The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(10.75%) | $2,150,000 | | Net Lumpsum Payment | $10,489,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$69,573 |
$377,828 |
| 2 |
$679,572 |
$211,772
$73,054 |
$394,746 |
| 3 |
$713,542 |
$224,341
$76,706 |
$412,495 |
| 4 |
$749,232 |
$237,546
$80,542 |
$431,144 |
| 5 |
$786,685 |
$251,404
$84,569 |
$450,712 |
| 6 |
$826,030 |
$265,961
$88,798 |
$471,271 |
| 7 |
$867,310 |
$281,235
$93,236 |
$492,839 |
| 8 |
$910,697 |
$297,288
$97,900 |
$515,509 |
| 9 |
$956,234 |
$314,137
$102,795 |
$539,302 |
| 10 |
$1,004,050 |
$331,829
$107,935 |
$564,286 |
| 11 |
$1,054,231 |
$350,396
$113,330 |
$590,505 |
| 12 |
$1,106,949 |
$369,902
$118,997 |
$618,050 |
| 13 |
$1,162,290 |
$390,378
$124,946 |
$646,966 |
| 14 |
$1,220,426 |
$411,888
$131,196 |
$677,342 |
| 15 |
$1,281,443 |
$434,464
$137,755 |
$709,224 |
| 16 |
$1,345,513 |
$458,170
$144,643 |
$742,700 |
| 17 |
$1,412,765 |
$483,053
$151,872 |
$777,840 |
| 18 |
$1,483,414 |
$509,194
$159,467 |
$814,753 |
| 19 |
$1,557,589 |
$536,638
$167,441 |
$853,510 |
| 20 |
$1,635,462 |
$565,451
$175,812 |
$894,199 |
| 21 |
$1,717,248 |
$595,712
$184,604 |
$936,932 |
| 22 |
$1,803,119 |
$627,484
$193,835 |
$981,800 |
| 23 |
$1,893,247 |
$660,832
$203,524 |
$1,028,891 |
| 24 |
$1,987,933 |
$695,866
$213,703 |
$1,078,364 |
| 25 |
$2,087,306 |
$732,634
$224,385 |
$1,130,287 |
| 26 |
$2,191,710 |
$771,263
$235,609 |
$1,184,838 |
| 27 |
$2,301,274 |
$811,802
$247,387 |
$1,242,085 |
| 28 |
$2,416,342 |
$854,377
$259,757 |
$1,302,208 |
| 29 |
$2,537,172 |
$899,084
$272,746 |
$1,365,342 |
| 30 |
$2,664,022 |
$946,019
$286,382 |
$1,431,621 |
|
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