The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 Tue Apr 29, 2025 |
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Draw Date | Tue Apr 29, 2025 | Projected Jackpot | $70,000,000 | Cash Value | $31,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $31,800,000 | Federal Tax(24%) | $7,632,000 | Additional Federal Tax | $4,094,330 | State Tax(10.75%) | $3,418,500 | Net Lumpsum Payment | $16,655,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,053,570 |
$350,151 $113,259 |
$590,160 |
2 |
$1,106,280 |
$369,654 $118,925 |
$617,701 |
3 |
$1,161,580 |
$390,115 $124,870 |
$646,595 |
4 |
$1,219,680 |
$411,612 $131,116 |
$676,952 |
5 |
$1,280,650 |
$434,171 $137,670 |
$708,809 |
6 |
$1,344,700 |
$457,869 $144,555 |
$742,276 |
7 |
$1,411,900 |
$482,733 $151,779 |
$777,388 |
8 |
$1,482,530 |
$508,866 $159,372 |
$814,292 |
9 |
$1,556,660 |
$536,295 $167,341 |
$853,024 |
10 |
$1,634,500 |
$565,095 $175,709 |
$893,696 |
11 |
$1,716,190 |
$595,321 $184,490 |
$936,379 |
12 |
$1,802,010 |
$627,074 $193,716 |
$981,220 |
13 |
$1,892,100 |
$660,407 $203,401 |
$1,028,292 |
14 |
$1,986,740 |
$695,424 $213,575 |
$1,077,741 |
15 |
$2,086,070 |
$732,176 $224,253 |
$1,129,641 |
16 |
$2,190,370 |
$770,767 $235,465 |
$1,184,138 |
17 |
$2,299,850 |
$811,275 $247,234 |
$1,241,341 |
18 |
$2,414,860 |
$853,829 $259,597 |
$1,301,434 |
19 |
$2,535,610 |
$898,506 $272,578 |
$1,364,526 |
20 |
$2,662,380 |
$945,411 $286,206 |
$1,430,763 |
21 |
$2,795,520 |
$994,673 $300,518 |
$1,500,329 |
22 |
$2,935,310 |
$1,046,395 $315,546 |
$1,573,369 |
23 |
$3,082,030 |
$1,100,681 $331,318 |
$1,650,031 |
24 |
$3,236,170 |
$1,157,713 $347,888 |
$1,730,569 |
25 |
$3,397,940 |
$1,217,568 $365,279 |
$1,815,093 |
26 |
$3,567,900 |
$1,280,453 $383,549 |
$1,903,898 |
27 |
$3,746,260 |
$1,346,447 $402,723 |
$1,997,090 |
28 |
$3,933,580 |
$1,415,755 $422,860 |
$2,094,965 |
29 |
$4,130,280 |
$1,488,534 $444,005 |
$2,197,741 |
30 |
$4,336,780 |
$1,564,939 $466,204 |
$2,305,637 |
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