Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 6, 2025 is estimated to be $223 Million, with a cash option of 99.4 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 Fri Jun 6, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 6, 2025	$223,000,000	$99,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,400,000
Federal Tax(24%)	$23,856,000
Additional Federal Tax	$12,882,330
State Tax(5%)	$4,970,000
Net Lumpsum Payment	$57,691,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$167,819	$1,986,366
2	$3,524,292	-$1,264,318 -$176,215	$2,083,759
3	$3,700,462	-$1,329,501 -$185,023	$2,185,938
4	$3,885,552	-$1,397,985 -$194,278	$2,293,289
5	$4,079,785	-$1,469,851 -$203,989	$2,405,945
6	$4,283,830	-$1,545,347 -$214,192	$2,524,291
7	$4,497,910	-$1,624,557 -$224,896	$2,648,457
8	$4,722,917	-$1,707,810 -$236,146	$2,778,961
9	$4,959,074	-$1,795,188 -$247,954	$2,915,932
10	$5,207,050	-$1,886,939 -$260,353	$3,059,758
11	$5,467,291	-$1,983,228 -$273,365	$3,210,698
12	$5,740,689	-$2,084,385 -$287,034	$3,369,270
13	$6,027,690	-$2,190,576 -$301,385	$3,535,729
14	$6,329,186	-$2,302,129 -$316,459	$3,710,598
15	$6,645,623	-$2,419,211 -$332,281	$3,894,131
16	$6,977,893	-$2,542,151 -$348,895	$4,086,847
17	$7,326,665	-$2,671,196 -$366,333	$4,289,136
18	$7,693,054	-$2,806,760 -$384,653	$4,501,641
19	$8,077,729	-$2,949,090 -$403,886	$4,724,753
20	$8,481,582	-$3,098,516 -$424,079	$4,958,987
21	$8,905,728	-$3,255,450 -$445,286	$5,204,992
22	$9,351,059	-$3,420,222 -$467,553	$5,463,284
23	$9,818,467	-$3,593,163 -$490,923	$5,734,381
24	$10,309,513	-$3,774,850 -$515,476	$6,019,187
25	$10,824,866	-$3,965,531 -$541,243	$6,318,092
26	$11,366,310	-$4,165,865 -$568,316	$6,632,129
27	$11,934,514	-$4,376,101 -$596,726	$6,961,687
28	$12,531,262	-$4,596,897 -$626,563	$7,307,802
29	$13,157,892	-$4,828,750 -$657,895	$7,671,247
30	$13,815,742	-$5,072,155 -$690,787	$8,052,800