Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 22, 2025 is estimated to be $110 Million, with a cash option of 48.4 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 Massachusetts, your state will take 5% 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.

Massachusetts MEGA Millions Jackpot/Cash Option for Tue Jul 22, 2025

Draw Date	Jackpot	Cash Option
Tue Jul 22, 2025	$110,000,000	$48,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$48,400,000
Federal Tax(24%)	$11,616,000
Additional Federal Tax	$6,252,330
State Tax(5%)	$2,420,000
Net Lumpsum Payment	$28,111,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,655,610	-$572,906 -$82,781	$999,923
2	$1,738,440	-$603,553 -$86,922	$1,047,965
3	$1,825,340	-$635,706 -$91,267	$1,098,367
4	$1,916,640	-$669,487 -$95,832	$1,151,321
5	$2,012,450	-$704,937 -$100,623	$1,206,890
6	$2,113,100	-$742,177 -$105,655	$1,265,268
7	$2,218,700	-$781,249 -$110,935	$1,326,516
8	$2,329,690	-$822,316 -$116,485	$1,390,889
9	$2,446,180	-$865,417 -$122,309	$1,458,454
10	$2,568,500	-$910,675 -$128,425	$1,529,400
11	$2,696,870	-$958,172 -$134,844	$1,603,854
12	$2,831,730	-$1,008,070 -$141,587	$1,682,073
13	$2,973,300	-$1,060,451 -$148,665	$1,764,184
14	$3,122,020	-$1,115,478 -$156,101	$1,850,441
15	$3,278,110	-$1,173,231 -$163,906	$1,940,973
16	$3,442,010	-$1,233,874 -$172,101	$2,036,035
17	$3,614,050	-$1,297,529 -$180,703	$2,135,818
18	$3,794,780	-$1,364,399 -$189,739	$2,240,642
19	$3,984,530	-$1,434,606 -$199,227	$2,350,697
20	$4,183,740	-$1,508,314 -$209,187	$2,466,239
21	$4,392,960	-$1,585,726 -$219,648	$2,587,586
22	$4,612,630	-$1,667,003 -$230,632	$2,714,995
23	$4,843,190	-$1,752,311 -$242,160	$2,848,719
24	$5,085,410	-$1,841,932 -$254,271	$2,989,207
25	$5,339,620	-$1,935,990 -$266,981	$3,136,649
26	$5,606,700	-$2,034,809 -$280,335	$3,291,556
27	$5,886,980	-$2,138,513 -$294,349	$3,454,118
28	$6,181,340	-$2,247,426 -$309,067	$3,624,847
29	$6,490,440	-$2,361,793 -$324,522	$3,804,125
30	$6,814,940	-$2,481,858 -$340,747	$3,992,335