The jackpot for the MEGA Millions draw on Fri May 30, 2025, is projected to be $189 Million, with an option for a cash payout of $82.7 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Fri May 30, 2025 |
|---|
| Draw Date | Fri May 30, 2025 | | Projected Jackpot | $189,000,000 | | Cash Value | $82,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,700,000 | | Federal Tax(24%) | $19,848,000 | | Additional Federal Tax | $10,711,330 | | State Tax(5%) | $4,135,000 | | Net Lumpsum Payment | $48,005,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,844,639 |
$1,012,847
$142,232 |
$1,689,560 |
| 2 |
$2,986,956 |
$1,065,504
$149,348 |
$1,772,104 |
| 3 |
$3,136,266 |
$1,120,749
$156,813 |
$1,858,704 |
| 4 |
$3,293,136 |
$1,178,791
$164,657 |
$1,949,688 |
| 5 |
$3,457,755 |
$1,239,700
$172,888 |
$2,045,167 |
| 6 |
$3,630,690 |
$1,303,686
$181,535 |
$2,145,469 |
| 7 |
$3,812,130 |
$1,370,818
$190,607 |
$2,250,705 |
| 8 |
$4,002,831 |
$1,441,378
$200,142 |
$2,361,311 |
| 9 |
$4,202,982 |
$1,515,434
$210,149 |
$2,477,399 |
| 10 |
$4,413,150 |
$1,593,196
$220,658 |
$2,599,296 |
| 11 |
$4,633,713 |
$1,674,804
$231,686 |
$2,727,223 |
| 12 |
$4,865,427 |
$1,760,538
$243,271 |
$2,861,618 |
| 13 |
$5,108,670 |
$1,850,538
$255,434 |
$3,002,698 |
| 14 |
$5,364,198 |
$1,945,084
$268,210 |
$3,150,904 |
| 15 |
$5,632,389 |
$2,044,314
$281,619 |
$3,306,456 |
| 16 |
$5,913,999 |
$2,148,510
$295,700 |
$3,469,789 |
| 17 |
$6,209,595 |
$2,257,881
$310,480 |
$3,641,234 |
| 18 |
$6,520,122 |
$2,372,776
$326,006 |
$3,821,340 |
| 19 |
$6,846,147 |
$2,493,405
$342,307 |
$4,010,435 |
| 20 |
$7,188,426 |
$2,620,048
$359,421 |
$4,208,957 |
| 21 |
$7,547,904 |
$2,753,055
$377,395 |
$4,417,454 |
| 22 |
$7,925,337 |
$2,892,705
$396,267 |
$4,636,365 |
| 23 |
$8,321,481 |
$3,039,278
$416,074 |
$4,866,129 |
| 24 |
$8,737,659 |
$3,193,264
$436,883 |
$5,107,512 |
| 25 |
$9,174,438 |
$3,354,872
$458,722 |
$5,360,844 |
| 26 |
$9,633,330 |
$3,524,662
$481,667 |
$5,627,001 |
| 27 |
$10,114,902 |
$3,702,844
$505,745 |
$5,906,313 |
| 28 |
$10,620,666 |
$3,889,977
$531,033 |
$6,199,656 |
| 29 |
$11,151,756 |
$4,086,480
$557,588 |
$6,507,688 |
| 30 |
$11,709,306 |
$4,292,774
$585,465 |
$6,831,067 |
|
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