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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia 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(5.75%) | $1,150,000 | | Net Lumpsum Payment | $11,489,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$37,214 |
$410,187 |
| 2 |
$679,572 |
$211,772
$39,075 |
$428,725 |
| 3 |
$713,542 |
$224,341
$41,029 |
$448,172 |
| 4 |
$749,232 |
$237,546
$43,081 |
$468,605 |
| 5 |
$786,685 |
$251,404
$45,234 |
$490,047 |
| 6 |
$826,030 |
$265,961
$47,497 |
$512,572 |
| 7 |
$867,310 |
$281,235
$49,870 |
$536,205 |
| 8 |
$910,697 |
$297,288
$52,365 |
$561,044 |
| 9 |
$956,234 |
$314,137
$54,983 |
$587,114 |
| 10 |
$1,004,050 |
$331,829
$57,733 |
$614,488 |
| 11 |
$1,054,231 |
$350,396
$60,618 |
$643,217 |
| 12 |
$1,106,949 |
$369,902
$63,650 |
$673,397 |
| 13 |
$1,162,290 |
$390,378
$66,832 |
$705,080 |
| 14 |
$1,220,426 |
$411,888
$70,174 |
$738,364 |
| 15 |
$1,281,443 |
$434,464
$73,683 |
$773,296 |
| 16 |
$1,345,513 |
$458,170
$77,367 |
$809,976 |
| 17 |
$1,412,765 |
$483,053
$81,234 |
$848,478 |
| 18 |
$1,483,414 |
$509,194
$85,296 |
$888,924 |
| 19 |
$1,557,589 |
$536,638
$89,561 |
$931,390 |
| 20 |
$1,635,462 |
$565,451
$94,039 |
$975,972 |
| 21 |
$1,717,248 |
$595,712
$98,742 |
$1,022,794 |
| 22 |
$1,803,119 |
$627,484
$103,679 |
$1,071,956 |
| 23 |
$1,893,247 |
$660,832
$108,862 |
$1,123,553 |
| 24 |
$1,987,933 |
$695,866
$114,306 |
$1,177,761 |
| 25 |
$2,087,306 |
$732,634
$120,020 |
$1,234,652 |
| 26 |
$2,191,710 |
$771,263
$126,023 |
$1,294,424 |
| 27 |
$2,301,274 |
$811,802
$132,323 |
$1,357,149 |
| 28 |
$2,416,342 |
$854,377
$138,940 |
$1,423,025 |
| 29 |
$2,537,172 |
$899,084
$145,887 |
$1,492,201 |
| 30 |
$2,664,022 |
$946,019
$153,181 |
$1,564,822 |
|
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