Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(5%)	$665,000
Net Lumpsum Payment	$7,753,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$21,824	$292,827
2	$458,316	-$129,907 -$22,916	$305,493
3	$481,226	-$138,384 -$24,061	$318,781
4	$505,296	-$147,290 -$25,265	$332,741
5	$530,555	-$156,636 -$26,528	$347,391
6	$557,090	-$166,454 -$27,855	$362,781
7	$584,930	-$176,754 -$29,247	$378,929
8	$614,191	-$187,581 -$30,710	$395,900
9	$644,902	-$198,944 -$32,245	$413,713
10	$677,150	-$210,876 -$33,858	$432,416
11	$710,993	-$223,398 -$35,550	$452,045
12	$746,547	-$236,553 -$37,327	$472,667
13	$783,870	-$250,362 -$39,194	$494,314
14	$823,078	-$264,869 -$41,154	$517,055
15	$864,229	-$280,095 -$43,211	$540,923
16	$907,439	-$296,083 -$45,372	$565,984
17	$952,795	-$312,865 -$47,640	$592,290
18	$1,000,442	-$330,494 -$50,022	$619,926
19	$1,050,467	-$349,003 -$52,523	$648,941
20	$1,102,986	-$368,435 -$55,149	$679,402
21	$1,158,144	-$388,844 -$57,907	$711,393
22	$1,216,057	-$410,271 -$60,803	$744,983
23	$1,276,841	-$432,762 -$63,842	$780,237
24	$1,340,699	-$456,389 -$67,035	$817,275
25	$1,407,718	-$481,186 -$70,386	$856,146
26	$1,478,130	-$507,238 -$73,907	$896,985
27	$1,552,022	-$534,579 -$77,601	$939,842
28	$1,629,626	-$563,292 -$81,481	$984,853
29	$1,711,116	-$593,443 -$85,556	$1,032,117
30	$1,796,666	-$625,097 -$89,833	$1,081,736