The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(5.75%) | $8,377,750 | | Net Lumpsum Payment | $83,452,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$282,131 |
$2,848,713 |
| 2 |
$5,152,104 |
$1,866,609
$296,246 |
$2,989,249 |
| 3 |
$5,409,644 |
$1,961,899
$311,055 |
$3,136,690 |
| 4 |
$5,680,224 |
$2,062,013
$326,613 |
$3,291,598 |
| 5 |
$5,964,170 |
$2,167,073
$342,940 |
$3,454,157 |
| 6 |
$6,262,460 |
$2,277,441
$360,091 |
$3,624,928 |
| 7 |
$6,575,420 |
$2,393,236
$378,087 |
$3,804,097 |
| 8 |
$6,904,354 |
$2,514,941
$397,000 |
$3,992,413 |
| 9 |
$7,249,588 |
$2,642,678
$416,851 |
$4,190,059 |
| 10 |
$7,612,100 |
$2,776,807
$437,696 |
$4,397,597 |
| 11 |
$7,992,542 |
$2,917,571
$459,571 |
$4,615,400 |
| 12 |
$8,392,218 |
$3,065,451
$482,553 |
$4,844,214 |
| 13 |
$8,811,780 |
$3,220,689
$506,677 |
$5,084,414 |
| 14 |
$9,252,532 |
$3,383,767
$532,021 |
$5,336,744 |
| 15 |
$9,715,126 |
$3,554,927
$558,620 |
$5,601,579 |
| 16 |
$10,200,866 |
$3,734,651
$586,550 |
$5,879,665 |
| 17 |
$10,710,730 |
$3,923,300
$615,867 |
$6,171,563 |
| 18 |
$11,246,348 |
$4,121,479
$646,665 |
$6,478,204 |
| 19 |
$11,808,698 |
$4,329,549
$679,000 |
$6,800,149 |
| 20 |
$12,399,084 |
$4,547,991
$712,947 |
$7,138,146 |
| 21 |
$13,019,136 |
$4,777,411
$748,600 |
$7,493,125 |
| 22 |
$13,670,158 |
$5,018,289
$786,034 |
$7,865,835 |
| 23 |
$14,353,454 |
$5,271,108
$825,324 |
$8,257,022 |
| 24 |
$15,071,306 |
$5,536,714
$866,600 |
$8,667,992 |
| 25 |
$15,824,692 |
$5,815,466
$909,920 |
$9,099,306 |
| 26 |
$16,616,220 |
$6,108,332
$955,433 |
$9,552,455 |
| 27 |
$17,446,868 |
$6,415,672
$1,003,195 |
$10,028,001 |
| 28 |
$18,319,244 |
$6,738,451
$1,053,357 |
$10,527,436 |
| 29 |
$19,235,304 |
$7,077,393
$1,106,030 |
$11,051,881 |
| 30 |
$20,197,004 |
$7,433,222
$1,161,328 |
$11,602,454 |
|
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