Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 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 Jun 27, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 27, 2025	$348,000,000	$155,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$155,500,000
Federal Tax(24%)	$37,320,000
Additional Federal Tax	$20,175,330
State Tax(5.75%)	$8,941,250
Net Lumpsum Payment	$89,063,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,237,748	-$1,898,297 -$301,171	$3,038,280
2	$5,499,792	-$1,995,253 -$316,238	$3,188,301
3	$5,774,712	-$2,096,974 -$332,046	$3,345,692
4	$6,063,552	-$2,203,845 -$348,654	$3,511,053
5	$6,366,660	-$2,315,995 -$366,083	$3,684,582
6	$6,685,080	-$2,433,810 -$384,392	$3,866,878
7	$7,019,160	-$2,557,420 -$403,602	$4,058,138
8	$7,370,292	-$2,687,338 -$423,792	$4,259,162
9	$7,738,824	-$2,823,695 -$444,982	$4,470,147
10	$8,125,800	-$2,966,876 -$467,234	$4,691,690
11	$8,531,916	-$3,117,139 -$490,585	$4,924,192
12	$8,958,564	-$3,274,999 -$515,117	$5,168,448
13	$9,406,440	-$3,440,713 -$540,870	$5,424,857
14	$9,876,936	-$3,614,797 -$567,924	$5,694,215
15	$10,370,748	-$3,797,507 -$596,318	$5,976,923
16	$10,889,268	-$3,989,360 -$626,133	$6,273,775
17	$11,433,540	-$4,190,740 -$657,429	$6,585,371
18	$12,005,304	-$4,402,293 -$690,305	$6,912,706
19	$12,605,604	-$4,624,404 -$724,822	$7,256,378
20	$13,235,832	-$4,857,588 -$761,060	$7,617,184
21	$13,897,728	-$5,102,490 -$799,119	$7,996,119
22	$14,592,684	-$5,359,623 -$839,079	$8,393,982
23	$15,322,092	-$5,629,504 -$881,020	$8,811,568
24	$16,088,388	-$5,913,034 -$925,082	$9,250,272
25	$16,892,616	-$6,210,598 -$971,325	$9,710,693
26	$17,737,560	-$6,523,228 -$1,019,910	$10,194,422
27	$18,624,264	-$6,851,308 -$1,070,895	$10,702,061
28	$19,555,512	-$7,195,870 -$1,124,442	$11,235,200
29	$20,533,392	-$7,557,685 -$1,180,670	$11,795,037
30	$21,559,992	-$7,937,527 -$1,239,700	$12,382,765