The jackpot for the MEGA Millions draw on Tue Jul 1, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Tue Jul 1, 2025 |
|---|
| Draw Date | Tue Jul 1, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(10.75%) | $2,408,000 | | Net Lumpsum Payment | $11,743,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$80,899 |
$432,877 |
| 2 |
$790,200 |
$252,704
$84,947 |
$452,549 |
| 3 |
$829,700 |
$267,319
$89,193 |
$473,188 |
| 4 |
$871,200 |
$282,674
$93,654 |
$494,872 |
| 5 |
$914,750 |
$298,788
$98,336 |
$517,626 |
| 6 |
$960,500 |
$315,715
$103,254 |
$541,531 |
| 7 |
$1,008,500 |
$333,475
$108,414 |
$566,611 |
| 8 |
$1,058,950 |
$352,142
$113,837 |
$592,971 |
| 9 |
$1,111,900 |
$371,733
$119,529 |
$620,638 |
| 10 |
$1,167,500 |
$392,305
$125,506 |
$649,689 |
| 11 |
$1,225,850 |
$413,895
$131,779 |
$680,176 |
| 12 |
$1,287,150 |
$436,576
$138,369 |
$712,205 |
| 13 |
$1,351,500 |
$460,385
$145,286 |
$745,829 |
| 14 |
$1,419,100 |
$485,397
$152,553 |
$781,150 |
| 15 |
$1,490,050 |
$511,649
$160,180 |
$818,221 |
| 16 |
$1,564,550 |
$539,214
$168,189 |
$857,147 |
| 17 |
$1,642,750 |
$568,148
$176,596 |
$898,006 |
| 18 |
$1,724,900 |
$598,543
$185,427 |
$940,930 |
| 19 |
$1,811,150 |
$630,456
$194,699 |
$985,995 |
| 20 |
$1,901,700 |
$663,959
$204,433 |
$1,033,308 |
| 21 |
$1,996,800 |
$699,146
$214,656 |
$1,082,998 |
| 22 |
$2,096,650 |
$736,091
$225,390 |
$1,135,169 |
| 23 |
$2,201,450 |
$774,867
$236,656 |
$1,189,927 |
| 24 |
$2,311,550 |
$815,604
$248,492 |
$1,247,454 |
| 25 |
$2,427,100 |
$858,357
$260,913 |
$1,307,830 |
| 26 |
$2,548,500 |
$903,275
$273,964 |
$1,371,261 |
| 27 |
$2,675,900 |
$950,413
$287,659 |
$1,437,828 |
| 28 |
$2,809,700 |
$999,919
$302,043 |
$1,507,738 |
| 29 |
$2,950,200 |
$1,051,904
$317,147 |
$1,581,149 |
| 30 |
$3,097,700 |
$1,106,479
$333,003 |
$1,658,218 |
|
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