Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(5.75%)	$2,081,500
Net Lumpsum Payment	$20,764,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$69,235	$729,005
2	$1,264,320	-$428,129 -$72,698	$763,493
3	$1,327,520	-$451,513 -$76,332	$799,675
4	$1,393,920	-$476,081 -$80,150	$837,689
5	$1,463,600	-$501,862 -$84,157	$877,581
6	$1,536,800	-$528,946 -$88,366	$919,488
7	$1,613,600	-$557,362 -$92,782	$963,456
8	$1,694,320	-$587,229 -$97,423	$1,009,668
9	$1,779,040	-$618,575 -$102,295	$1,058,170
10	$1,868,000	-$651,490 -$107,410	$1,109,100
11	$1,961,360	-$686,034 -$112,778	$1,162,548
12	$2,059,440	-$722,323 -$118,418	$1,218,699
13	$2,162,400	-$760,418 -$124,338	$1,277,644
14	$2,270,560	-$800,438 -$130,557	$1,339,565
15	$2,384,080	-$842,440 -$137,085	$1,404,555
16	$2,503,280	-$886,544 -$143,939	$1,472,797
17	$2,628,400	-$932,838 -$151,133	$1,544,429
18	$2,759,840	-$981,471 -$158,691	$1,619,678
19	$2,897,840	-$1,032,531 -$166,626	$1,698,683
20	$3,042,720	-$1,086,137 -$174,956	$1,781,627
21	$3,194,880	-$1,142,436 -$183,706	$1,868,738
22	$3,354,640	-$1,201,547 -$192,892	$1,960,201
23	$3,522,320	-$1,263,589 -$202,533	$2,056,198
24	$3,698,480	-$1,328,768 -$212,663	$2,157,049
25	$3,883,360	-$1,397,174 -$223,293	$2,262,893
26	$4,077,600	-$1,469,042 -$234,462	$2,374,096
27	$4,281,440	-$1,544,463 -$246,183	$2,490,794
28	$4,495,520	-$1,623,673 -$258,492	$2,613,355
29	$4,720,320	-$1,706,849 -$271,418	$2,742,053
30	$4,956,320	-$1,794,169 -$284,988	$2,877,163