The jackpot for the MEGA Millions draw on Fri Aug 15, 2025, is projected to be $198 Million, with an option for a cash payout of $89.3 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Fri Aug 15, 2025 |
|---|
| Draw Date | Fri Aug 15, 2025 | | Projected Jackpot | $198,000,000 | | Cash Value | $89,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $89,300,000 | | Federal Tax(24%) | $21,432,000 | | Additional Federal Tax | $11,569,330 | | State Tax(5%) | $4,465,000 | | Net Lumpsum Payment | $51,833,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,980,098 |
$1,062,967
$149,005 |
$1,768,126 |
| 2 |
$3,129,192 |
$1,118,131
$156,460 |
$1,854,601 |
| 3 |
$3,285,612 |
$1,176,007
$164,281 |
$1,945,324 |
| 4 |
$3,449,952 |
$1,236,813
$172,498 |
$2,040,641 |
| 5 |
$3,622,410 |
$1,300,622
$181,121 |
$2,140,667 |
| 6 |
$3,803,580 |
$1,367,655
$190,179 |
$2,245,746 |
| 7 |
$3,993,660 |
$1,437,985
$199,683 |
$2,355,992 |
| 8 |
$4,193,442 |
$1,511,904
$209,672 |
$2,471,866 |
| 9 |
$4,403,124 |
$1,589,486
$220,156 |
$2,593,482 |
| 10 |
$4,623,300 |
$1,670,951
$231,165 |
$2,721,184 |
| 11 |
$4,854,366 |
$1,756,446
$242,718 |
$2,855,202 |
| 12 |
$5,097,114 |
$1,846,263
$254,856 |
$2,995,995 |
| 13 |
$5,351,940 |
$1,940,548
$267,597 |
$3,143,795 |
| 14 |
$5,619,636 |
$2,039,596
$280,982 |
$3,299,058 |
| 15 |
$5,900,598 |
$2,143,552
$295,030 |
$3,462,016 |
| 16 |
$6,195,618 |
$2,252,709
$309,781 |
$3,633,128 |
| 17 |
$6,505,290 |
$2,367,288
$325,265 |
$3,812,737 |
| 18 |
$6,830,604 |
$2,487,654
$341,530 |
$4,001,420 |
| 19 |
$7,172,154 |
$2,614,027
$358,608 |
$4,199,519 |
| 20 |
$7,530,732 |
$2,746,701
$376,537 |
$4,407,494 |
| 21 |
$7,907,328 |
$2,886,042
$395,366 |
$4,625,920 |
| 22 |
$8,302,734 |
$3,032,342
$415,137 |
$4,855,255 |
| 23 |
$8,717,742 |
$3,185,895
$435,887 |
$5,095,960 |
| 24 |
$9,153,738 |
$3,347,213
$457,687 |
$5,348,838 |
| 25 |
$9,611,316 |
$3,516,517
$480,566 |
$5,614,233 |
| 26 |
$10,092,060 |
$3,694,393
$504,603 |
$5,893,064 |
| 27 |
$10,596,564 |
$3,881,059
$529,828 |
$6,185,677 |
| 28 |
$11,126,412 |
$4,077,103
$556,321 |
$6,492,988 |
| 29 |
$11,682,792 |
$4,282,963
$584,140 |
$6,815,689 |
| 30 |
$12,266,892 |
$4,499,080
$613,345 |
$7,154,467 |
|
|
