The jackpot for the MEGA Millions draw on Fri Jul 25, 2025, is projected to be $120 Million, with an option for a cash payout of $52.8 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 those living in Delaware, the bright side is you won't have to pay any state taxes on your lottery prize.
Delaware MEGA Millions Jackpot/Cash Option for Fri Jul 25, 2025 |
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Draw Date | Fri Jul 25, 2025 | Projected Jackpot | $120,000,000 | Cash Value | $52,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $52,800,000 | Federal Tax(24%) | $12,672,000 | Additional Federal Tax | $6,824,330 | State Tax(0%) | $0 | Net Lumpsum Payment | $33,303,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,806,120 |
$628,595 $0 |
$1,177,525 |
2 |
$1,896,480 |
$662,028 $0 |
$1,234,452 |
3 |
$1,991,280 |
$697,104 $0 |
$1,294,176 |
4 |
$2,090,880 |
$733,956 $0 |
$1,356,924 |
5 |
$2,195,400 |
$772,628 $0 |
$1,422,772 |
6 |
$2,305,200 |
$813,254 $0 |
$1,491,946 |
7 |
$2,420,400 |
$855,878 $0 |
$1,564,522 |
8 |
$2,541,480 |
$900,678 $0 |
$1,640,802 |
9 |
$2,668,560 |
$947,698 $0 |
$1,720,862 |
10 |
$2,802,000 |
$997,070 $0 |
$1,804,930 |
11 |
$2,942,040 |
$1,048,885 $0 |
$1,893,155 |
12 |
$3,089,160 |
$1,103,320 $0 |
$1,985,840 |
13 |
$3,243,600 |
$1,160,462 $0 |
$2,083,138 |
14 |
$3,405,840 |
$1,220,491 $0 |
$2,185,349 |
15 |
$3,576,120 |
$1,283,495 $0 |
$2,292,625 |
16 |
$3,754,920 |
$1,349,651 $0 |
$2,405,269 |
17 |
$3,942,600 |
$1,419,092 $0 |
$2,523,508 |
18 |
$4,139,760 |
$1,492,042 $0 |
$2,647,718 |
19 |
$4,346,760 |
$1,568,632 $0 |
$2,778,128 |
20 |
$4,564,080 |
$1,649,040 $0 |
$2,915,040 |
21 |
$4,792,320 |
$1,733,489 $0 |
$3,058,831 |
22 |
$5,031,960 |
$1,822,156 $0 |
$3,209,804 |
23 |
$5,283,480 |
$1,915,218 $0 |
$3,368,262 |
24 |
$5,547,720 |
$2,012,987 $0 |
$3,534,733 |
25 |
$5,825,040 |
$2,115,595 $0 |
$3,709,445 |
26 |
$6,116,400 |
$2,223,398 $0 |
$3,893,002 |
27 |
$6,422,160 |
$2,336,530 $0 |
$4,085,630 |
28 |
$6,743,280 |
$2,455,344 $0 |
$4,287,936 |
29 |
$7,080,480 |
$2,580,108 $0 |
$4,500,372 |
30 |
$7,434,480 |
$2,711,088 $0 |
$4,723,392 |
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