Jackpot Analysis Massachusetts Mega Millions

Jackpot Analysis for Massachusetts Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Apr 1, 2025
Draw DateTue Apr 1, 2025
Projected Jackpot$29,000,000
Cash Value$13,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$13,300,000
Federal Tax(24%)$3,192,000
Additional Federal Tax$1,689,330
State Tax(5%)$665,000
Net Lumpsum Payment$7,753,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $436,479 $121,828
$21,824
$292,827
2 $458,316 $129,907
$22,916
$305,493
3 $481,226 $138,384
$24,061
$318,781
4 $505,296 $147,290
$25,265
$332,741
5 $530,555 $156,636
$26,528
$347,391
6 $557,090 $166,454
$27,855
$362,781
7 $584,930 $176,754
$29,247
$378,929
8 $614,191 $187,581
$30,710
$395,900
9 $644,902 $198,944
$32,245
$413,713
10 $677,150 $210,876
$33,858
$432,416
11 $710,993 $223,398
$35,550
$452,045
12 $746,547 $236,553
$37,327
$472,667
13 $783,870 $250,362
$39,194
$494,314
14 $823,078 $264,869
$41,154
$517,055
15 $864,229 $280,095
$43,211
$540,923
16 $907,439 $296,083
$45,372
$565,984
17 $952,795 $312,865
$47,640
$592,290
18 $1,000,442 $330,494
$50,022
$619,926
19 $1,050,467 $349,003
$52,523
$648,941
20 $1,102,986 $368,435
$55,149
$679,402
21 $1,158,144 $388,844
$57,907
$711,393
22 $1,216,057 $410,271
$60,803
$744,983
23 $1,276,841 $432,762
$63,842
$780,237
24 $1,340,699 $456,389
$67,035
$817,275
25 $1,407,718 $481,186
$70,386
$856,146
26 $1,478,130 $507,238
$73,907
$896,985
27 $1,552,022 $534,579
$77,601
$939,842
28 $1,629,626 $563,292
$81,481
$984,853
29 $1,711,116 $593,443
$85,556
$1,032,117
30 $1,796,666 $625,097
$89,833
$1,081,736