The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Fri Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(5.75%) | $18,296,500 | | Net Lumpsum Payment | $182,209,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$588,494 |
$5,899,024 |
| 2 |
$10,746,720 |
$3,936,617
$617,936 |
$6,192,167 |
| 3 |
$11,283,920 |
$4,135,381
$648,825 |
$6,499,714 |
| 4 |
$11,848,320 |
$4,344,209
$681,278 |
$6,822,833 |
| 5 |
$12,440,600 |
$4,563,352
$715,335 |
$7,161,913 |
| 6 |
$13,062,800 |
$4,793,566
$751,111 |
$7,518,123 |
| 7 |
$13,715,600 |
$5,035,102
$788,647 |
$7,891,851 |
| 8 |
$14,401,720 |
$5,288,967
$828,099 |
$8,284,654 |
| 9 |
$15,121,840 |
$5,555,411
$869,506 |
$8,696,923 |
| 10 |
$15,878,000 |
$5,835,190
$912,985 |
$9,129,825 |
| 11 |
$16,671,560 |
$6,128,808
$958,615 |
$9,584,137 |
| 12 |
$17,505,240 |
$6,437,269
$1,006,551 |
$10,061,420 |
| 13 |
$18,380,400 |
$6,761,078
$1,056,873 |
$10,562,449 |
| 14 |
$19,299,760 |
$7,101,242
$1,109,736 |
$11,088,782 |
| 15 |
$20,264,680 |
$7,458,262
$1,165,219 |
$11,641,199 |
| 16 |
$21,277,880 |
$7,833,146
$1,223,478 |
$12,221,256 |
| 17 |
$22,341,400 |
$8,226,648
$1,284,631 |
$12,830,121 |
| 18 |
$23,458,640 |
$8,640,027
$1,348,872 |
$13,469,741 |
| 19 |
$24,631,640 |
$9,074,037
$1,416,319 |
$14,141,284 |
| 20 |
$25,863,120 |
$9,529,685
$1,487,129 |
$14,846,306 |
| 21 |
$27,156,480 |
$10,008,228
$1,561,498 |
$15,586,754 |
| 22 |
$28,514,440 |
$10,510,673
$1,639,580 |
$16,364,187 |
| 23 |
$29,939,720 |
$11,038,027
$1,721,534 |
$17,180,159 |
| 24 |
$31,437,080 |
$11,592,050
$1,807,632 |
$18,037,398 |
| 25 |
$33,008,560 |
$12,173,498
$1,897,992 |
$18,937,070 |
| 26 |
$34,659,600 |
$12,784,382
$1,992,927 |
$19,882,291 |
| 27 |
$36,392,240 |
$13,425,459
$2,092,554 |
$20,874,227 |
| 28 |
$38,211,920 |
$14,098,741
$2,197,185 |
$21,915,994 |
| 29 |
$40,122,720 |
$14,805,737
$2,307,056 |
$23,009,927 |
| 30 |
$42,128,720 |
$15,547,957
$2,422,401 |
$24,158,362 |
|
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