Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 15, 2025 is estimated to be $198 Million, with a cash option of 89.3 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 Fri Aug 15, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 15, 2025	$198,000,000	$89,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$89,300,000
Federal Tax(24%)	$21,432,000
Additional Federal Tax	$11,569,330
State Tax(5%)	$4,465,000
Net Lumpsum Payment	$51,833,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,980,098	-$1,062,967 -$149,005	$1,768,126
2	$3,129,192	-$1,118,131 -$156,460	$1,854,601
3	$3,285,612	-$1,176,007 -$164,281	$1,945,324
4	$3,449,952	-$1,236,813 -$172,498	$2,040,641
5	$3,622,410	-$1,300,622 -$181,121	$2,140,667
6	$3,803,580	-$1,367,655 -$190,179	$2,245,746
7	$3,993,660	-$1,437,985 -$199,683	$2,355,992
8	$4,193,442	-$1,511,904 -$209,672	$2,471,866
9	$4,403,124	-$1,589,486 -$220,156	$2,593,482
10	$4,623,300	-$1,670,951 -$231,165	$2,721,184
11	$4,854,366	-$1,756,446 -$242,718	$2,855,202
12	$5,097,114	-$1,846,263 -$254,856	$2,995,995
13	$5,351,940	-$1,940,548 -$267,597	$3,143,795
14	$5,619,636	-$2,039,596 -$280,982	$3,299,058
15	$5,900,598	-$2,143,552 -$295,030	$3,462,016
16	$6,195,618	-$2,252,709 -$309,781	$3,633,128
17	$6,505,290	-$2,367,288 -$325,265	$3,812,737
18	$6,830,604	-$2,487,654 -$341,530	$4,001,420
19	$7,172,154	-$2,614,027 -$358,608	$4,199,519
20	$7,530,732	-$2,746,701 -$376,537	$4,407,494
21	$7,907,328	-$2,886,042 -$395,366	$4,625,920
22	$8,302,734	-$3,032,342 -$415,137	$4,855,255
23	$8,717,742	-$3,185,895 -$435,887	$5,095,960
24	$9,153,738	-$3,347,213 -$457,687	$5,348,838
25	$9,611,316	-$3,516,517 -$480,566	$5,614,233
26	$10,092,060	-$3,694,393 -$504,603	$5,893,064
27	$10,596,564	-$3,881,059 -$529,828	$6,185,677
28	$11,126,412	-$4,077,103 -$556,321	$6,492,988
29	$11,682,792	-$4,282,963 -$584,140	$6,815,689
30	$12,266,892	-$4,499,080 -$613,345	$7,154,467