The jackpot for the MEGA Millions draw on Tue May 20, 2025, is projected to be $139 Million, with an option for a cash payout of $62.3 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 May 20, 2025 |
|---|
| Draw Date | Tue May 20, 2025 | | Projected Jackpot | $139,000,000 | | Cash Value | $62,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,300,000 | | Federal Tax(24%) | $14,952,000 | | Additional Federal Tax | $8,059,330 | | State Tax(5.75%) | $3,582,250 | | Net Lumpsum Payment | $35,706,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,092,089 |
$734,403
$120,295 |
$1,237,391 |
| 2 |
$2,196,756 |
$773,130
$126,313 |
$1,297,313 |
| 3 |
$2,306,566 |
$813,760
$132,628 |
$1,360,178 |
| 4 |
$2,421,936 |
$856,447
$139,261 |
$1,426,228 |
| 5 |
$2,543,005 |
$901,242
$146,223 |
$1,495,540 |
| 6 |
$2,670,190 |
$948,301
$153,536 |
$1,568,353 |
| 7 |
$2,803,630 |
$997,673
$161,209 |
$1,644,748 |
| 8 |
$2,943,881 |
$1,049,566
$169,273 |
$1,725,042 |
| 9 |
$3,091,082 |
$1,104,031
$177,737 |
$1,809,314 |
| 10 |
$3,245,650 |
$1,161,221
$186,625 |
$1,897,804 |
| 11 |
$3,407,863 |
$1,221,240
$195,952 |
$1,990,671 |
| 12 |
$3,578,277 |
$1,284,293
$205,751 |
$2,088,233 |
| 13 |
$3,757,170 |
$1,350,483
$216,037 |
$2,190,650 |
| 14 |
$3,945,098 |
$1,420,017
$226,843 |
$2,298,238 |
| 15 |
$4,142,339 |
$1,492,996
$238,184 |
$2,411,159 |
| 16 |
$4,349,449 |
$1,569,627
$250,093 |
$2,529,729 |
| 17 |
$4,566,845 |
$1,650,063
$262,594 |
$2,654,188 |
| 18 |
$4,795,222 |
$1,734,563
$275,725 |
$2,784,934 |
| 19 |
$5,034,997 |
$1,823,279
$289,512 |
$2,922,206 |
| 20 |
$5,286,726 |
$1,916,419
$303,987 |
$3,066,320 |
| 21 |
$5,551,104 |
$2,014,239
$319,188 |
$3,217,677 |
| 22 |
$5,828,687 |
$2,116,945
$335,150 |
$3,376,592 |
| 23 |
$6,120,031 |
$2,224,742
$351,902 |
$3,543,387 |
| 24 |
$6,426,109 |
$2,337,991
$369,501 |
$3,718,617 |
| 25 |
$6,747,338 |
$2,456,845
$387,972 |
$3,902,521 |
| 26 |
$7,084,830 |
$2,581,717
$407,378 |
$4,095,735 |
| 27 |
$7,439,002 |
$2,712,761
$427,743 |
$4,298,498 |
| 28 |
$7,810,966 |
$2,850,388
$449,131 |
$4,511,447 |
| 29 |
$8,201,556 |
$2,994,906
$471,589 |
$4,735,061 |
| 30 |
$8,611,606 |
$3,146,625
$495,167 |
$4,969,814 |
|
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