Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 5, 2025 is estimated to be $336 Million, with a cash option of 151.3 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Georgia, your state will take 5.75% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Georgia MEGA Millions Jackpot/Cash Option for Fri Sep 5, 2025

Draw Date	Jackpot	Cash Option
Fri Sep 5, 2025	$336,000,000	$151,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$151,300,000
Federal Tax(24%)	$36,312,000
Additional Federal Tax	$19,629,330
State Tax(5.75%)	$8,699,750
Net Lumpsum Payment	$86,658,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,057,136	-$1,831,471 -$290,785	$2,934,880
2	$5,310,144	-$1,925,084 -$305,333	$3,079,727
3	$5,575,584	-$2,023,296 -$320,596	$3,231,692
4	$5,854,464	-$2,126,482 -$336,632	$3,391,350
5	$6,147,120	-$2,234,765 -$353,459	$3,558,896
6	$6,454,560	-$2,348,518 -$371,137	$3,734,905
7	$6,777,120	-$2,467,865 -$389,684	$3,919,571
8	$7,116,144	-$2,593,304 -$409,178	$4,113,662
9	$7,471,968	-$2,724,959 -$429,638	$4,317,371
10	$7,845,600	-$2,863,202 -$451,122	$4,531,276
11	$8,237,712	-$3,008,284 -$473,668	$4,755,760
12	$8,649,648	-$3,160,700 -$497,355	$4,991,593
13	$9,082,080	-$3,320,700 -$522,220	$5,239,160
14	$9,536,352	-$3,488,781 -$548,340	$5,499,231
15	$10,013,136	-$3,665,191 -$575,755	$5,772,190
16	$10,513,776	-$3,850,428 -$604,542	$6,058,806
17	$11,039,280	-$4,044,864 -$634,759	$6,359,657
18	$11,591,328	-$4,249,122 -$666,501	$6,675,705
19	$12,170,928	-$4,463,574 -$699,828	$7,007,526
20	$12,779,424	-$4,688,717 -$734,817	$7,355,890
21	$13,418,496	-$4,925,174 -$771,564	$7,721,758
22	$14,089,488	-$5,173,441 -$810,146	$8,105,901
23	$14,793,744	-$5,434,016 -$850,640	$8,509,088
24	$15,533,616	-$5,707,768 -$893,183	$8,932,665
25	$16,310,112	-$5,995,072 -$937,831	$9,377,209
26	$17,125,920	-$6,296,921 -$984,740	$9,844,259
27	$17,982,048	-$6,613,688 -$1,033,968	$10,334,392
28	$18,881,184	-$6,946,368 -$1,085,668	$10,849,148
29	$19,825,344	-$7,295,708 -$1,139,957	$11,389,679
30	$20,816,544	-$7,662,452 -$1,196,951	$11,957,141