Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 25, 2025 is estimated to be $60 Million, with a cash option of 26.9 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 Apr 25, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 25, 2025	$60,000,000	$26,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$26,900,000
Federal Tax(24%)	$6,456,000
Additional Federal Tax	$3,457,330
State Tax(5.75%)	$1,546,750
Net Lumpsum Payment	$15,439,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$51,926	$556,671
2	$948,240	-$311,179 -$54,524	$582,537
3	$995,640	-$328,717 -$57,249	$609,674
4	$1,045,440	-$347,143 -$60,113	$638,184
5	$1,097,700	-$366,479 -$63,118	$668,103
6	$1,152,600	-$386,792 -$66,275	$699,533
7	$1,210,200	-$408,104 -$69,587	$732,509
8	$1,270,740	-$430,504 -$73,068	$767,168
9	$1,334,280	-$454,014 -$76,721	$803,545
10	$1,401,000	-$478,700 -$80,558	$841,742
11	$1,471,020	-$504,608 -$84,584	$881,828
12	$1,544,580	-$531,825 -$88,813	$923,942
13	$1,621,800	-$560,396 -$93,254	$968,150
14	$1,702,920	-$590,411 -$97,918	$1,014,591
15	$1,788,060	-$621,913 -$102,813	$1,063,334
16	$1,877,460	-$654,991 -$107,954	$1,114,515
17	$1,971,300	-$689,711 -$113,350	$1,168,239
18	$2,069,880	-$726,186 -$119,018	$1,224,676
19	$2,173,380	-$764,481 -$124,969	$1,283,930
20	$2,282,040	-$804,685 -$131,217	$1,346,138
21	$2,396,160	-$846,910 -$137,779	$1,411,471
22	$2,515,980	-$891,243 -$144,669	$1,480,068
23	$2,641,740	-$937,774 -$151,900	$1,552,066
24	$2,773,860	-$986,659 -$159,497	$1,627,704
25	$2,912,520	-$1,037,963 -$167,470	$1,707,087
26	$3,058,200	-$1,091,864 -$175,847	$1,790,489
27	$3,211,080	-$1,148,430 -$184,637	$1,878,013
28	$3,371,640	-$1,207,837 -$193,869	$1,969,934
29	$3,540,240	-$1,270,219 -$203,564	$2,066,457
30	$3,717,240	-$1,335,709 -$213,741	$2,167,790