Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 25, 2025 is estimated to be $181 Million, with a cash option of 82.7 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 Feb 25, 2025

Draw Date	Jackpot	Cash Option
Tue Feb 25, 2025	$181,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(5.75%)	$4,755,250
Net Lumpsum Payment	$47,385,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,724,231	-$968,296 -$156,643	$1,599,292
2	$2,860,524	-$1,018,724 -$164,480	$1,677,320
3	$3,003,514	-$1,071,631 -$172,702	$1,759,181
4	$3,153,744	-$1,127,216 -$181,340	$1,845,188
5	$3,311,395	-$1,185,547 -$190,405	$1,935,443
6	$3,477,010	-$1,246,824 -$199,928	$2,030,258
7	$3,650,770	-$1,311,115 -$209,919	$2,129,736
8	$3,833,399	-$1,378,688 -$220,420	$2,234,291
9	$4,025,078	-$1,449,609 -$231,442	$2,344,027
10	$4,226,350	-$1,524,080 -$243,015	$2,459,255
11	$4,437,577	-$1,602,234 -$255,161	$2,580,182
12	$4,659,483	-$1,684,339 -$267,920	$2,707,224
13	$4,892,430	-$1,770,529 -$281,315	$2,840,586
14	$5,137,142	-$1,861,073 -$295,386	$2,980,683
15	$5,393,981	-$1,956,103 -$310,154	$3,127,724
16	$5,663,671	-$2,055,889 -$325,661	$3,282,121
17	$5,946,755	-$2,160,630 -$341,938	$3,444,187
18	$6,244,138	-$2,270,661 -$359,038	$3,614,439
19	$6,556,363	-$2,386,185 -$376,991	$3,793,187
20	$6,884,154	-$2,507,467 -$395,839	$3,980,848
21	$7,228,416	-$2,634,844 -$415,634	$4,177,938
22	$7,589,873	-$2,768,583 -$436,418	$4,384,872
23	$7,969,249	-$2,908,953 -$458,232	$4,602,064
24	$8,367,811	-$3,056,420 -$481,149	$4,830,242
25	$8,786,102	-$3,211,188 -$505,201	$5,069,713
26	$9,225,570	-$3,373,791 -$530,470	$5,321,309
27	$9,686,758	-$3,544,431 -$556,989	$5,585,338
28	$10,171,114	-$3,723,643 -$584,839	$5,862,632
29	$10,679,724	-$3,911,828 -$614,084	$6,153,812
30	$11,213,674	-$4,109,390 -$644,786	$6,459,498