Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 18, 2025 is estimated to be $50 Million, with a cash option of 22.1 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 Fri Jul 18, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 18, 2025	$50,000,000	$22,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,100,000
Federal Tax(24%)	$5,304,000
Additional Federal Tax	$2,833,330
State Tax(5.75%)	$1,270,750
Net Lumpsum Payment	$12,691,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$43,272	$470,504
2	$790,200	-$252,704 -$45,437	$492,059
3	$829,700	-$267,319 -$47,708	$514,673
4	$871,200	-$282,674 -$50,094	$538,432
5	$914,750	-$298,788 -$52,598	$563,364
6	$960,500	-$315,715 -$55,229	$589,556
7	$1,008,500	-$333,475 -$57,989	$617,036
8	$1,058,950	-$352,142 -$60,890	$645,918
9	$1,111,900	-$371,733 -$63,934	$676,233
10	$1,167,500	-$392,305 -$67,131	$708,064
11	$1,225,850	-$413,895 -$70,486	$741,469
12	$1,287,150	-$436,576 -$74,011	$776,563
13	$1,351,500	-$460,385 -$77,711	$813,404
14	$1,419,100	-$485,397 -$81,598	$852,105
15	$1,490,050	-$511,649 -$85,678	$892,723
16	$1,564,550	-$539,214 -$89,962	$935,374
17	$1,642,750	-$568,148 -$94,458	$980,144
18	$1,724,900	-$598,543 -$99,182	$1,027,175
19	$1,811,150	-$630,456 -$104,141	$1,076,553
20	$1,901,700	-$663,959 -$109,348	$1,128,393
21	$1,996,800	-$699,146 -$114,816	$1,182,838
22	$2,096,650	-$736,091 -$120,557	$1,240,002
23	$2,201,450	-$774,867 -$126,583	$1,300,000
24	$2,311,550	-$815,604 -$132,914	$1,363,032
25	$2,427,100	-$858,357 -$139,558	$1,429,185
26	$2,548,500	-$903,275 -$146,539	$1,498,686
27	$2,675,900	-$950,413 -$153,864	$1,571,623
28	$2,809,700	-$999,919 -$161,558	$1,648,223
29	$2,950,200	-$1,051,904 -$169,637	$1,728,659
30	$3,097,700	-$1,106,479 -$178,118	$1,813,103