The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia MEGA Millions Jackpot/Cash Option for Tue Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(5.75%) | $19,210,750 | | Net Lumpsum Payment | $191,311,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$617,919 |
$6,191,991 |
| 2 |
$11,284,056 |
$4,135,431
$648,833 |
$6,499,792 |
| 3 |
$11,848,116 |
$4,344,133
$681,267 |
$6,822,716 |
| 4 |
$12,440,736 |
$4,563,403
$715,342 |
$7,161,991 |
| 5 |
$13,062,630 |
$4,793,503
$751,101 |
$7,518,026 |
| 6 |
$13,715,940 |
$5,035,228
$788,667 |
$7,892,045 |
| 7 |
$14,401,380 |
$5,288,841
$828,079 |
$8,284,460 |
| 8 |
$15,121,806 |
$5,555,399
$869,504 |
$8,696,903 |
| 9 |
$15,877,932 |
$5,835,165
$912,981 |
$9,129,786 |
| 10 |
$16,671,900 |
$6,128,933
$958,634 |
$9,584,333 |
| 11 |
$17,505,138 |
$6,437,231
$1,006,545 |
$10,061,362 |
| 12 |
$18,380,502 |
$6,761,116
$1,056,879 |
$10,562,507 |
| 13 |
$19,299,420 |
$7,101,116
$1,109,717 |
$11,088,587 |
| 14 |
$20,264,748 |
$7,458,287
$1,165,223 |
$11,641,238 |
| 15 |
$21,277,914 |
$7,833,159
$1,223,480 |
$12,221,275 |
| 16 |
$22,341,774 |
$8,226,787
$1,284,652 |
$12,830,335 |
| 17 |
$23,458,470 |
$8,639,964
$1,348,862 |
$13,469,644 |
| 18 |
$24,631,572 |
$9,074,012
$1,416,315 |
$14,141,245 |
| 19 |
$25,863,222 |
$9,529,723
$1,487,135 |
$14,846,364 |
| 20 |
$27,156,276 |
$10,008,153
$1,561,486 |
$15,586,637 |
| 21 |
$28,514,304 |
$10,510,623
$1,639,572 |
$16,364,109 |
| 22 |
$29,940,162 |
$11,038,190
$1,721,559 |
$17,180,413 |
| 23 |
$31,436,706 |
$11,591,912
$1,807,611 |
$18,037,183 |
| 24 |
$33,008,934 |
$12,173,636
$1,898,014 |
$18,937,284 |
| 25 |
$34,658,988 |
$12,784,156
$1,992,892 |
$19,881,940 |
| 26 |
$36,392,580 |
$13,425,585
$2,092,573 |
$20,874,422 |
| 27 |
$38,211,852 |
$14,098,716
$2,197,181 |
$21,915,955 |
| 28 |
$40,122,516 |
$14,805,661
$2,307,045 |
$23,009,810 |
| 29 |
$42,128,856 |
$15,548,007
$2,422,409 |
$24,158,440 |
| 30 |
$44,235,156 |
$16,327,338
$2,543,521 |
$25,364,297 |
|
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