Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Tue Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(5.75%)	$764,750
Net Lumpsum Payment	$7,653,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$25,098	$289,553
2	$458,316	-$129,907 -$26,353	$302,056
3	$481,226	-$138,384 -$27,670	$315,172
4	$505,296	-$147,290 -$29,055	$328,951
5	$530,555	-$156,636 -$30,507	$343,412
6	$557,090	-$166,454 -$32,033	$358,603
7	$584,930	-$176,754 -$33,633	$374,543
8	$614,191	-$187,581 -$35,316	$391,294
9	$644,902	-$198,944 -$37,082	$408,876
10	$677,150	-$210,876 -$38,936	$427,338
11	$710,993	-$223,398 -$40,882	$446,713
12	$746,547	-$236,553 -$42,926	$467,068
13	$783,870	-$250,362 -$45,073	$488,435
14	$823,078	-$264,869 -$47,327	$510,882
15	$864,229	-$280,095 -$49,693	$534,441
16	$907,439	-$296,083 -$52,178	$559,178
17	$952,795	-$312,865 -$54,786	$585,144
18	$1,000,442	-$330,494 -$57,525	$612,423
19	$1,050,467	-$349,003 -$60,402	$641,062
20	$1,102,986	-$368,435 -$63,422	$671,129
21	$1,158,144	-$388,844 -$66,593	$702,707
22	$1,216,057	-$410,271 -$69,923	$735,863
23	$1,276,841	-$432,762 -$73,418	$770,661
24	$1,340,699	-$456,389 -$77,090	$807,220
25	$1,407,718	-$481,186 -$80,944	$845,588
26	$1,478,130	-$507,238 -$84,992	$885,900
27	$1,552,022	-$534,579 -$89,241	$928,202
28	$1,629,626	-$563,292 -$93,703	$972,631
29	$1,711,116	-$593,443 -$98,389	$1,019,284
30	$1,796,666	-$625,097 -$103,308	$1,068,261