The jackpot for the MEGA Millions draw on Fri Apr 18, 2025, is projected to be $112 Million, with an option for a cash payout of $49.3 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 those living in California, the bright side is you won't have to pay any state taxes on your lottery prize.
| California MEGA Millions Jackpot/Cash Option for Fri Apr 18, 2025 |
|---|
| Draw Date | Fri Apr 18, 2025 | | Projected Jackpot | $112,000,000 | | Cash Value | $49,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,300,000 | | Federal Tax(24%) | $11,832,000 | | Additional Federal Tax | $6,369,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $31,098,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,685,712 |
$584,044
$0 |
$1,101,668 |
| 2 |
$1,770,048 |
$615,248
$0 |
$1,154,800 |
| 3 |
$1,858,528 |
$647,986
$0 |
$1,210,542 |
| 4 |
$1,951,488 |
$682,381
$0 |
$1,269,107 |
| 5 |
$2,049,040 |
$718,475
$0 |
$1,330,565 |
| 6 |
$2,151,520 |
$756,393
$0 |
$1,395,127 |
| 7 |
$2,259,040 |
$796,175
$0 |
$1,462,865 |
| 8 |
$2,372,048 |
$837,988
$0 |
$1,534,060 |
| 9 |
$2,490,656 |
$881,873
$0 |
$1,608,783 |
| 10 |
$2,615,200 |
$927,954
$0 |
$1,687,246 |
| 11 |
$2,745,904 |
$976,315
$0 |
$1,769,589 |
| 12 |
$2,883,216 |
$1,027,120
$0 |
$1,856,096 |
| 13 |
$3,027,360 |
$1,080,454
$0 |
$1,946,906 |
| 14 |
$3,178,784 |
$1,136,480
$0 |
$2,042,304 |
| 15 |
$3,337,712 |
$1,195,284
$0 |
$2,142,428 |
| 16 |
$3,504,592 |
$1,257,029
$0 |
$2,247,563 |
| 17 |
$3,679,760 |
$1,321,842
$0 |
$2,357,918 |
| 18 |
$3,863,776 |
$1,389,928
$0 |
$2,473,848 |
| 19 |
$4,056,976 |
$1,461,412
$0 |
$2,595,564 |
| 20 |
$4,259,808 |
$1,536,459
$0 |
$2,723,349 |
| 21 |
$4,472,832 |
$1,615,278
$0 |
$2,857,554 |
| 22 |
$4,696,496 |
$1,698,034
$0 |
$2,998,462 |
| 23 |
$4,931,248 |
$1,784,892
$0 |
$3,146,356 |
| 24 |
$5,177,872 |
$1,876,143
$0 |
$3,301,729 |
| 25 |
$5,436,704 |
$1,971,911
$0 |
$3,464,793 |
| 26 |
$5,708,640 |
$2,072,527
$0 |
$3,636,113 |
| 27 |
$5,994,016 |
$2,178,116
$0 |
$3,815,900 |
| 28 |
$6,293,728 |
$2,289,010
$0 |
$4,004,718 |
| 29 |
$6,608,448 |
$2,405,456
$0 |
$4,202,992 |
| 30 |
$6,938,848 |
$2,527,704
$0 |
$4,411,144 |
|
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