The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(5.75%) | $4,324,000 | | Net Lumpsum Payment | $43,091,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$143,662 |
$1,470,041 |
| 2 |
$2,623,464 |
$931,012
$150,849 |
$1,541,603 |
| 3 |
$2,754,604 |
$979,534
$158,390 |
$1,616,680 |
| 4 |
$2,892,384 |
$1,030,512
$166,312 |
$1,695,560 |
| 5 |
$3,036,970 |
$1,084,009
$174,626 |
$1,778,335 |
| 6 |
$3,188,860 |
$1,140,209
$183,359 |
$1,865,292 |
| 7 |
$3,348,220 |
$1,199,172
$192,523 |
$1,956,525 |
| 8 |
$3,515,714 |
$1,261,145
$202,154 |
$2,052,415 |
| 9 |
$3,691,508 |
$1,326,188
$212,262 |
$2,153,058 |
| 10 |
$3,876,100 |
$1,394,487
$222,876 |
$2,258,737 |
| 11 |
$4,069,822 |
$1,466,165
$234,015 |
$2,369,642 |
| 12 |
$4,273,338 |
$1,541,465
$245,717 |
$2,486,156 |
| 13 |
$4,486,980 |
$1,620,513
$258,001 |
$2,608,466 |
| 14 |
$4,711,412 |
$1,703,553
$270,906 |
$2,736,953 |
| 15 |
$4,946,966 |
$1,790,708
$284,451 |
$2,871,807 |
| 16 |
$5,194,306 |
$1,882,224
$298,673 |
$3,013,409 |
| 17 |
$5,453,930 |
$1,978,284
$313,601 |
$3,162,045 |
| 18 |
$5,726,668 |
$2,079,198
$329,283 |
$3,318,187 |
| 19 |
$6,013,018 |
$2,185,147
$345,749 |
$3,482,122 |
| 20 |
$6,313,644 |
$2,296,379
$363,035 |
$3,654,230 |
| 21 |
$6,629,376 |
$2,413,200
$381,189 |
$3,834,987 |
| 22 |
$6,960,878 |
$2,535,855
$400,250 |
$4,024,773 |
| 23 |
$7,308,814 |
$2,664,592
$420,257 |
$4,223,965 |
| 24 |
$7,674,346 |
$2,799,838
$441,275 |
$4,433,233 |
| 25 |
$8,057,972 |
$2,941,780
$463,333 |
$4,652,859 |
| 26 |
$8,461,020 |
$3,090,908
$486,509 |
$4,883,603 |
| 27 |
$8,883,988 |
$3,247,406
$510,829 |
$5,125,753 |
| 28 |
$9,328,204 |
$3,411,766
$536,372 |
$5,380,066 |
| 29 |
$9,794,664 |
$3,584,356
$563,193 |
$5,647,115 |
| 30 |
$10,284,364 |
$3,765,545
$591,351 |
$5,927,468 |
|
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