The jackpot for the MEGA Millions draw on Tue Aug 12, 2025, is projected to be $182 Million, with an option for a cash payout of $82.1 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 those living in Texas, the bright side is you won't have to pay any state taxes on your lottery prize.
| Texas MEGA Millions Jackpot/Cash Option for Tue Aug 12, 2025 |
|---|
| Draw Date | Tue Aug 12, 2025 | | Projected Jackpot | $182,000,000 | | Cash Value | $82,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,100,000 | | Federal Tax(24%) | $19,704,000 | | Additional Federal Tax | $10,633,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $51,762,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,739,282 |
$973,865
$0 |
$1,765,417 |
| 2 |
$2,876,328 |
$1,024,572
$0 |
$1,851,756 |
| 3 |
$3,020,108 |
$1,077,770
$0 |
$1,942,338 |
| 4 |
$3,171,168 |
$1,133,663
$0 |
$2,037,505 |
| 5 |
$3,329,690 |
$1,192,316
$0 |
$2,137,374 |
| 6 |
$3,496,220 |
$1,253,932
$0 |
$2,242,288 |
| 7 |
$3,670,940 |
$1,318,578
$0 |
$2,352,362 |
| 8 |
$3,854,578 |
$1,386,524
$0 |
$2,468,054 |
| 9 |
$4,047,316 |
$1,457,837
$0 |
$2,589,479 |
| 10 |
$4,249,700 |
$1,532,719
$0 |
$2,716,981 |
| 11 |
$4,462,094 |
$1,611,305
$0 |
$2,850,789 |
| 12 |
$4,685,226 |
$1,693,864
$0 |
$2,991,362 |
| 13 |
$4,919,460 |
$1,780,531
$0 |
$3,138,929 |
| 14 |
$5,165,524 |
$1,871,574
$0 |
$3,293,950 |
| 15 |
$5,423,782 |
$1,967,130
$0 |
$3,456,652 |
| 16 |
$5,694,962 |
$2,067,466
$0 |
$3,627,496 |
| 17 |
$5,979,610 |
$2,172,786
$0 |
$3,806,824 |
| 18 |
$6,278,636 |
$2,283,426
$0 |
$3,995,210 |
| 19 |
$6,592,586 |
$2,399,587
$0 |
$4,192,999 |
| 20 |
$6,922,188 |
$2,521,540
$0 |
$4,400,648 |
| 21 |
$7,268,352 |
$2,649,621
$0 |
$4,618,731 |
| 22 |
$7,631,806 |
$2,784,099
$0 |
$4,847,707 |
| 23 |
$8,013,278 |
$2,925,243
$0 |
$5,088,035 |
| 24 |
$8,414,042 |
$3,073,526
$0 |
$5,340,516 |
| 25 |
$8,834,644 |
$3,229,149
$0 |
$5,605,495 |
| 26 |
$9,276,540 |
$3,392,650
$0 |
$5,883,890 |
| 27 |
$9,740,276 |
$3,564,233
$0 |
$6,176,043 |
| 28 |
$10,227,308 |
$3,744,434
$0 |
$6,482,874 |
| 29 |
$10,738,728 |
$3,933,660
$0 |
$6,805,068 |
| 30 |
$11,275,628 |
$4,132,313
$0 |
$7,143,315 |
|
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