The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(5.75%) | $5,175,000 | | Net Lumpsum Payment | $51,564,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$174,817 |
$1,780,243 |
| 2 |
$3,192,408 |
$1,141,521
$183,563 |
$1,867,324 |
| 3 |
$3,351,988 |
$1,200,566
$192,739 |
$1,958,683 |
| 4 |
$3,519,648 |
$1,262,600
$202,380 |
$2,054,668 |
| 5 |
$3,695,590 |
$1,327,699
$212,496 |
$2,155,395 |
| 6 |
$3,880,420 |
$1,396,086
$223,124 |
$2,261,210 |
| 7 |
$4,074,340 |
$1,467,836
$234,275 |
$2,372,229 |
| 8 |
$4,278,158 |
$1,543,249
$245,994 |
$2,488,915 |
| 9 |
$4,492,076 |
$1,622,399
$258,294 |
$2,611,383 |
| 10 |
$4,716,700 |
$1,705,509
$271,210 |
$2,739,981 |
| 11 |
$4,952,434 |
$1,792,731
$284,765 |
$2,874,938 |
| 12 |
$5,200,086 |
$1,884,362
$299,005 |
$3,016,719 |
| 13 |
$5,460,060 |
$1,980,553
$313,953 |
$3,165,554 |
| 14 |
$5,733,164 |
$2,081,601
$329,657 |
$3,321,906 |
| 15 |
$6,019,802 |
$2,187,657
$346,139 |
$3,486,006 |
| 16 |
$6,320,782 |
$2,299,020
$363,445 |
$3,658,317 |
| 17 |
$6,636,710 |
$2,415,913
$381,611 |
$3,839,186 |
| 18 |
$6,968,596 |
$2,538,711
$400,694 |
$4,029,191 |
| 19 |
$7,317,046 |
$2,667,637
$420,730 |
$4,228,679 |
| 20 |
$7,682,868 |
$2,802,992
$441,765 |
$4,438,111 |
| 21 |
$8,067,072 |
$2,945,147
$463,857 |
$4,658,068 |
| 22 |
$8,470,466 |
$3,094,403
$487,052 |
$4,889,011 |
| 23 |
$8,893,858 |
$3,251,058
$511,397 |
$5,131,403 |
| 24 |
$9,338,662 |
$3,415,635
$536,973 |
$5,386,054 |
| 25 |
$9,805,484 |
$3,588,359
$563,815 |
$5,653,310 |
| 26 |
$10,295,940 |
$3,769,828
$592,017 |
$5,934,095 |
| 27 |
$10,810,636 |
$3,960,266
$621,612 |
$6,228,758 |
| 28 |
$11,351,188 |
$4,160,270
$652,693 |
$6,538,225 |
| 29 |
$11,918,808 |
$4,370,289
$685,331 |
$6,863,188 |
| 30 |
$12,514,708 |
$4,590,772
$719,596 |
$7,204,340 |
|
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