Massachusetts Lottery

MALottery 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 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 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%)	$1,345,000
Net Lumpsum Payment	$15,641,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$45,153	$563,444
2	$948,240	-$311,179 -$47,412	$589,649
3	$995,640	-$328,717 -$49,782	$617,141
4	$1,045,440	-$347,143 -$52,272	$646,025
5	$1,097,700	-$366,479 -$54,885	$676,336
6	$1,152,600	-$386,792 -$57,630	$708,178
7	$1,210,200	-$408,104 -$60,510	$741,586
8	$1,270,740	-$430,504 -$63,537	$776,699
9	$1,334,280	-$454,014 -$66,714	$813,552
10	$1,401,000	-$478,700 -$70,050	$852,250
11	$1,471,020	-$504,608 -$73,551	$892,861
12	$1,544,580	-$531,825 -$77,229	$935,526
13	$1,621,800	-$560,396 -$81,090	$980,314
14	$1,702,920	-$590,411 -$85,146	$1,027,363
15	$1,788,060	-$621,913 -$89,403	$1,076,744
16	$1,877,460	-$654,991 -$93,873	$1,128,596
17	$1,971,300	-$689,711 -$98,565	$1,183,024
18	$2,069,880	-$726,186 -$103,494	$1,240,200
19	$2,173,380	-$764,481 -$108,669	$1,300,230
20	$2,282,040	-$804,685 -$114,102	$1,363,253
21	$2,396,160	-$846,910 -$119,808	$1,429,442
22	$2,515,980	-$891,243 -$125,799	$1,498,938
23	$2,641,740	-$937,774 -$132,087	$1,571,879
24	$2,773,860	-$986,659 -$138,693	$1,648,508
25	$2,912,520	-$1,037,963 -$145,626	$1,728,931
26	$3,058,200	-$1,091,864 -$152,910	$1,813,426
27	$3,211,080	-$1,148,430 -$160,554	$1,902,096
28	$3,371,640	-$1,207,837 -$168,582	$1,995,221
29	$3,540,240	-$1,270,219 -$177,012	$2,093,009
30	$3,717,240	-$1,335,709 -$185,862	$2,195,669