The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(5.75%) | $3,904,250 | | Net Lumpsum Payment | $38,912,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$129,815 |
$1,332,174 |
| 2 |
$2,370,600 |
$837,452
$136,310 |
$1,396,838 |
| 3 |
$2,489,100 |
$881,297
$143,123 |
$1,464,680 |
| 4 |
$2,613,600 |
$927,362
$150,282 |
$1,535,956 |
| 5 |
$2,744,250 |
$975,703
$157,794 |
$1,610,753 |
| 6 |
$2,881,500 |
$1,026,485
$165,686 |
$1,689,329 |
| 7 |
$3,025,500 |
$1,079,765
$173,966 |
$1,771,769 |
| 8 |
$3,176,850 |
$1,135,765
$182,669 |
$1,858,416 |
| 9 |
$3,335,700 |
$1,194,539
$191,803 |
$1,949,358 |
| 10 |
$3,502,500 |
$1,256,255
$201,394 |
$2,044,851 |
| 11 |
$3,677,550 |
$1,321,024
$211,459 |
$2,145,067 |
| 12 |
$3,861,450 |
$1,389,067
$222,033 |
$2,250,350 |
| 13 |
$4,054,500 |
$1,460,495
$233,134 |
$2,360,871 |
| 14 |
$4,257,300 |
$1,535,531
$244,795 |
$2,476,974 |
| 15 |
$4,470,150 |
$1,614,286
$257,034 |
$2,598,830 |
| 16 |
$4,693,650 |
$1,696,981
$269,885 |
$2,726,784 |
| 17 |
$4,928,250 |
$1,783,783
$283,374 |
$2,861,093 |
| 18 |
$5,174,700 |
$1,874,969
$297,545 |
$3,002,186 |
| 19 |
$5,433,450 |
$1,970,707
$312,423 |
$3,150,320 |
| 20 |
$5,705,100 |
$2,071,217
$328,043 |
$3,305,840 |
| 21 |
$5,990,400 |
$2,176,778
$344,448 |
$3,469,174 |
| 22 |
$6,289,950 |
$2,287,612
$361,672 |
$3,640,666 |
| 23 |
$6,604,350 |
$2,403,940
$379,750 |
$3,820,660 |
| 24 |
$6,934,650 |
$2,526,151
$398,742 |
$4,009,757 |
| 25 |
$7,281,300 |
$2,654,411
$418,675 |
$4,208,214 |
| 26 |
$7,645,500 |
$2,789,165
$439,616 |
$4,416,719 |
| 27 |
$8,027,700 |
$2,930,579
$461,593 |
$4,635,528 |
| 28 |
$8,429,100 |
$3,079,097
$484,673 |
$4,865,330 |
| 29 |
$8,850,600 |
$3,235,052
$508,910 |
$5,106,638 |
| 30 |
$9,293,100 |
$3,398,777
$534,353 |
$5,359,970 |
|
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