Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 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 Jun 27, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 27, 2025	$348,000,000	$155,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$155,500,000
Federal Tax(24%)	$37,320,000
Additional Federal Tax	$20,175,330
State Tax(5%)	$7,775,000
Net Lumpsum Payment	$90,229,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,237,748	-$1,898,297 -$261,887	$3,077,564
2	$5,499,792	-$1,995,253 -$274,990	$3,229,549
3	$5,774,712	-$2,096,974 -$288,736	$3,389,002
4	$6,063,552	-$2,203,845 -$303,178	$3,556,529
5	$6,366,660	-$2,315,995 -$318,333	$3,732,332
6	$6,685,080	-$2,433,810 -$334,254	$3,917,016
7	$7,019,160	-$2,557,420 -$350,958	$4,110,782
8	$7,370,292	-$2,687,338 -$368,515	$4,314,439
9	$7,738,824	-$2,823,695 -$386,941	$4,528,188
10	$8,125,800	-$2,966,876 -$406,290	$4,752,634
11	$8,531,916	-$3,117,139 -$426,596	$4,988,181
12	$8,958,564	-$3,274,999 -$447,928	$5,235,637
13	$9,406,440	-$3,440,713 -$470,322	$5,495,405
14	$9,876,936	-$3,614,797 -$493,847	$5,768,292
15	$10,370,748	-$3,797,507 -$518,537	$6,054,704
16	$10,889,268	-$3,989,360 -$544,463	$6,355,445
17	$11,433,540	-$4,190,740 -$571,677	$6,671,123
18	$12,005,304	-$4,402,293 -$600,265	$7,002,746
19	$12,605,604	-$4,624,404 -$630,280	$7,350,920
20	$13,235,832	-$4,857,588 -$661,792	$7,716,452
21	$13,897,728	-$5,102,490 -$694,886	$8,100,352
22	$14,592,684	-$5,359,623 -$729,634	$8,503,427
23	$15,322,092	-$5,629,504 -$766,105	$8,926,483
24	$16,088,388	-$5,913,034 -$804,419	$9,370,935
25	$16,892,616	-$6,210,598 -$844,631	$9,837,387
26	$17,737,560	-$6,523,228 -$886,878	$10,327,454
27	$18,624,264	-$6,851,308 -$931,213	$10,841,743
28	$19,555,512	-$7,195,870 -$977,776	$11,381,866
29	$20,533,392	-$7,557,685 -$1,026,670	$11,949,037
30	$21,559,992	-$7,937,527 -$1,078,000	$12,544,465