Jackpot Analysis Massachusetts Mega Millions

Jackpot Analysis for Massachusetts Mega Millions
The jackpot for the MEGA Millions draw on Tue Feb 11, 2025, is projected to be $110 Million, with an option for a cash payout of $50.2 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.

Massachusetts MEGA Millions Jackpot/Cash Option for Tue Feb 11, 2025
Draw DateTue Feb 11, 2025
Projected Jackpot$110,000,000
Cash Value$50,200,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$50,200,000
Federal Tax(24%)$12,048,000
Additional Federal Tax$6,486,330
State Tax(5%)$2,510,000
Net Lumpsum Payment$29,155,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,655,610 $572,906
$82,781
$999,923
2 $1,738,440 $603,553
$86,922
$1,047,965
3 $1,825,340 $635,706
$91,267
$1,098,367
4 $1,916,640 $669,487
$95,832
$1,151,321
5 $2,012,450 $704,937
$100,623
$1,206,890
6 $2,113,100 $742,177
$105,655
$1,265,268
7 $2,218,700 $781,249
$110,935
$1,326,516
8 $2,329,690 $822,316
$116,485
$1,390,889
9 $2,446,180 $865,417
$122,309
$1,458,454
10 $2,568,500 $910,675
$128,425
$1,529,400
11 $2,696,870 $958,172
$134,844
$1,603,854
12 $2,831,730 $1,008,070
$141,587
$1,682,073
13 $2,973,300 $1,060,451
$148,665
$1,764,184
14 $3,122,020 $1,115,478
$156,101
$1,850,441
15 $3,278,110 $1,173,231
$163,906
$1,940,973
16 $3,442,010 $1,233,874
$172,101
$2,036,035
17 $3,614,050 $1,297,529
$180,703
$2,135,818
18 $3,794,780 $1,364,399
$189,739
$2,240,642
19 $3,984,530 $1,434,606
$199,227
$2,350,697
20 $4,183,740 $1,508,314
$209,187
$2,466,239
21 $4,392,960 $1,585,726
$219,648
$2,587,586
22 $4,612,630 $1,667,003
$230,632
$2,714,995
23 $4,843,190 $1,752,311
$242,160
$2,848,719
24 $5,085,410 $1,841,932
$254,271
$2,989,207
25 $5,339,620 $1,935,990
$266,981
$3,136,649
26 $5,606,700 $2,034,809
$280,335
$3,291,556
27 $5,886,980 $2,138,513
$294,349
$3,454,118
28 $6,181,340 $2,247,426
$309,067
$3,624,847
29 $6,490,440 $2,361,793
$324,522
$3,804,125
30 $6,814,940 $2,481,858
$340,747
$3,992,335