The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia MEGA Millions Jackpot/Cash Option for Tue May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(5.75%) | $2,840,500 | | Net Lumpsum Payment | $28,321,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$95,198 |
$987,506 |
| 2 |
$1,738,440 |
$603,553
$99,960 |
$1,034,927 |
| 3 |
$1,825,340 |
$635,706
$104,957 |
$1,084,677 |
| 4 |
$1,916,640 |
$669,487
$110,207 |
$1,136,946 |
| 5 |
$2,012,450 |
$704,937
$115,716 |
$1,191,797 |
| 6 |
$2,113,100 |
$742,177
$121,503 |
$1,249,420 |
| 7 |
$2,218,700 |
$781,249
$127,575 |
$1,309,876 |
| 8 |
$2,329,690 |
$822,316
$133,957 |
$1,373,417 |
| 9 |
$2,446,180 |
$865,417
$140,655 |
$1,440,108 |
| 10 |
$2,568,500 |
$910,675
$147,689 |
$1,510,136 |
| 11 |
$2,696,870 |
$958,172
$155,070 |
$1,583,628 |
| 12 |
$2,831,730 |
$1,008,070
$162,824 |
$1,660,836 |
| 13 |
$2,973,300 |
$1,060,451
$170,965 |
$1,741,884 |
| 14 |
$3,122,020 |
$1,115,478
$179,516 |
$1,827,026 |
| 15 |
$3,278,110 |
$1,173,231
$188,491 |
$1,916,388 |
| 16 |
$3,442,010 |
$1,233,874
$197,916 |
$2,010,220 |
| 17 |
$3,614,050 |
$1,297,529
$207,808 |
$2,108,713 |
| 18 |
$3,794,780 |
$1,364,399
$218,200 |
$2,212,181 |
| 19 |
$3,984,530 |
$1,434,606
$229,110 |
$2,320,814 |
| 20 |
$4,183,740 |
$1,508,314
$240,565 |
$2,434,861 |
| 21 |
$4,392,960 |
$1,585,726
$252,595 |
$2,554,639 |
| 22 |
$4,612,630 |
$1,667,003
$265,226 |
$2,680,401 |
| 23 |
$4,843,190 |
$1,752,311
$278,483 |
$2,812,396 |
| 24 |
$5,085,410 |
$1,841,932
$292,411 |
$2,951,067 |
| 25 |
$5,339,620 |
$1,935,990
$307,028 |
$3,096,602 |
| 26 |
$5,606,700 |
$2,034,809
$322,385 |
$3,249,506 |
| 27 |
$5,886,980 |
$2,138,513
$338,501 |
$3,409,966 |
| 28 |
$6,181,340 |
$2,247,426
$355,427 |
$3,578,487 |
| 29 |
$6,490,440 |
$2,361,793
$373,200 |
$3,755,447 |
| 30 |
$6,814,940 |
$2,481,858
$391,859 |
$3,941,223 |
|
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