The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
Georgia MEGA Millions Jackpot/Cash Option for Fri Oct 17, 2025 |
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Draw Date | Fri Oct 17, 2025 | Projected Jackpot | $625,000,000 | Cash Value | $288,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $288,800,000 | Federal Tax(24%) | $69,312,000 | Additional Federal Tax | $37,504,330 | State Tax(5.75%) | $16,606,000 | Net Lumpsum Payment | $165,377,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$9,406,875 |
$3,440,874 $540,895 |
$5,425,106 |
2 |
$9,877,500 |
$3,615,005 $567,956 |
$5,694,539 |
3 |
$10,371,250 |
$3,797,693 $596,347 |
$5,977,210 |
4 |
$10,890,000 |
$3,989,630 $626,175 |
$6,274,195 |
5 |
$11,434,375 |
$4,191,049 $657,477 |
$6,585,849 |
6 |
$12,006,250 |
$4,402,643 $690,359 |
$6,913,248 |
7 |
$12,606,250 |
$4,624,643 $724,859 |
$7,256,748 |
8 |
$13,236,875 |
$4,857,974 $761,120 |
$7,617,781 |
9 |
$13,898,750 |
$5,102,868 $799,178 |
$7,996,704 |
10 |
$14,593,750 |
$5,360,018 $839,141 |
$8,394,591 |
11 |
$15,323,125 |
$5,629,887 $881,080 |
$8,812,158 |
12 |
$16,089,375 |
$5,913,399 $925,139 |
$9,250,837 |
13 |
$16,893,750 |
$6,211,018 $971,391 |
$9,711,341 |
14 |
$17,738,750 |
$6,523,668 $1,019,978 |
$10,195,104 |
15 |
$18,625,625 |
$6,851,812 $1,070,973 |
$10,702,840 |
16 |
$19,556,875 |
$7,196,374 $1,124,520 |
$11,235,981 |
17 |
$20,534,375 |
$7,558,049 $1,180,727 |
$11,795,599 |
18 |
$21,561,250 |
$7,937,993 $1,239,772 |
$12,383,485 |
19 |
$22,639,375 |
$8,336,899 $1,301,764 |
$13,000,712 |
20 |
$23,771,250 |
$8,755,693 $1,366,847 |
$13,648,710 |
21 |
$24,960,000 |
$9,195,530 $1,435,200 |
$14,329,270 |
22 |
$26,208,125 |
$9,657,337 $1,506,967 |
$15,043,821 |
23 |
$27,518,125 |
$10,142,037 $1,582,292 |
$15,793,796 |
24 |
$28,894,375 |
$10,651,249 $1,661,427 |
$16,581,699 |
25 |
$30,338,750 |
$11,185,668 $1,744,478 |
$17,408,604 |
26 |
$31,856,250 |
$11,747,143 $1,831,734 |
$18,277,373 |
27 |
$33,448,750 |
$12,336,368 $1,923,303 |
$19,189,079 |
28 |
$35,121,250 |
$12,955,193 $2,019,472 |
$20,146,585 |
29 |
$36,877,500 |
$13,605,005 $2,120,456 |
$21,152,039 |
30 |
$38,721,250 |
$14,287,193 $2,226,472 |
$22,207,585 |
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