Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Georgia, your state will take 5.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Georgia MEGA Millions Jackpot/Cash Option for Tue Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(5.75%)	$1,828,500
Net Lumpsum Payment	$18,245,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$60,580	$642,839
2	$1,106,280	-$369,654 -$63,611	$673,015
3	$1,161,580	-$390,115 -$66,791	$704,674
4	$1,219,680	-$411,612 -$70,132	$737,936
5	$1,280,650	-$434,171 -$73,637	$772,842
6	$1,344,700	-$457,869 -$77,320	$809,511
7	$1,411,900	-$482,733 -$81,184	$847,983
8	$1,482,530	-$508,866 -$85,245	$888,419
9	$1,556,660	-$536,295 -$89,508	$930,857
10	$1,634,500	-$565,095 -$93,984	$975,421
11	$1,716,190	-$595,321 -$98,681	$1,022,188
12	$1,802,010	-$627,074 -$103,616	$1,071,320
13	$1,892,100	-$660,407 -$108,796	$1,122,897
14	$1,986,740	-$695,424 -$114,238	$1,177,078
15	$2,086,070	-$732,176 -$119,949	$1,233,945
16	$2,190,370	-$770,767 -$125,946	$1,293,657
17	$2,299,850	-$811,275 -$132,241	$1,356,334
18	$2,414,860	-$853,829 -$138,854	$1,422,177
19	$2,535,610	-$898,506 -$145,798	$1,491,306
20	$2,662,380	-$945,411 -$153,087	$1,563,882
21	$2,795,520	-$994,673 -$160,742	$1,640,105
22	$2,935,310	-$1,046,395 -$168,780	$1,720,135
23	$3,082,030	-$1,100,681 -$177,217	$1,804,132
24	$3,236,170	-$1,157,713 -$186,080	$1,892,377
25	$3,397,940	-$1,217,568 -$195,382	$1,984,990
26	$3,567,900	-$1,280,453 -$205,154	$2,082,293
27	$3,746,260	-$1,346,447 -$215,410	$2,184,403
28	$3,933,580	-$1,415,755 -$226,181	$2,291,644
29	$4,130,280	-$1,488,534 -$237,491	$2,404,255
30	$4,336,780	-$1,564,939 -$249,365	$2,522,476