The jackpot for the MEGA Millions draw on Tue Aug 12, 2025, is projected to be $182 Million, with an option for a cash payout of $82.1 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 Tue Aug 12, 2025 |
|---|
| Draw Date | Tue Aug 12, 2025 | | Projected Jackpot | $182,000,000 | | Cash Value | $82,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,100,000 | | Federal Tax(24%) | $19,704,000 | | Additional Federal Tax | $10,633,330 | | State Tax(5%) | $4,105,000 | | Net Lumpsum Payment | $47,657,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,739,282 |
$973,865
$136,964 |
$1,628,453 |
| 2 |
$2,876,328 |
$1,024,572
$143,816 |
$1,707,940 |
| 3 |
$3,020,108 |
$1,077,770
$151,005 |
$1,791,333 |
| 4 |
$3,171,168 |
$1,133,663
$158,558 |
$1,878,947 |
| 5 |
$3,329,690 |
$1,192,316
$166,485 |
$1,970,889 |
| 6 |
$3,496,220 |
$1,253,932
$174,811 |
$2,067,477 |
| 7 |
$3,670,940 |
$1,318,578
$183,547 |
$2,168,815 |
| 8 |
$3,854,578 |
$1,386,524
$192,729 |
$2,275,325 |
| 9 |
$4,047,316 |
$1,457,837
$202,366 |
$2,387,113 |
| 10 |
$4,249,700 |
$1,532,719
$212,485 |
$2,504,496 |
| 11 |
$4,462,094 |
$1,611,305
$223,105 |
$2,627,684 |
| 12 |
$4,685,226 |
$1,693,864
$234,261 |
$2,757,101 |
| 13 |
$4,919,460 |
$1,780,531
$245,973 |
$2,892,956 |
| 14 |
$5,165,524 |
$1,871,574
$258,276 |
$3,035,674 |
| 15 |
$5,423,782 |
$1,967,130
$271,189 |
$3,185,463 |
| 16 |
$5,694,962 |
$2,067,466
$284,748 |
$3,342,748 |
| 17 |
$5,979,610 |
$2,172,786
$298,981 |
$3,507,843 |
| 18 |
$6,278,636 |
$2,283,426
$313,932 |
$3,681,278 |
| 19 |
$6,592,586 |
$2,399,587
$329,629 |
$3,863,370 |
| 20 |
$6,922,188 |
$2,521,540
$346,109 |
$4,054,539 |
| 21 |
$7,268,352 |
$2,649,621
$363,418 |
$4,255,313 |
| 22 |
$7,631,806 |
$2,784,099
$381,590 |
$4,466,117 |
| 23 |
$8,013,278 |
$2,925,243
$400,664 |
$4,687,371 |
| 24 |
$8,414,042 |
$3,073,526
$420,702 |
$4,919,814 |
| 25 |
$8,834,644 |
$3,229,149
$441,732 |
$5,163,763 |
| 26 |
$9,276,540 |
$3,392,650
$463,827 |
$5,420,063 |
| 27 |
$9,740,276 |
$3,564,233
$487,014 |
$5,689,029 |
| 28 |
$10,227,308 |
$3,744,434
$511,365 |
$5,971,509 |
| 29 |
$10,738,728 |
$3,933,660
$536,936 |
$6,268,132 |
| 30 |
$11,275,628 |
$4,132,313
$563,781 |
$6,579,534 |
|
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