Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 6, 2025 is estimated to be $223 Million, with a cash option of 99.4 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 6, 2025

Draw Date Jackpot Cash Option
Fri Jun 6, 2025$223,000,000$99,400,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$99,400,000
Federal Tax(24%)$23,856,000
Additional Federal Tax$12,882,330
State Tax(5.75%)$5,715,500
Net Lumpsum Payment$56,946,170

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $3,356,373 -$1,202,188
-$192,991
$1,961,194
2 $3,524,292 -$1,264,318
-$202,647
$2,057,327
3 $3,700,462 -$1,329,501
-$212,777
$2,158,184
4 $3,885,552 -$1,397,985
-$223,419
$2,264,148
5 $4,079,785 -$1,469,851
-$234,588
$2,375,346
6 $4,283,830 -$1,545,347
-$246,320
$2,492,163
7 $4,497,910 -$1,624,557
-$258,630
$2,614,723
8 $4,722,917 -$1,707,810
-$271,568
$2,743,539
9 $4,959,074 -$1,795,188
-$285,147
$2,878,739
10 $5,207,050 -$1,886,939
-$299,405
$3,020,706
11 $5,467,291 -$1,983,228
-$314,369
$3,169,694
12 $5,740,689 -$2,084,385
-$330,090
$3,326,214
13 $6,027,690 -$2,190,576
-$346,592
$3,490,522
14 $6,329,186 -$2,302,129
-$363,928
$3,663,129
15 $6,645,623 -$2,419,211
-$382,123
$3,844,289
16 $6,977,893 -$2,542,151
-$401,229
$4,034,513
17 $7,326,665 -$2,671,196
-$421,283
$4,234,186
18 $7,693,054 -$2,806,760
-$442,351
$4,443,943
19 $8,077,729 -$2,949,090
-$464,469
$4,664,170
20 $8,481,582 -$3,098,516
-$487,691
$4,895,375
21 $8,905,728 -$3,255,450
-$512,079
$5,138,199
22 $9,351,059 -$3,420,222
-$537,686
$5,393,151
23 $9,818,467 -$3,593,163
-$564,562
$5,660,742
24 $10,309,513 -$3,774,850
-$592,797
$5,941,866
25 $10,824,866 -$3,965,531
-$622,430
$6,236,905
26 $11,366,310 -$4,165,865
-$653,563
$6,546,882
27 $11,934,514 -$4,376,101
-$686,235
$6,872,178
28 $12,531,262 -$4,596,897
-$720,548
$7,213,817
29 $13,157,892 -$4,828,750
-$756,579
$7,572,563
30 $13,815,742 -$5,072,155
-$794,405
$7,949,182
2
2
3
Cash Option: $99.4 Million
Next Draw: Fri Jun 6
Mega Millions
Tue Jun 3, 2025
162429364513

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