Jackpot Analysis Georgia Mega Millions

Jackpot Analysis for Georgia Mega Millions
The jackpot for the MEGA Millions draw on Fri Jul 4, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 4, 2025
Draw DateFri Jul 4, 2025
Projected Jackpot$60,000,000
Cash Value$26,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$26,900,000
Federal Tax(24%)$6,456,000
Additional Federal Tax$3,457,330
State Tax(5.75%)$1,546,750
Net Lumpsum Payment$15,439,920
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $903,060 $294,463
$51,926
$556,671
2 $948,240 $311,179
$54,524
$582,537
3 $995,640 $328,717
$57,249
$609,674
4 $1,045,440 $347,143
$60,113
$638,184
5 $1,097,700 $366,479
$63,118
$668,103
6 $1,152,600 $386,792
$66,275
$699,533
7 $1,210,200 $408,104
$69,587
$732,509
8 $1,270,740 $430,504
$73,068
$767,168
9 $1,334,280 $454,014
$76,721
$803,545
10 $1,401,000 $478,700
$80,558
$841,742
11 $1,471,020 $504,608
$84,584
$881,828
12 $1,544,580 $531,825
$88,813
$923,942
13 $1,621,800 $560,396
$93,254
$968,150
14 $1,702,920 $590,411
$97,918
$1,014,591
15 $1,788,060 $621,913
$102,813
$1,063,334
16 $1,877,460 $654,991
$107,954
$1,114,515
17 $1,971,300 $689,711
$113,350
$1,168,239
18 $2,069,880 $726,186
$119,018
$1,224,676
19 $2,173,380 $764,481
$124,969
$1,283,930
20 $2,282,040 $804,685
$131,217
$1,346,138
21 $2,396,160 $846,910
$137,779
$1,411,471
22 $2,515,980 $891,243
$144,669
$1,480,068
23 $2,641,740 $937,774
$151,900
$1,552,066
24 $2,773,860 $986,659
$159,497
$1,627,704
25 $2,912,520 $1,037,963
$167,470
$1,707,087
26 $3,058,200 $1,091,864
$175,847
$1,790,489
27 $3,211,080 $1,148,430
$184,637
$1,878,013
28 $3,371,640 $1,207,837
$193,869
$1,969,934
29 $3,540,240 $1,270,219
$203,564
$2,066,457
30 $3,717,240 $1,335,709
$213,741
$2,167,790