Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 24, 2025 is estimated to be $680 Million, with a cash option of 318.2 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 24, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 24, 2025	$680,000,000	$318,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$318,200,000
Federal Tax(24%)	$76,368,000
Additional Federal Tax	$41,326,330
State Tax(5.75%)	$18,296,500
Net Lumpsum Payment	$182,209,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,234,680	-$3,747,162 -$588,494	$5,899,024
2	$10,746,720	-$3,936,617 -$617,936	$6,192,167
3	$11,283,920	-$4,135,381 -$648,825	$6,499,714
4	$11,848,320	-$4,344,209 -$681,278	$6,822,833
5	$12,440,600	-$4,563,352 -$715,335	$7,161,913
6	$13,062,800	-$4,793,566 -$751,111	$7,518,123
7	$13,715,600	-$5,035,102 -$788,647	$7,891,851
8	$14,401,720	-$5,288,967 -$828,099	$8,284,654
9	$15,121,840	-$5,555,411 -$869,506	$8,696,923
10	$15,878,000	-$5,835,190 -$912,985	$9,129,825
11	$16,671,560	-$6,128,808 -$958,615	$9,584,137
12	$17,505,240	-$6,437,269 -$1,006,551	$10,061,420
13	$18,380,400	-$6,761,078 -$1,056,873	$10,562,449
14	$19,299,760	-$7,101,242 -$1,109,736	$11,088,782
15	$20,264,680	-$7,458,262 -$1,165,219	$11,641,199
16	$21,277,880	-$7,833,146 -$1,223,478	$12,221,256
17	$22,341,400	-$8,226,648 -$1,284,631	$12,830,121
18	$23,458,640	-$8,640,027 -$1,348,872	$13,469,741
19	$24,631,640	-$9,074,037 -$1,416,319	$14,141,284
20	$25,863,120	-$9,529,685 -$1,487,129	$14,846,306
21	$27,156,480	-$10,008,228 -$1,561,498	$15,586,754
22	$28,514,440	-$10,510,673 -$1,639,580	$16,364,187
23	$29,939,720	-$11,038,027 -$1,721,534	$17,180,159
24	$31,437,080	-$11,592,050 -$1,807,632	$18,037,398
25	$33,008,560	-$12,173,498 -$1,897,992	$18,937,070
26	$34,659,600	-$12,784,382 -$1,992,927	$19,882,291
27	$36,392,240	-$13,425,459 -$2,092,554	$20,874,227
28	$38,211,920	-$14,098,741 -$2,197,185	$21,915,994
29	$40,122,720	-$14,805,737 -$2,307,056	$23,009,927
30	$42,128,720	-$15,547,957 -$2,422,401	$24,158,362