The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025 |
Draw Date |
Tue Jun 10, 2025 |
Projected Jackpot |
$243,000,000 |
Cash Value |
$108,000,000 |
Lumpsum Option Taxes and Payment |
Cash Gross Payment |
$108,000,000 |
Federal Tax(24%) |
$25,920,000 |
Additional Federal Tax |
$14,000,330 |
State Tax(5.75%) |
$6,210,000 |
Net Lumpsum Payment |
$61,869,670 |
Annuity Payment in 30 Installations |
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,657,393 |
$1,313,566
$210,300 |
$2,133,527 |
2 |
$3,840,372 |
$1,381,268
$220,821 |
$2,238,283 |
3 |
$4,032,342 |
$1,452,297
$231,860 |
$2,348,185 |
4 |
$4,234,032 |
$1,526,922
$243,457 |
$2,463,653 |
5 |
$4,445,685 |
$1,605,234
$255,627 |
$2,584,824 |
6 |
$4,668,030 |
$1,687,501
$268,412 |
$2,712,117 |
7 |
$4,901,310 |
$1,773,815
$281,825 |
$2,845,670 |
8 |
$5,146,497 |
$1,864,534
$295,924 |
$2,986,039 |
9 |
$5,403,834 |
$1,959,749
$310,720 |
$3,133,365 |
10 |
$5,674,050 |
$2,059,729
$326,258 |
$3,288,063 |
11 |
$5,957,631 |
$2,164,654
$342,564 |
$3,450,413 |
12 |
$6,255,549 |
$2,274,884
$359,694 |
$3,620,971 |
13 |
$6,568,290 |
$2,390,598
$377,677 |
$3,800,015 |
14 |
$6,896,826 |
$2,512,156
$396,567 |
$3,988,103 |
15 |
$7,241,643 |
$2,639,738
$416,394 |
$4,185,511 |
16 |
$7,603,713 |
$2,773,704
$437,213 |
$4,392,796 |
17 |
$7,983,765 |
$2,914,323
$459,066 |
$4,610,376 |
18 |
$8,383,014 |
$3,062,046
$482,023 |
$4,838,945 |
19 |
$8,802,189 |
$3,217,140
$506,126 |
$5,078,923 |
20 |
$9,242,262 |
$3,379,967
$531,430 |
$5,330,865 |
21 |
$9,704,448 |
$3,550,976
$558,006 |
$5,595,466 |
22 |
$10,189,719 |
$3,730,526
$585,909 |
$5,873,284 |
23 |
$10,699,047 |
$3,918,978
$615,195 |
$6,164,874 |
24 |
$11,234,133 |
$4,116,960
$645,963 |
$6,471,210 |
25 |
$11,795,706 |
$4,324,742
$678,253 |
$6,792,711 |
26 |
$12,385,710 |
$4,543,043
$712,178 |
$7,130,489 |
27 |
$13,004,874 |
$4,772,134
$747,780 |
$7,484,960 |
28 |
$13,655,142 |
$5,012,733
$785,171 |
$7,857,238 |
29 |
$14,337,972 |
$5,265,380
$824,433 |
$8,248,159 |
30 |
$15,054,822 |
$5,530,615
$865,652 |
$8,658,555 |
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