The jackpot for the MEGA Millions draw on Tue Feb 25, 2025, is projected to be $181 Million, with an option for a cash payout of $82.7 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Tue Feb 25, 2025 |
|---|
| Draw Date | Tue Feb 25, 2025 | | Projected Jackpot | $181,000,000 | | Cash Value | $82,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,700,000 | | Federal Tax(24%) | $19,848,000 | | Additional Federal Tax | $10,711,330 | | State Tax(10.75%) | $8,890,250 | | Net Lumpsum Payment | $43,250,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,724,231 |
$968,296
$292,855 |
$1,463,080 |
| 2 |
$2,860,524 |
$1,018,724
$307,506 |
$1,534,294 |
| 3 |
$3,003,514 |
$1,071,631
$322,878 |
$1,609,005 |
| 4 |
$3,153,744 |
$1,127,216
$339,027 |
$1,687,501 |
| 5 |
$3,311,395 |
$1,185,547
$355,975 |
$1,769,873 |
| 6 |
$3,477,010 |
$1,246,824
$373,779 |
$1,856,407 |
| 7 |
$3,650,770 |
$1,311,115
$392,458 |
$1,947,197 |
| 8 |
$3,833,399 |
$1,378,688
$412,090 |
$2,042,621 |
| 9 |
$4,025,078 |
$1,449,609
$432,696 |
$2,142,773 |
| 10 |
$4,226,350 |
$1,524,080
$454,333 |
$2,247,937 |
| 11 |
$4,437,577 |
$1,602,234
$477,040 |
$2,358,303 |
| 12 |
$4,659,483 |
$1,684,339
$500,894 |
$2,474,250 |
| 13 |
$4,892,430 |
$1,770,529
$525,936 |
$2,595,965 |
| 14 |
$5,137,142 |
$1,861,073
$552,243 |
$2,723,826 |
| 15 |
$5,393,981 |
$1,956,103
$579,853 |
$2,858,025 |
| 16 |
$5,663,671 |
$2,055,889
$608,845 |
$2,998,937 |
| 17 |
$5,946,755 |
$2,160,630
$639,276 |
$3,146,849 |
| 18 |
$6,244,138 |
$2,270,661
$671,245 |
$3,302,232 |
| 19 |
$6,556,363 |
$2,386,185
$704,809 |
$3,465,369 |
| 20 |
$6,884,154 |
$2,507,467
$740,047 |
$3,636,640 |
| 21 |
$7,228,416 |
$2,634,844
$777,055 |
$3,816,517 |
| 22 |
$7,589,873 |
$2,768,583
$815,911 |
$4,005,379 |
| 23 |
$7,969,249 |
$2,908,953
$856,694 |
$4,203,602 |
| 24 |
$8,367,811 |
$3,056,420
$899,540 |
$4,411,851 |
| 25 |
$8,786,102 |
$3,211,188
$944,506 |
$4,630,408 |
| 26 |
$9,225,570 |
$3,373,791
$991,749 |
$4,860,030 |
| 27 |
$9,686,758 |
$3,544,431
$1,041,326 |
$5,101,001 |
| 28 |
$10,171,114 |
$3,723,643
$1,093,395 |
$5,354,076 |
| 29 |
$10,679,724 |
$3,911,828
$1,148,070 |
$5,619,826 |
| 30 |
$11,213,674 |
$4,109,390
$1,205,470 |
$5,898,814 |
|
|
