The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Fri Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(10.75%) | $8,084,000 | | Net Lumpsum Payment | $39,331,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$268,585 |
$1,345,118 |
| 2 |
$2,623,464 |
$931,012
$282,022 |
$1,410,430 |
| 3 |
$2,754,604 |
$979,534
$296,120 |
$1,478,950 |
| 4 |
$2,892,384 |
$1,030,512
$310,931 |
$1,550,941 |
| 5 |
$3,036,970 |
$1,084,009
$326,474 |
$1,626,487 |
| 6 |
$3,188,860 |
$1,140,209
$342,802 |
$1,705,849 |
| 7 |
$3,348,220 |
$1,199,172
$359,934 |
$1,789,114 |
| 8 |
$3,515,714 |
$1,261,145
$377,939 |
$1,876,630 |
| 9 |
$3,691,508 |
$1,326,188
$396,837 |
$1,968,483 |
| 10 |
$3,876,100 |
$1,394,487
$416,681 |
$2,064,932 |
| 11 |
$4,069,822 |
$1,466,165
$437,506 |
$2,166,151 |
| 12 |
$4,273,338 |
$1,541,465
$459,384 |
$2,272,489 |
| 13 |
$4,486,980 |
$1,620,513
$482,350 |
$2,384,117 |
| 14 |
$4,711,412 |
$1,703,553
$506,477 |
$2,501,382 |
| 15 |
$4,946,966 |
$1,790,708
$531,799 |
$2,624,459 |
| 16 |
$5,194,306 |
$1,882,224
$558,388 |
$2,753,694 |
| 17 |
$5,453,930 |
$1,978,284
$586,297 |
$2,889,349 |
| 18 |
$5,726,668 |
$2,079,198
$615,617 |
$3,031,853 |
| 19 |
$6,013,018 |
$2,185,147
$646,399 |
$3,181,472 |
| 20 |
$6,313,644 |
$2,296,379
$678,717 |
$3,338,548 |
| 21 |
$6,629,376 |
$2,413,200
$712,658 |
$3,503,518 |
| 22 |
$6,960,878 |
$2,535,855
$748,294 |
$3,676,729 |
| 23 |
$7,308,814 |
$2,664,592
$785,698 |
$3,858,524 |
| 24 |
$7,674,346 |
$2,799,838
$824,992 |
$4,049,516 |
| 25 |
$8,057,972 |
$2,941,780
$866,232 |
$4,249,960 |
| 26 |
$8,461,020 |
$3,090,908
$909,560 |
$4,460,552 |
| 27 |
$8,883,988 |
$3,247,406
$955,029 |
$4,681,553 |
| 28 |
$9,328,204 |
$3,411,766
$1,002,782 |
$4,913,656 |
| 29 |
$9,794,664 |
$3,584,356
$1,052,926 |
$5,157,382 |
| 30 |
$10,284,364 |
$3,765,545
$1,105,569 |
$5,413,250 |
|
|
