Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 3, 2025 is estimated to be $520 Million, with a cash option of 240.1 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 Oct 3, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 3, 2025	$520,000,000	$240,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$240,100,000
Federal Tax(24%)	$57,624,000
Additional Federal Tax	$31,173,330
State Tax(5.75%)	$13,805,750
Net Lumpsum Payment	$137,496,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,826,520	-$2,856,143 -$450,025	$4,520,352
2	$8,218,080	-$3,001,020 -$472,540	$4,744,520
3	$8,628,880	-$3,153,016 -$496,161	$4,979,703
4	$9,060,480	-$3,312,708 -$520,978	$5,226,794
5	$9,513,400	-$3,480,288 -$547,021	$5,486,091
6	$9,989,200	-$3,656,334 -$574,379	$5,758,487
7	$10,488,400	-$3,841,038 -$603,083	$6,044,279
8	$11,013,080	-$4,035,170 -$633,252	$6,344,658
9	$11,563,760	-$4,238,922 -$664,916	$6,659,922
10	$12,142,000	-$4,452,870 -$698,165	$6,990,965
11	$12,748,840	-$4,677,401 -$733,058	$7,338,381
12	$13,386,360	-$4,913,284 -$769,716	$7,703,360
13	$14,055,600	-$5,160,902 -$808,197	$8,086,501
14	$14,758,640	-$5,421,027 -$848,622	$8,488,991
15	$15,496,520	-$5,694,043 -$891,050	$8,911,427
16	$16,271,320	-$5,980,719 -$935,601	$9,355,000
17	$17,084,600	-$6,281,632 -$982,365	$9,820,603
18	$17,938,960	-$6,597,746 -$1,031,490	$10,309,724
19	$18,835,960	-$6,929,636 -$1,083,068	$10,823,256
20	$19,777,680	-$7,278,072 -$1,137,217	$11,362,391
21	$20,766,720	-$7,644,017 -$1,194,086	$11,928,617
22	$21,805,160	-$8,028,240 -$1,253,797	$12,523,123
23	$22,895,080	-$8,431,510 -$1,316,467	$13,147,103
24	$24,040,120	-$8,855,175 -$1,382,307	$13,802,638
25	$25,241,840	-$9,299,811 -$1,451,406	$14,490,623
26	$26,504,400	-$9,766,958 -$1,524,003	$15,213,439
27	$27,829,360	-$10,257,194 -$1,600,188	$15,971,978
28	$29,220,880	-$10,772,056 -$1,680,201	$16,768,623
29	$30,682,080	-$11,312,700 -$1,764,220	$17,605,160
30	$32,216,080	-$11,880,280 -$1,852,425	$18,483,375