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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine 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%) | $3,760,000 | | Net Lumpsum Payment | $43,655,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$124,923 |
$1,488,780 |
| 2 |
$2,623,464 |
$931,012
$131,173 |
$1,561,279 |
| 3 |
$2,754,604 |
$979,534
$137,730 |
$1,637,340 |
| 4 |
$2,892,384 |
$1,030,512
$144,619 |
$1,717,253 |
| 5 |
$3,036,970 |
$1,084,009
$151,849 |
$1,801,112 |
| 6 |
$3,188,860 |
$1,140,209
$159,443 |
$1,889,208 |
| 7 |
$3,348,220 |
$1,199,172
$167,411 |
$1,981,637 |
| 8 |
$3,515,714 |
$1,261,145
$175,786 |
$2,078,783 |
| 9 |
$3,691,508 |
$1,326,188
$184,575 |
$2,180,745 |
| 10 |
$3,876,100 |
$1,394,487
$193,805 |
$2,287,808 |
| 11 |
$4,069,822 |
$1,466,165
$203,491 |
$2,400,166 |
| 12 |
$4,273,338 |
$1,541,465
$213,667 |
$2,518,206 |
| 13 |
$4,486,980 |
$1,620,513
$224,349 |
$2,642,118 |
| 14 |
$4,711,412 |
$1,703,553
$235,571 |
$2,772,288 |
| 15 |
$4,946,966 |
$1,790,708
$247,348 |
$2,908,910 |
| 16 |
$5,194,306 |
$1,882,224
$259,715 |
$3,052,367 |
| 17 |
$5,453,930 |
$1,978,284
$272,697 |
$3,202,949 |
| 18 |
$5,726,668 |
$2,079,198
$286,333 |
$3,361,137 |
| 19 |
$6,013,018 |
$2,185,147
$300,651 |
$3,527,220 |
| 20 |
$6,313,644 |
$2,296,379
$315,682 |
$3,701,583 |
| 21 |
$6,629,376 |
$2,413,200
$331,469 |
$3,884,707 |
| 22 |
$6,960,878 |
$2,535,855
$348,044 |
$4,076,979 |
| 23 |
$7,308,814 |
$2,664,592
$365,441 |
$4,278,781 |
| 24 |
$7,674,346 |
$2,799,838
$383,717 |
$4,490,791 |
| 25 |
$8,057,972 |
$2,941,780
$402,899 |
$4,713,293 |
| 26 |
$8,461,020 |
$3,090,908
$423,051 |
$4,947,061 |
| 27 |
$8,883,988 |
$3,247,406
$444,199 |
$5,192,383 |
| 28 |
$9,328,204 |
$3,411,766
$466,410 |
$5,450,028 |
| 29 |
$9,794,664 |
$3,584,356
$489,733 |
$5,720,575 |
| 30 |
$10,284,364 |
$3,765,545
$514,218 |
$6,004,601 |
|
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