The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia MEGA Millions Jackpot/Cash Option for Tue Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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