Jackpot Analysis Massachusetts Mega Millions

Jackpot Analysis for Massachusetts 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.

Massachusetts 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%)$7,775,000
Net Lumpsum Payment$90,229,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,237,748 $1,898,297
$261,887
$3,077,564
2 $5,499,792 $1,995,253
$274,990
$3,229,549
3 $5,774,712 $2,096,974
$288,736
$3,389,002
4 $6,063,552 $2,203,845
$303,178
$3,556,529
5 $6,366,660 $2,315,995
$318,333
$3,732,332
6 $6,685,080 $2,433,810
$334,254
$3,917,016
7 $7,019,160 $2,557,420
$350,958
$4,110,782
8 $7,370,292 $2,687,338
$368,515
$4,314,439
9 $7,738,824 $2,823,695
$386,941
$4,528,188
10 $8,125,800 $2,966,876
$406,290
$4,752,634
11 $8,531,916 $3,117,139
$426,596
$4,988,181
12 $8,958,564 $3,274,999
$447,928
$5,235,637
13 $9,406,440 $3,440,713
$470,322
$5,495,405
14 $9,876,936 $3,614,797
$493,847
$5,768,292
15 $10,370,748 $3,797,507
$518,537
$6,054,704
16 $10,889,268 $3,989,360
$544,463
$6,355,445
17 $11,433,540 $4,190,740
$571,677
$6,671,123
18 $12,005,304 $4,402,293
$600,265
$7,002,746
19 $12,605,604 $4,624,404
$630,280
$7,350,920
20 $13,235,832 $4,857,588
$661,792
$7,716,452
21 $13,897,728 $5,102,490
$694,886
$8,100,352
22 $14,592,684 $5,359,623
$729,634
$8,503,427
23 $15,322,092 $5,629,504
$766,105
$8,926,483
24 $16,088,388 $5,913,034
$804,419
$9,370,935
25 $16,892,616 $6,210,598
$844,631
$9,837,387
26 $17,737,560 $6,523,228
$886,878
$10,327,454
27 $18,624,264 $6,851,308
$931,213
$10,841,743
28 $19,555,512 $7,195,870
$977,776
$11,381,866
29 $20,533,392 $7,557,685
$1,026,670
$11,949,037
30 $21,559,992 $7,937,527
$1,078,000
$12,544,465