The jackpot for the MEGA Millions draw on Fri Sep 12, 2025, is projected to be $381 Million, with an option for a cash payout of $175 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 Iowa residents, the state will deduct 5% from your lottery earnings.
| Iowa MEGA Millions Jackpot/Cash Option for Fri Sep 12, 2025 |
|---|
| Draw Date | Fri Sep 12, 2025 | | Projected Jackpot | $381,000,000 | | Cash Value | $175,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $175,000,000 | | Federal Tax(24%) | $42,000,000 | | Additional Federal Tax | $22,710,330 | | State Tax(5%) | $8,750,000 | | Net Lumpsum Payment | $101,539,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,734,431 |
$2,082,070
$286,722 |
$3,365,639 |
| 2 |
$6,021,324 |
$2,188,220
$301,066 |
$3,532,038 |
| 3 |
$6,322,314 |
$2,299,587
$316,116 |
$3,706,611 |
| 4 |
$6,638,544 |
$2,416,592
$331,927 |
$3,890,025 |
| 5 |
$6,970,395 |
$2,539,377
$348,520 |
$4,082,498 |
| 6 |
$7,319,010 |
$2,668,364
$365,951 |
$4,284,695 |
| 7 |
$7,684,770 |
$2,803,695
$384,239 |
$4,496,836 |
| 8 |
$8,069,199 |
$2,945,934
$403,460 |
$4,719,805 |
| 9 |
$8,472,678 |
$3,095,221
$423,634 |
$4,953,823 |
| 10 |
$8,896,350 |
$3,251,980
$444,818 |
$5,199,552 |
| 11 |
$9,340,977 |
$3,416,492
$467,049 |
$5,457,436 |
| 12 |
$9,808,083 |
$3,589,321
$490,404 |
$5,728,358 |
| 13 |
$10,298,430 |
$3,770,749
$514,922 |
$6,012,759 |
| 14 |
$10,813,542 |
$3,961,341
$540,677 |
$6,311,524 |
| 15 |
$11,354,181 |
$4,161,377
$567,709 |
$6,625,095 |
| 16 |
$11,921,871 |
$4,371,423
$596,094 |
$6,954,354 |
| 17 |
$12,517,755 |
$4,591,900
$625,888 |
$7,299,967 |
| 18 |
$13,143,738 |
$4,823,513
$657,187 |
$7,663,038 |
| 19 |
$13,800,963 |
$5,066,687
$690,048 |
$8,044,228 |
| 20 |
$14,490,954 |
$5,321,983
$724,548 |
$8,444,423 |
| 21 |
$15,215,616 |
$5,590,108
$760,781 |
$8,864,727 |
| 22 |
$15,976,473 |
$5,871,625
$798,824 |
$9,306,024 |
| 23 |
$16,775,049 |
$6,167,099
$838,752 |
$9,769,198 |
| 24 |
$17,614,011 |
$6,477,514
$880,701 |
$10,255,796 |
| 25 |
$18,494,502 |
$6,803,296
$924,725 |
$10,766,481 |
| 26 |
$19,419,570 |
$7,145,571
$970,979 |
$11,303,020 |
| 27 |
$20,390,358 |
$7,504,763
$1,019,518 |
$11,866,077 |
| 28 |
$21,409,914 |
$7,881,999
$1,070,496 |
$12,457,419 |
| 29 |
$22,480,524 |
$8,278,124
$1,124,026 |
$13,078,374 |
| 30 |
$23,604,474 |
$8,693,986
$1,180,224 |
$13,730,264 |
|
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