The jackpot for the MEGA Millions draw on Fri May 2, 2025, is projected to be $80 Million, with an option for a cash payout of $36.4 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 May 2, 2025 |
|---|
| Draw Date | Fri May 2, 2025 | | Projected Jackpot | $80,000,000 | | Cash Value | $36,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $36,400,000 | | Federal Tax(24%) | $8,736,000 | | Additional Federal Tax | $4,692,330 | | State Tax(10.75%) | $3,913,000 | | Net Lumpsum Payment | $19,058,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,204,080 |
$405,840
$129,439 |
$668,801 |
| 2 |
$1,264,320 |
$428,129
$135,914 |
$700,277 |
| 3 |
$1,327,520 |
$451,513
$142,708 |
$733,299 |
| 4 |
$1,393,920 |
$476,081
$149,846 |
$767,993 |
| 5 |
$1,463,600 |
$501,862
$157,337 |
$804,401 |
| 6 |
$1,536,800 |
$528,946
$165,206 |
$842,648 |
| 7 |
$1,613,600 |
$557,362
$173,462 |
$882,776 |
| 8 |
$1,694,320 |
$587,229
$182,139 |
$924,952 |
| 9 |
$1,779,040 |
$618,575
$191,247 |
$969,218 |
| 10 |
$1,868,000 |
$651,490
$200,810 |
$1,015,700 |
| 11 |
$1,961,360 |
$686,034
$210,846 |
$1,064,480 |
| 12 |
$2,059,440 |
$722,323
$221,390 |
$1,115,727 |
| 13 |
$2,162,400 |
$760,418
$232,458 |
$1,169,524 |
| 14 |
$2,270,560 |
$800,438
$244,085 |
$1,226,037 |
| 15 |
$2,384,080 |
$842,440
$256,289 |
$1,285,351 |
| 16 |
$2,503,280 |
$886,544
$269,103 |
$1,347,633 |
| 17 |
$2,628,400 |
$932,838
$282,553 |
$1,413,009 |
| 18 |
$2,759,840 |
$981,471
$296,683 |
$1,481,686 |
| 19 |
$2,897,840 |
$1,032,531
$311,518 |
$1,553,791 |
| 20 |
$3,042,720 |
$1,086,137
$327,092 |
$1,629,491 |
| 21 |
$3,194,880 |
$1,142,436
$343,450 |
$1,708,994 |
| 22 |
$3,354,640 |
$1,201,547
$360,624 |
$1,792,469 |
| 23 |
$3,522,320 |
$1,263,589
$378,649 |
$1,880,082 |
| 24 |
$3,698,480 |
$1,328,768
$397,587 |
$1,972,125 |
| 25 |
$3,883,360 |
$1,397,174
$417,461 |
$2,068,725 |
| 26 |
$4,077,600 |
$1,469,042
$438,342 |
$2,170,216 |
| 27 |
$4,281,440 |
$1,544,463
$460,255 |
$2,276,722 |
| 28 |
$4,495,520 |
$1,623,673
$483,268 |
$2,388,579 |
| 29 |
$4,720,320 |
$1,706,849
$507,434 |
$2,506,037 |
| 30 |
$4,956,320 |
$1,794,169
$532,804 |
$2,629,347 |
|
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