Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(5.75%)	$6,871,250
Net Lumpsum Payment	$68,453,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$221,551	$2,245,544
2	$4,045,824	-$1,457,285 -$232,635	$2,355,904
3	$4,248,064	-$1,532,114 -$244,264	$2,471,686
4	$4,460,544	-$1,610,732 -$256,481	$2,593,331
5	$4,683,520	-$1,693,233 -$269,302	$2,720,985
6	$4,917,760	-$1,779,902 -$282,771	$2,855,087
7	$5,163,520	-$1,870,833 -$296,902	$2,995,785
8	$5,421,824	-$1,966,405 -$311,755	$3,143,664
9	$5,692,928	-$2,066,714 -$327,343	$3,298,871
10	$5,977,600	-$2,172,042 -$343,712	$3,461,846
11	$6,276,352	-$2,282,581 -$360,890	$3,632,881
12	$6,590,208	-$2,398,707 -$378,937	$3,812,564
13	$6,919,680	-$2,520,612 -$397,882	$4,001,186
14	$7,265,792	-$2,648,673 -$417,783	$4,199,336
15	$7,629,056	-$2,783,081 -$438,671	$4,407,304
16	$8,010,496	-$2,924,214 -$460,604	$4,625,678
17	$8,410,880	-$3,072,356 -$483,626	$4,854,898
18	$8,831,488	-$3,227,981 -$507,811	$5,095,696
19	$9,273,088	-$3,391,373 -$533,203	$5,348,512
20	$9,736,704	-$3,562,911 -$559,860	$5,613,933
21	$10,223,616	-$3,743,068 -$587,858	$5,892,690
22	$10,734,848	-$3,932,224 -$617,254	$6,185,370
23	$11,271,424	-$4,130,757 -$648,107	$6,492,560
24	$11,835,136	-$4,339,331 -$680,520	$6,815,285
25	$12,426,752	-$4,558,229 -$714,538	$7,153,985
26	$13,048,320	-$4,788,209 -$750,278	$7,509,833
27	$13,700,608	-$5,029,555 -$787,785	$7,883,268
28	$14,385,664	-$5,283,026 -$827,176	$8,275,462
29	$15,105,024	-$5,549,189 -$868,539	$8,687,296
30	$15,860,224	-$5,828,613 -$911,963	$9,119,648