Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(5.75%)	$3,904,250
Net Lumpsum Payment	$38,912,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$129,815	$1,332,174
2	$2,370,600	-$837,452 -$136,310	$1,396,838
3	$2,489,100	-$881,297 -$143,123	$1,464,680
4	$2,613,600	-$927,362 -$150,282	$1,535,956
5	$2,744,250	-$975,703 -$157,794	$1,610,753
6	$2,881,500	-$1,026,485 -$165,686	$1,689,329
7	$3,025,500	-$1,079,765 -$173,966	$1,771,769
8	$3,176,850	-$1,135,765 -$182,669	$1,858,416
9	$3,335,700	-$1,194,539 -$191,803	$1,949,358
10	$3,502,500	-$1,256,255 -$201,394	$2,044,851
11	$3,677,550	-$1,321,024 -$211,459	$2,145,067
12	$3,861,450	-$1,389,067 -$222,033	$2,250,350
13	$4,054,500	-$1,460,495 -$233,134	$2,360,871
14	$4,257,300	-$1,535,531 -$244,795	$2,476,974
15	$4,470,150	-$1,614,286 -$257,034	$2,598,830
16	$4,693,650	-$1,696,981 -$269,885	$2,726,784
17	$4,928,250	-$1,783,783 -$283,374	$2,861,093
18	$5,174,700	-$1,874,969 -$297,545	$3,002,186
19	$5,433,450	-$1,970,707 -$312,423	$3,150,320
20	$5,705,100	-$2,071,217 -$328,043	$3,305,840
21	$5,990,400	-$2,176,778 -$344,448	$3,469,174
22	$6,289,950	-$2,287,612 -$361,672	$3,640,666
23	$6,604,350	-$2,403,940 -$379,750	$3,820,660
24	$6,934,650	-$2,526,151 -$398,742	$4,009,757
25	$7,281,300	-$2,654,411 -$418,675	$4,208,214
26	$7,645,500	-$2,789,165 -$439,616	$4,416,719
27	$8,027,700	-$2,930,579 -$461,593	$4,635,528
28	$8,429,100	-$3,079,097 -$484,673	$4,865,330
29	$8,850,600	-$3,235,052 -$508,910	$5,106,638
30	$9,293,100	-$3,398,777 -$534,353	$5,359,970