Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(5.75%)	$15,939,000
Net Lumpsum Payment	$158,736,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$519,260	$5,209,688
2	$9,482,400	-$3,468,818 -$545,238	$5,468,344
3	$9,956,400	-$3,644,198 -$572,493	$5,739,709
4	$10,454,400	-$3,828,458 -$601,128	$6,024,814
5	$10,977,000	-$4,021,820 -$631,178	$6,324,002
6	$11,526,000	-$4,224,950 -$662,745	$6,638,305
7	$12,102,000	-$4,438,070 -$695,865	$6,968,065
8	$12,707,400	-$4,662,068 -$730,676	$7,314,656
9	$13,342,800	-$4,897,166 -$767,211	$7,678,423
10	$14,010,000	-$5,144,030 -$805,575	$8,060,395
11	$14,710,200	-$5,403,104 -$845,837	$8,461,259
12	$15,445,800	-$5,675,276 -$888,134	$8,882,390
13	$16,218,000	-$5,960,990 -$932,535	$9,324,475
14	$17,029,200	-$6,261,134 -$979,179	$9,788,887
15	$17,880,600	-$6,576,152 -$1,028,135	$10,276,313
16	$18,774,600	-$6,906,932 -$1,079,540	$10,788,128
17	$19,713,000	-$7,254,140 -$1,133,498	$11,325,362
18	$20,698,800	-$7,618,886 -$1,190,181	$11,889,733
19	$21,733,800	-$8,001,836 -$1,249,694	$12,482,270
20	$22,820,400	-$8,403,878 -$1,312,173	$13,104,349
21	$23,961,600	-$8,826,122 -$1,377,792	$13,757,686
22	$25,159,800	-$9,269,456 -$1,446,689	$14,443,655
23	$26,417,400	-$9,734,768 -$1,519,001	$15,163,631
24	$27,738,600	-$10,223,612 -$1,594,970	$15,920,018
25	$29,125,200	-$10,736,654 -$1,674,699	$16,713,847
26	$30,582,000	-$11,275,670 -$1,758,465	$17,547,865
27	$32,110,800	-$11,841,326 -$1,846,371	$18,423,103
28	$33,716,400	-$12,435,398 -$1,938,693	$19,342,309
29	$35,402,400	-$13,059,218 -$2,035,638	$20,307,544
30	$37,172,400	-$13,714,118 -$2,137,413	$21,320,869