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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine 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(5%) | $7,285,000 | | Net Lumpsum Payment | $84,545,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$245,331 |
$2,885,513 |
| 2 |
$5,152,104 |
$1,866,609
$257,605 |
$3,027,890 |
| 3 |
$5,409,644 |
$1,961,899
$270,482 |
$3,177,263 |
| 4 |
$5,680,224 |
$2,062,013
$284,011 |
$3,334,200 |
| 5 |
$5,964,170 |
$2,167,073
$298,209 |
$3,498,888 |
| 6 |
$6,262,460 |
$2,277,441
$313,123 |
$3,671,896 |
| 7 |
$6,575,420 |
$2,393,236
$328,771 |
$3,853,413 |
| 8 |
$6,904,354 |
$2,514,941
$345,218 |
$4,044,195 |
| 9 |
$7,249,588 |
$2,642,678
$362,479 |
$4,244,431 |
| 10 |
$7,612,100 |
$2,776,807
$380,605 |
$4,454,688 |
| 11 |
$7,992,542 |
$2,917,571
$399,627 |
$4,675,344 |
| 12 |
$8,392,218 |
$3,065,451
$419,611 |
$4,907,156 |
| 13 |
$8,811,780 |
$3,220,689
$440,589 |
$5,150,502 |
| 14 |
$9,252,532 |
$3,383,767
$462,627 |
$5,406,138 |
| 15 |
$9,715,126 |
$3,554,927
$485,756 |
$5,674,443 |
| 16 |
$10,200,866 |
$3,734,651
$510,043 |
$5,956,172 |
| 17 |
$10,710,730 |
$3,923,300
$535,537 |
$6,251,893 |
| 18 |
$11,246,348 |
$4,121,479
$562,317 |
$6,562,552 |
| 19 |
$11,808,698 |
$4,329,549
$590,435 |
$6,888,714 |
| 20 |
$12,399,084 |
$4,547,991
$619,954 |
$7,231,139 |
| 21 |
$13,019,136 |
$4,777,411
$650,957 |
$7,590,768 |
| 22 |
$13,670,158 |
$5,018,289
$683,508 |
$7,968,361 |
| 23 |
$14,353,454 |
$5,271,108
$717,673 |
$8,364,673 |
| 24 |
$15,071,306 |
$5,536,714
$753,565 |
$8,781,027 |
| 25 |
$15,824,692 |
$5,815,466
$791,235 |
$9,217,991 |
| 26 |
$16,616,220 |
$6,108,332
$830,811 |
$9,677,077 |
| 27 |
$17,446,868 |
$6,415,672
$872,343 |
$10,158,853 |
| 28 |
$18,319,244 |
$6,738,451
$915,962 |
$10,664,831 |
| 29 |
$19,235,304 |
$7,077,393
$961,765 |
$11,196,146 |
| 30 |
$20,197,004 |
$7,433,222
$1,009,850 |
$11,753,932 |
|
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