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
6
8
0
Cash Option: $318.2 Million
Next Draw: Fri Oct 24
Mega Millions
Tue Oct 21, 2025
021827345918

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