15,071,306 |
$5,536,714
$602,852 |
$8,931,740 |
| 25 |
$15,824,692 |
$5,815,466
$632,988 |
$9,376,238 |
| 26 |
$16,616,220 |
$6,108,332
$664,649 |
$9,843,239 |
| 27 |
$17,446,868 |
$6,415,672
$697,875 |
$10,333,321 |
| 28 |
$18,319,244 |
$6,738,451
$732,770 |
$10,848,023 |
| 29 |
$19,235,304 |
$7,077,393
$769,412 |
$11,388,499 |
| 30 |
$20,197,004 |
$7,433,222
$807,880 |
$11,955,902 |
|
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