Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(5.75%)	$7,250,750
Net Lumpsum Payment	$72,231,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$242,321	$2,452,345
2	$4,425,120	-$1,597,625 -$254,444	$2,573,051
3	$4,646,320	-$1,679,469 -$267,163	$2,699,688
4	$4,878,720	-$1,765,457 -$280,526	$2,832,737
5	$5,122,600	-$1,855,692 -$294,550	$2,972,358
6	$5,378,800	-$1,950,486 -$309,281	$3,119,033
7	$5,647,600	-$2,049,942 -$324,737	$3,272,921
8	$5,930,120	-$2,154,475 -$340,982	$3,434,663
9	$6,226,640	-$2,264,187 -$358,032	$3,604,421
10	$6,538,000	-$2,379,390 -$375,935	$3,782,675
11	$6,864,760	-$2,500,292 -$394,724	$3,969,744
12	$7,208,040	-$2,627,305 -$414,462	$4,166,273
13	$7,568,400	-$2,760,638 -$435,183	$4,372,579
14	$7,946,960	-$2,900,706 -$456,950	$4,589,304
15	$8,344,280	-$3,047,714 -$479,796	$4,816,770
16	$8,761,480	-$3,202,078 -$503,785	$5,055,617
17	$9,199,400	-$3,364,108 -$528,966	$5,306,326
18	$9,659,440	-$3,534,323 -$555,418	$5,569,699
19	$10,142,440	-$3,713,033 -$583,190	$5,846,217
20	$10,649,520	-$3,900,653 -$612,347	$6,136,520
21	$11,182,080	-$4,097,700 -$642,970	$6,441,410
22	$11,741,240	-$4,304,589 -$675,121	$6,761,530
23	$12,328,120	-$4,521,735 -$708,867	$7,097,518
24	$12,944,680	-$4,749,862 -$744,319	$7,450,499
25	$13,591,760	-$4,989,282 -$781,526	$7,820,952
26	$14,271,600	-$5,240,822 -$820,617	$8,210,161
27	$14,985,040	-$5,504,795 -$861,640	$8,618,605
28	$15,734,320	-$5,782,029 -$904,723	$9,047,568
29	$16,521,120	-$6,073,145 -$949,964	$9,498,011
30	$17,347,120	-$6,378,765 -$997,459	$9,970,896