The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Tue Apr 1, 2025 |
|---|
| Draw Date | Tue Apr 1, 2025 | | Projected Jackpot | $29,000,000 | | Cash Value | $13,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,300,000 | | Federal Tax(24%) | $3,192,000 | | Additional Federal Tax | $1,689,330 | | State Tax(10.75%) | $1,429,750 | | Net Lumpsum Payment | $6,988,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$436,479 |
$121,828
$46,921 |
$267,730 |
| 2 |
$458,316 |
$129,907
$49,269 |
$279,140 |
| 3 |
$481,226 |
$138,384
$51,732 |
$291,110 |
| 4 |
$505,296 |
$147,290
$54,319 |
$303,687 |
| 5 |
$530,555 |
$156,636
$57,035 |
$316,884 |
| 6 |
$557,090 |
$166,454
$59,887 |
$330,749 |
| 7 |
$584,930 |
$176,754
$62,880 |
$345,296 |
| 8 |
$614,191 |
$187,581
$66,026 |
$360,584 |
| 9 |
$644,902 |
$198,944
$69,327 |
$376,631 |
| 10 |
$677,150 |
$210,876
$72,794 |
$393,480 |
| 11 |
$710,993 |
$223,398
$76,432 |
$411,163 |
| 12 |
$746,547 |
$236,553
$80,254 |
$429,740 |
| 13 |
$783,870 |
$250,362
$84,266 |
$449,242 |
| 14 |
$823,078 |
$264,869
$88,481 |
$469,728 |
| 15 |
$864,229 |
$280,095
$92,905 |
$491,229 |
| 16 |
$907,439 |
$296,083
$97,550 |
$513,806 |
| 17 |
$952,795 |
$312,865
$102,425 |
$537,505 |
| 18 |
$1,000,442 |
$330,494
$107,548 |
$562,400 |
| 19 |
$1,050,467 |
$349,003
$112,925 |
$588,539 |
| 20 |
$1,102,986 |
$368,435
$118,571 |
$615,980 |
| 21 |
$1,158,144 |
$388,844
$124,500 |
$644,800 |
| 22 |
$1,216,057 |
$410,271
$130,726 |
$675,060 |
| 23 |
$1,276,841 |
$432,762
$137,260 |
$706,819 |
| 24 |
$1,340,699 |
$456,389
$144,125 |
$740,185 |
| 25 |
$1,407,718 |
$481,186
$151,330 |
$775,202 |
| 26 |
$1,478,130 |
$507,238
$158,899 |
$811,993 |
| 27 |
$1,552,022 |
$534,579
$166,842 |
$850,601 |
| 28 |
$1,629,626 |
$563,292
$175,185 |
$891,149 |
| 29 |
$1,711,116 |
$593,443
$183,945 |
$933,728 |
| 30 |
$1,796,666 |
$625,097
$193,142 |
$978,427 |
|
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