Jackpot Analysis Georgia Mega Millions

Jackpot Analysis for Georgia Mega Millions
The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025
Draw DateFri Jun 27, 2025
Projected Jackpot$348,000,000
Cash Value$155,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$155,500,000
Federal Tax(24%)$37,320,000
Additional Federal Tax$20,175,330
State Tax(5.75%)$8,941,250
Net Lumpsum Payment$89,063,420
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,237,748 $1,898,297
$301,171
$3,038,280
2 $5,499,792 $1,995,253
$316,238
$3,188,301
3 $5,774,712 $2,096,974
$332,046
$3,345,692
4 $6,063,552 $2,203,845
$348,654
$3,511,053
5 $6,366,660 $2,315,995
$366,083
$3,684,582
6 $6,685,080 $2,433,810
$384,392
$3,866,878
7 $7,019,160 $2,557,420
$403,602
$4,058,138
8 $7,370,292 $2,687,338
$423,792
$4,259,162
9 $7,738,824 $2,823,695
$444,982
$4,470,147
10 $8,125,800 $2,966,876
$467,234
$4,691,690
11 $8,531,916 $3,117,139
$490,585
$4,924,192
12 $8,958,564 $3,274,999
$515,117
$5,168,448
13 $9,406,440 $3,440,713
$540,870
$5,424,857
14 $9,876,936 $3,614,797
$567,924
$5,694,215
15 $10,370,748 $3,797,507
$596,318
$5,976,923
16 $10,889,268 $3,989,360
$626,133
$6,273,775
17 $11,433,540 $4,190,740
$657,429
$6,585,371
18 $12,005,304 $4,402,293
$690,305
$6,912,706
19 $12,605,604 $4,624,404
$724,822
$7,256,378
20 $13,235,832 $4,857,588
$761,060
$7,617,184
21 $13,897,728 $5,102,490
$799,119
$7,996,119
22 $14,592,684 $5,359,623
$839,079
$8,393,982
23 $15,322,092 $5,629,504
$881,020
$8,811,568
24 $16,088,388 $5,913,034
$925,082
$9,250,272
25 $16,892,616 $6,210,598
$971,325
$9,710,693
26 $17,737,560 $6,523,228
$1,019,910
$10,194,422
27 $18,624,264 $6,851,308
$1,070,895
$10,702,061
28 $19,555,512 $7,195,870
$1,124,442
$11,235,200
29 $20,533,392 $7,557,685
$1,180,670
$11,795,037
30 $21,559,992 $7,937,527
$1,239,700
$12,382,765