Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 12, 2025 is estimated to be $182 Million, with a cash option of 82.1 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 Aug 12, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 12, 2025	$182,000,000	$82,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,100,000
Federal Tax(24%)	$19,704,000
Additional Federal Tax	$10,633,330
State Tax(5.75%)	$4,720,750
Net Lumpsum Payment	$47,041,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,739,282	-$973,865 -$157,509	$1,607,908
2	$2,876,328	-$1,024,572 -$165,389	$1,686,367
3	$3,020,108	-$1,077,770 -$173,656	$1,768,682
4	$3,171,168	-$1,133,663 -$182,342	$1,855,163
5	$3,329,690	-$1,192,316 -$191,457	$1,945,917
6	$3,496,220	-$1,253,932 -$201,033	$2,041,255
7	$3,670,940	-$1,318,578 -$211,079	$2,141,283
8	$3,854,578	-$1,386,524 -$221,638	$2,246,416
9	$4,047,316	-$1,457,837 -$232,721	$2,356,758
10	$4,249,700	-$1,532,719 -$244,358	$2,472,623
11	$4,462,094	-$1,611,305 -$256,570	$2,594,219
12	$4,685,226	-$1,693,864 -$269,400	$2,721,962
13	$4,919,460	-$1,780,531 -$282,869	$2,856,060
14	$5,165,524	-$1,871,574 -$297,018	$2,996,932
15	$5,423,782	-$1,967,130 -$311,867	$3,144,785
16	$5,694,962	-$2,067,466 -$327,460	$3,300,036
17	$5,979,610	-$2,172,786 -$343,828	$3,462,996
18	$6,278,636	-$2,283,426 -$361,022	$3,634,188
19	$6,592,586	-$2,399,587 -$379,074	$3,813,925
20	$6,922,188	-$2,521,540 -$398,026	$4,002,622
21	$7,268,352	-$2,649,621 -$417,930	$4,200,801
22	$7,631,806	-$2,784,099 -$438,829	$4,408,878
23	$8,013,278	-$2,925,243 -$460,763	$4,627,272
24	$8,414,042	-$3,073,526 -$483,807	$4,856,709
25	$8,834,644	-$3,229,149 -$507,992	$5,097,503
26	$9,276,540	-$3,392,650 -$533,401	$5,350,489
27	$9,740,276	-$3,564,233 -$560,066	$5,615,977
28	$10,227,308	-$3,744,434 -$588,070	$5,894,804
29	$10,738,728	-$3,933,660 -$617,477	$6,187,591
30	$11,275,628	-$4,132,313 -$648,349	$6,494,966