The jackpot for the MEGA Millions draw on Fri Aug 1, 2025, is projected to be $140 Million, with an option for a cash payout of $62 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 Aug 1, 2025 |
|---|
| Draw Date | Fri Aug 1, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $62,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,000,000 | | Federal Tax(24%) | $14,880,000 | | Additional Federal Tax | $8,020,330 | | State Tax(5.75%) | $3,565,000 | | Net Lumpsum Payment | $35,534,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$121,161 |
$1,246,007 |
| 2 |
$2,212,560 |
$778,978
$127,222 |
$1,306,360 |
| 3 |
$2,323,160 |
$819,900
$133,582 |
$1,369,678 |
| 4 |
$2,439,360 |
$862,894
$140,263 |
$1,436,203 |
| 5 |
$2,561,300 |
$908,011
$147,275 |
$1,506,014 |
| 6 |
$2,689,400 |
$955,408
$154,641 |
$1,579,351 |
| 7 |
$2,823,800 |
$1,005,136
$162,369 |
$1,656,295 |
| 8 |
$2,965,060 |
$1,057,403
$170,491 |
$1,737,166 |
| 9 |
$3,113,320 |
$1,112,259
$179,016 |
$1,822,045 |
| 10 |
$3,269,000 |
$1,169,860
$187,968 |
$1,911,172 |
| 11 |
$3,432,380 |
$1,230,311
$197,362 |
$2,004,707 |
| 12 |
$3,604,020 |
$1,293,818
$207,231 |
$2,102,971 |
| 13 |
$3,784,200 |
$1,360,484
$217,592 |
$2,206,124 |
| 14 |
$3,973,480 |
$1,430,518
$228,475 |
$2,314,487 |
| 15 |
$4,172,140 |
$1,504,022
$239,898 |
$2,428,220 |
| 16 |
$4,380,740 |
$1,581,204
$251,893 |
$2,547,643 |
| 17 |
$4,599,700 |
$1,662,219
$264,483 |
$2,672,998 |
| 18 |
$4,829,720 |
$1,747,327
$277,709 |
$2,804,684 |
| 19 |
$5,071,220 |
$1,836,682
$291,595 |
$2,942,943 |
| 20 |
$5,324,760 |
$1,930,492
$306,174 |
$3,088,094 |
| 21 |
$5,591,040 |
$2,029,015
$321,485 |
$3,240,540 |
| 22 |
$5,870,620 |
$2,132,460
$337,561 |
$3,400,599 |
| 23 |
$6,164,060 |
$2,241,033
$354,433 |
$3,568,594 |
| 24 |
$6,472,340 |
$2,355,096
$372,160 |
$3,745,084 |
| 25 |
$6,795,880 |
$2,474,806
$390,763 |
$3,930,311 |
| 26 |
$7,135,800 |
$2,600,576
$410,309 |
$4,124,915 |
| 27 |
$7,492,520 |
$2,732,563
$430,820 |
$4,329,137 |
| 28 |
$7,867,160 |
$2,871,180
$452,362 |
$4,543,618 |
| 29 |
$8,260,560 |
$3,016,738
$474,982 |
$4,768,840 |
| 30 |
$8,673,560 |
$3,169,548
$498,730 |
$5,005,282 |
|
|
