The jackpot for the MEGA Millions draw on Tue Mar 18, 2025, is projected to be $301 Million, with an option for a cash payout of $139.5 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Tue Mar 18, 2025 |
|---|
| Draw Date | Tue Mar 18, 2025 | | Projected Jackpot | $301,000,000 | | Cash Value | $139,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $139,500,000 | | Federal Tax(24%) | $33,480,000 | | Additional Federal Tax | $18,095,330 | | State Tax(5%) | $6,975,000 | | Net Lumpsum Payment | $80,949,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,530,351 |
$1,636,560
$226,518 |
$2,667,273 |
| 2 |
$4,757,004 |
$1,720,422
$237,850 |
$2,798,732 |
| 3 |
$4,994,794 |
$1,808,404
$249,740 |
$2,936,650 |
| 4 |
$5,244,624 |
$1,900,841
$262,231 |
$3,081,552 |
| 5 |
$5,506,795 |
$1,997,845
$275,340 |
$3,233,610 |
| 6 |
$5,782,210 |
$2,099,748
$289,111 |
$3,393,351 |
| 7 |
$6,071,170 |
$2,206,663
$303,559 |
$3,560,948 |
| 8 |
$6,374,879 |
$2,319,036
$318,744 |
$3,737,099 |
| 9 |
$6,693,638 |
$2,436,976
$334,682 |
$3,921,980 |
| 10 |
$7,028,350 |
$2,560,820
$351,418 |
$4,116,112 |
| 11 |
$7,379,617 |
$2,690,789
$368,981 |
$4,319,847 |
| 12 |
$7,748,643 |
$2,827,328
$387,432 |
$4,533,883 |
| 13 |
$8,136,030 |
$2,970,661
$406,802 |
$4,758,567 |
| 14 |
$8,542,982 |
$3,121,234
$427,149 |
$4,994,599 |
| 15 |
$8,970,101 |
$3,279,268
$448,505 |
$5,242,328 |
| 16 |
$9,418,591 |
$3,445,209
$470,930 |
$5,502,452 |
| 17 |
$9,889,355 |
$3,619,392
$494,468 |
$5,775,495 |
| 18 |
$10,383,898 |
$3,802,373
$519,195 |
$6,062,330 |
| 19 |
$10,903,123 |
$3,994,486
$545,156 |
$6,363,481 |
| 20 |
$11,448,234 |
$4,196,177
$572,412 |
$6,679,645 |
| 21 |
$12,020,736 |
$4,408,003
$601,037 |
$7,011,696 |
| 22 |
$12,621,833 |
$4,630,409
$631,092 |
$7,360,332 |
| 23 |
$13,252,729 |
$4,863,840
$662,636 |
$7,726,253 |
| 24 |
$13,915,531 |
$5,109,077
$695,777 |
$8,110,677 |
| 25 |
$14,611,142 |
$5,366,453
$730,557 |
$8,514,132 |
| 26 |
$15,341,970 |
$5,636,859
$767,099 |
$8,938,012 |
| 27 |
$16,108,918 |
$5,920,630
$805,446 |
$9,382,842 |
| 28 |
$16,914,394 |
$6,218,656
$845,720 |
$9,850,018 |
| 29 |
$17,760,204 |
$6,531,606
$888,010 |
$10,340,588 |
| 30 |
$18,648,154 |
$6,860,147
$932,408 |
$10,855,599 |
|
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