Jackpot Analysis Massachusetts Mega Millions

Jackpot Analysis for Massachusetts Mega Millions
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 DateTue 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