Washington Lottery

WALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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. The good news is that if you're a resident of Washington, you won't owe any state tax on 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.

Washington MEGA Millions Jackpot/Cash Option for Fri Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(0%)	$0
Net Lumpsum Payment	$31,098,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$0	$1,101,668
2	$1,770,048	-$615,248 -$0	$1,154,800
3	$1,858,528	-$647,986 -$0	$1,210,542
4	$1,951,488	-$682,381 -$0	$1,269,107
5	$2,049,040	-$718,475 -$0	$1,330,565
6	$2,151,520	-$756,393 -$0	$1,395,127
7	$2,259,040	-$796,175 -$0	$1,462,865
8	$2,372,048	-$837,988 -$0	$1,534,060
9	$2,490,656	-$881,873 -$0	$1,608,783
10	$2,615,200	-$927,954 -$0	$1,687,246
11	$2,745,904	-$976,315 -$0	$1,769,589
12	$2,883,216	-$1,027,120 -$0	$1,856,096
13	$3,027,360	-$1,080,454 -$0	$1,946,906
14	$3,178,784	-$1,136,480 -$0	$2,042,304
15	$3,337,712	-$1,195,284 -$0	$2,142,428
16	$3,504,592	-$1,257,029 -$0	$2,247,563
17	$3,679,760	-$1,321,842 -$0	$2,357,918
18	$3,863,776	-$1,389,928 -$0	$2,473,848
19	$4,056,976	-$1,461,412 -$0	$2,595,564
20	$4,259,808	-$1,536,459 -$0	$2,723,349
21	$4,472,832	-$1,615,278 -$0	$2,857,554
22	$4,696,496	-$1,698,034 -$0	$2,998,462
23	$4,931,248	-$1,784,892 -$0	$3,146,356
24	$5,177,872	-$1,876,143 -$0	$3,301,729
25	$5,436,704	-$1,971,911 -$0	$3,464,793
26	$5,708,640	-$2,072,527 -$0	$3,636,113
27	$5,994,016	-$2,178,116 -$0	$3,815,900
28	$6,293,728	-$2,289,010 -$0	$4,004,718
29	$6,608,448	-$2,405,456 -$0	$4,202,992
30	$6,938,848	-$2,527,704 -$0	$4,411,144