The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Tue Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(5%) | $4,500,000 | | Net Lumpsum Payment | $52,239,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$152,015 |
$1,803,045 |
| 2 |
$3,192,408 |
$1,141,521
$159,620 |
$1,891,267 |
| 3 |
$3,351,988 |
$1,200,566
$167,599 |
$1,983,823 |
| 4 |
$3,519,648 |
$1,262,600
$175,982 |
$2,081,066 |
| 5 |
$3,695,590 |
$1,327,699
$184,780 |
$2,183,111 |
| 6 |
$3,880,420 |
$1,396,086
$194,021 |
$2,290,313 |
| 7 |
$4,074,340 |
$1,467,836
$203,717 |
$2,402,787 |
| 8 |
$4,278,158 |
$1,543,249
$213,908 |
$2,521,001 |
| 9 |
$4,492,076 |
$1,622,399
$224,604 |
$2,645,073 |
| 10 |
$4,716,700 |
$1,705,509
$235,835 |
$2,775,356 |
| 11 |
$4,952,434 |
$1,792,731
$247,622 |
$2,912,081 |
| 12 |
$5,200,086 |
$1,884,362
$260,004 |
$3,055,720 |
| 13 |
$5,460,060 |
$1,980,553
$273,003 |
$3,206,504 |
| 14 |
$5,733,164 |
$2,081,601
$286,658 |
$3,364,905 |
| 15 |
$6,019,802 |
$2,187,657
$300,990 |
$3,531,155 |
| 16 |
$6,320,782 |
$2,299,020
$316,039 |
$3,705,723 |
| 17 |
$6,636,710 |
$2,415,913
$331,836 |
$3,888,961 |
| 18 |
$6,968,596 |
$2,538,711
$348,430 |
$4,081,455 |
| 19 |
$7,317,046 |
$2,667,637
$365,852 |
$4,283,557 |
| 20 |
$7,682,868 |
$2,802,992
$384,143 |
$4,495,733 |
| 21 |
$8,067,072 |
$2,945,147
$403,354 |
$4,718,571 |
| 22 |
$8,470,466 |
$3,094,403
$423,523 |
$4,952,540 |
| 23 |
$8,893,858 |
$3,251,058
$444,693 |
$5,198,107 |
| 24 |
$9,338,662 |
$3,415,635
$466,933 |
$5,456,094 |
| 25 |
$9,805,484 |
$3,588,359
$490,274 |
$5,726,851 |
| 26 |
$10,295,940 |
$3,769,828
$514,797 |
$6,011,315 |
| 27 |
$10,810,636 |
$3,960,266
$540,532 |
$6,309,838 |
| 28 |
$11,351,188 |
$4,160,270
$567,559 |
$6,623,359 |
| 29 |
$11,918,808 |
$4,370,289
$595,940 |
$6,952,579 |
| 30 |
$12,514,708 |
$4,590,772
$625,735 |
$7,298,201 |
|
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