The jackpot for the MEGA Millions draw on Fri Oct 31, 2025, is projected to be $754 Million, with an option for a cash payout of $352.8 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Fri Oct 31, 2025 |
|---|
| Draw Date | Fri Oct 31, 2025 | | Projected Jackpot | $754,000,000 | | Cash Value | $352,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $352,800,000 | | Federal Tax(24%) | $84,672,000 | | Additional Federal Tax | $45,824,330 | | State Tax(4%) | $14,112,000 | | Net Lumpsum Payment | $208,191,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,348,454 |
$4,159,258
$453,938 |
$6,735,258 |
| 2 |
$11,916,216 |
$4,369,330
$476,649 |
$7,070,237 |
| 3 |
$12,511,876 |
$4,589,725
$500,475 |
$7,421,676 |
| 4 |
$13,137,696 |
$4,821,278
$525,508 |
$7,790,910 |
| 5 |
$13,794,430 |
$5,064,269
$551,777 |
$8,178,384 |
| 6 |
$14,484,340 |
$5,319,536
$579,374 |
$8,585,430 |
| 7 |
$15,208,180 |
$5,587,357
$608,327 |
$9,012,496 |
| 8 |
$15,968,966 |
$5,868,848
$638,759 |
$9,461,359 |
| 9 |
$16,767,452 |
$6,164,288
$670,698 |
$9,932,466 |
| 10 |
$17,605,900 |
$6,474,513
$704,236 |
$10,427,151 |
| 11 |
$18,485,818 |
$6,800,083
$739,433 |
$10,946,302 |
| 12 |
$19,410,222 |
$7,142,113
$776,409 |
$11,491,700 |
| 13 |
$20,380,620 |
$7,501,160
$815,225 |
$12,064,235 |
| 14 |
$21,400,028 |
$7,878,341
$856,001 |
$12,665,686 |
| 15 |
$22,469,954 |
$8,274,213
$898,798 |
$13,296,943 |
| 16 |
$23,593,414 |
$8,689,894
$943,737 |
$13,959,783 |
| 17 |
$24,772,670 |
$9,126,218
$990,907 |
$14,655,545 |
| 18 |
$26,011,492 |
$9,584,582
$1,040,460 |
$15,386,450 |
| 19 |
$27,312,142 |
$10,065,823
$1,092,486 |
$16,153,833 |
| 20 |
$28,677,636 |
$10,571,056
$1,147,105 |
$16,959,475 |
| 21 |
$30,111,744 |
$11,101,676
$1,204,470 |
$17,805,598 |
| 22 |
$31,617,482 |
$11,658,799
$1,264,699 |
$18,693,984 |
| 23 |
$33,197,866 |
$12,243,541
$1,327,915 |
$19,626,410 |
| 24 |
$34,858,174 |
$12,857,855
$1,394,327 |
$20,605,992 |
| 25 |
$36,600,668 |
$13,502,578
$1,464,027 |
$21,634,063 |
| 26 |
$38,431,380 |
$14,179,941
$1,537,255 |
$22,714,184 |
| 27 |
$40,352,572 |
$14,890,782
$1,614,103 |
$23,847,687 |
| 28 |
$42,370,276 |
$15,637,333
$1,694,811 |
$25,038,132 |
| 29 |
$44,489,016 |
$16,421,266
$1,779,561 |
$26,288,189 |
| 30 |
$46,713,316 |
$17,244,257
$1,868,533 |
$27,600,526 |
|
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