The jackpot for the MEGA Millions draw on Fri Aug 29, 2025, is projected to be $277 Million, with an option for a cash payout of $124.6 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 Aug 29, 2025 |
|---|
| Draw Date | Fri Aug 29, 2025 | | Projected Jackpot | $277,000,000 | | Cash Value | $124,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,600,000 | | Federal Tax(24%) | $29,904,000 | | Additional Federal Tax | $16,158,330 | | State Tax(5.75%) | $7,164,500 | | Net Lumpsum Payment | $71,373,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$239,725 |
$2,426,495 |
| 2 |
$4,377,708 |
$1,580,082
$251,718 |
$2,545,908 |
| 3 |
$4,596,538 |
$1,661,049
$264,301 |
$2,671,188 |
| 4 |
$4,826,448 |
$1,746,116
$277,521 |
$2,802,811 |
| 5 |
$5,067,715 |
$1,835,385
$291,394 |
$2,940,936 |
| 6 |
$5,321,170 |
$1,929,163
$305,967 |
$3,086,040 |
| 7 |
$5,587,090 |
$2,027,554
$321,258 |
$3,238,278 |
| 8 |
$5,866,583 |
$2,130,966
$337,329 |
$3,398,288 |
| 9 |
$6,159,926 |
$2,239,503
$354,196 |
$3,566,227 |
| 10 |
$6,467,950 |
$2,353,472
$371,907 |
$3,742,571 |
| 11 |
$6,791,209 |
$2,473,078
$390,495 |
$3,927,636 |
| 12 |
$7,130,811 |
$2,598,730
$410,022 |
$4,122,059 |
| 13 |
$7,487,310 |
$2,730,635
$430,520 |
$4,326,155 |
| 14 |
$7,861,814 |
$2,869,202
$452,054 |
$4,540,558 |
| 15 |
$8,254,877 |
$3,014,635
$474,655 |
$4,765,587 |
| 16 |
$8,667,607 |
$3,167,345
$498,387 |
$5,001,875 |
| 17 |
$9,100,835 |
$3,327,639
$523,298 |
$5,249,898 |
| 18 |
$9,555,946 |
$3,496,030
$549,467 |
$5,510,449 |
| 19 |
$10,033,771 |
$3,672,826
$576,942 |
$5,784,003 |
| 20 |
$10,535,418 |
$3,858,435
$605,787 |
$6,071,196 |
| 21 |
$11,062,272 |
$4,053,371
$636,081 |
$6,372,820 |
| 22 |
$11,615,441 |
$4,258,044
$667,888 |
$6,689,509 |
| 23 |
$12,196,033 |
$4,472,863
$701,272 |
$7,021,898 |
| 24 |
$12,805,987 |
$4,698,546
$736,344 |
$7,371,097 |
| 25 |
$13,446,134 |
$4,935,400
$773,153 |
$7,737,581 |
| 26 |
$14,118,690 |
$5,184,246
$811,825 |
$8,122,619 |
| 27 |
$14,824,486 |
$5,445,390
$852,408 |
$8,526,688 |
| 28 |
$15,565,738 |
$5,719,653
$895,030 |
$8,951,055 |
| 29 |
$16,344,108 |
$6,007,650
$939,786 |
$9,396,672 |
| 30 |
$17,161,258 |
$6,309,996
$986,772 |
$9,864,490 |
|
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