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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia MEGA Millions Jackpot/Cash Option for Tue Apr 29, 2025 |
|---|
| Draw Date | Tue Apr 29, 2025 | | Projected Jackpot | $70,000,000 | | Cash Value | $31,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,800,000 | | Federal Tax(24%) | $7,632,000 | | Additional Federal Tax | $4,094,330 | | State Tax(5.75%) | $1,828,500 | | Net Lumpsum Payment | $18,245,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,053,570 |
$350,151
$60,580 |
$642,839 |
| 2 |
$1,106,280 |
$369,654
$63,611 |
$673,015 |
| 3 |
$1,161,580 |
$390,115
$66,791 |
$704,674 |
| 4 |
$1,219,680 |
$411,612
$70,132 |
$737,936 |
| 5 |
$1,280,650 |
$434,171
$73,637 |
$772,842 |
| 6 |
$1,344,700 |
$457,869
$77,320 |
$809,511 |
| 7 |
$1,411,900 |
$482,733
$81,184 |
$847,983 |
| 8 |
$1,482,530 |
$508,866
$85,245 |
$888,419 |
| 9 |
$1,556,660 |
$536,295
$89,508 |
$930,857 |
| 10 |
$1,634,500 |
$565,095
$93,984 |
$975,421 |
| 11 |
$1,716,190 |
$595,321
$98,681 |
$1,022,188 |
| 12 |
$1,802,010 |
$627,074
$103,616 |
$1,071,320 |
| 13 |
$1,892,100 |
$660,407
$108,796 |
$1,122,897 |
| 14 |
$1,986,740 |
$695,424
$114,238 |
$1,177,078 |
| 15 |
$2,086,070 |
$732,176
$119,949 |
$1,233,945 |
| 16 |
$2,190,370 |
$770,767
$125,946 |
$1,293,657 |
| 17 |
$2,299,850 |
$811,275
$132,241 |
$1,356,334 |
| 18 |
$2,414,860 |
$853,829
$138,854 |
$1,422,177 |
| 19 |
$2,535,610 |
$898,506
$145,798 |
$1,491,306 |
| 20 |
$2,662,380 |
$945,411
$153,087 |
$1,563,882 |
| 21 |
$2,795,520 |
$994,673
$160,742 |
$1,640,105 |
| 22 |
$2,935,310 |
$1,046,395
$168,780 |
$1,720,135 |
| 23 |
$3,082,030 |
$1,100,681
$177,217 |
$1,804,132 |
| 24 |
$3,236,170 |
$1,157,713
$186,080 |
$1,892,377 |
| 25 |
$3,397,940 |
$1,217,568
$195,382 |
$1,984,990 |
| 26 |
$3,567,900 |
$1,280,453
$205,154 |
$2,082,293 |
| 27 |
$3,746,260 |
$1,346,447
$215,410 |
$2,184,403 |
| 28 |
$3,933,580 |
$1,415,755
$226,181 |
$2,291,644 |
| 29 |
$4,130,280 |
$1,488,534
$237,491 |
$2,404,255 |
| 30 |
$4,336,780 |
$1,564,939
$249,365 |
$2,522,476 |
|
|
