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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts 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%) | $1,000,000 | | Net Lumpsum Payment | $11,639,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$32,360 |
$415,041 |
| 2 |
$679,572 |
$211,772
$33,979 |
$433,821 |
| 3 |
$713,542 |
$224,341
$35,677 |
$453,524 |
| 4 |
$749,232 |
$237,546
$37,462 |
$474,224 |
| 5 |
$786,685 |
$251,404
$39,334 |
$495,947 |
| 6 |
$826,030 |
$265,961
$41,302 |
$518,767 |
| 7 |
$867,310 |
$281,235
$43,366 |
$542,709 |
| 8 |
$910,697 |
$297,288
$45,535 |
$567,874 |
| 9 |
$956,234 |
$314,137
$47,812 |
$594,285 |
| 10 |
$1,004,050 |
$331,829
$50,203 |
$622,018 |
| 11 |
$1,054,231 |
$350,396
$52,712 |
$651,123 |
| 12 |
$1,106,949 |
$369,902
$55,347 |
$681,700 |
| 13 |
$1,162,290 |
$390,378
$58,115 |
$713,797 |
| 14 |
$1,220,426 |
$411,888
$61,021 |
$747,517 |
| 15 |
$1,281,443 |
$434,464
$64,072 |
$782,907 |
| 16 |
$1,345,513 |
$458,170
$67,276 |
$820,067 |
| 17 |
$1,412,765 |
$483,053
$70,638 |
$859,074 |
| 18 |
$1,483,414 |
$509,194
$74,171 |
$900,049 |
| 19 |
$1,557,589 |
$536,638
$77,879 |
$943,072 |
| 20 |
$1,635,462 |
$565,451
$81,773 |
$988,238 |
| 21 |
$1,717,248 |
$595,712
$85,862 |
$1,035,674 |
| 22 |
$1,803,119 |
$627,484
$90,156 |
$1,085,479 |
| 23 |
$1,893,247 |
$660,832
$94,662 |
$1,137,753 |
| 24 |
$1,987,933 |
$695,866
$99,397 |
$1,192,670 |
| 25 |
$2,087,306 |
$732,634
$104,365 |
$1,250,307 |
| 26 |
$2,191,710 |
$771,263
$109,586 |
$1,310,861 |
| 27 |
$2,301,274 |
$811,802
$115,064 |
$1,374,408 |
| 28 |
$2,416,342 |
$854,377
$120,817 |
$1,441,148 |
| 29 |
$2,537,172 |
$899,084
$126,859 |
$1,511,229 |
| 30 |
$2,664,022 |
$946,019
$133,201 |
$1,584,802 |
|
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