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 |
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Draw Date | Fri Jun 27, 2025 | Projected Jackpot | $348,000,000 | Cash Value | $155,500,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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 |
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