The jackpot for the MEGA Millions draw on Fri Jul 18, 2025, is projected to be $50 Million, with an option for a cash payout of $22.1 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 Fri Jul 18, 2025 |
|---|
| Draw Date | Fri Jul 18, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,100,000 | | Federal Tax(24%) | $5,304,000 | | Additional Federal Tax | $2,833,330 | | State Tax(5.75%) | $1,270,750 | | Net Lumpsum Payment | $12,691,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$43,272 |
$470,504 |
| 2 |
$790,200 |
$252,704
$45,437 |
$492,059 |
| 3 |
$829,700 |
$267,319
$47,708 |
$514,673 |
| 4 |
$871,200 |
$282,674
$50,094 |
$538,432 |
| 5 |
$914,750 |
$298,788
$52,598 |
$563,364 |
| 6 |
$960,500 |
$315,715
$55,229 |
$589,556 |
| 7 |
$1,008,500 |
$333,475
$57,989 |
$617,036 |
| 8 |
$1,058,950 |
$352,142
$60,890 |
$645,918 |
| 9 |
$1,111,900 |
$371,733
$63,934 |
$676,233 |
| 10 |
$1,167,500 |
$392,305
$67,131 |
$708,064 |
| 11 |
$1,225,850 |
$413,895
$70,486 |
$741,469 |
| 12 |
$1,287,150 |
$436,576
$74,011 |
$776,563 |
| 13 |
$1,351,500 |
$460,385
$77,711 |
$813,404 |
| 14 |
$1,419,100 |
$485,397
$81,598 |
$852,105 |
| 15 |
$1,490,050 |
$511,649
$85,678 |
$892,723 |
| 16 |
$1,564,550 |
$539,214
$89,962 |
$935,374 |
| 17 |
$1,642,750 |
$568,148
$94,458 |
$980,144 |
| 18 |
$1,724,900 |
$598,543
$99,182 |
$1,027,175 |
| 19 |
$1,811,150 |
$630,456
$104,141 |
$1,076,553 |
| 20 |
$1,901,700 |
$663,959
$109,348 |
$1,128,393 |
| 21 |
$1,996,800 |
$699,146
$114,816 |
$1,182,838 |
| 22 |
$2,096,650 |
$736,091
$120,557 |
$1,240,002 |
| 23 |
$2,201,450 |
$774,867
$126,583 |
$1,300,000 |
| 24 |
$2,311,550 |
$815,604
$132,914 |
$1,363,032 |
| 25 |
$2,427,100 |
$858,357
$139,558 |
$1,429,185 |
| 26 |
$2,548,500 |
$903,275
$146,539 |
$1,498,686 |
| 27 |
$2,675,900 |
$950,413
$153,864 |
$1,571,623 |
| 28 |
$2,809,700 |
$999,919
$161,558 |
$1,648,223 |
| 29 |
$2,950,200 |
$1,051,904
$169,637 |
$1,728,659 |
| 30 |
$3,097,700 |
$1,106,479
$178,118 |
$1,813,103 |
|
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