The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(10.75%) | $15,662,750 | | Net Lumpsum Payment | $76,167,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$527,462 |
$2,603,382 |
| 2 |
$5,152,104 |
$1,866,609
$553,851 |
$2,731,644 |
| 3 |
$5,409,644 |
$1,961,899
$581,537 |
$2,866,208 |
| 4 |
$5,680,224 |
$2,062,013
$610,624 |
$3,007,587 |
| 5 |
$5,964,170 |
$2,167,073
$641,148 |
$3,155,949 |
| 6 |
$6,262,460 |
$2,277,441
$673,214 |
$3,311,805 |
| 7 |
$6,575,420 |
$2,393,236
$706,858 |
$3,475,326 |
| 8 |
$6,904,354 |
$2,514,941
$742,218 |
$3,647,195 |
| 9 |
$7,249,588 |
$2,642,678
$779,331 |
$3,827,579 |
| 10 |
$7,612,100 |
$2,776,807
$818,301 |
$4,016,992 |
| 11 |
$7,992,542 |
$2,917,571
$859,198 |
$4,215,773 |
| 12 |
$8,392,218 |
$3,065,451
$902,163 |
$4,424,604 |
| 13 |
$8,811,780 |
$3,220,689
$947,266 |
$4,643,825 |
| 14 |
$9,252,532 |
$3,383,767
$994,647 |
$4,874,118 |
| 15 |
$9,715,126 |
$3,554,927
$1,044,376 |
$5,115,823 |
| 16 |
$10,200,866 |
$3,734,651
$1,096,593 |
$5,369,622 |
| 17 |
$10,710,730 |
$3,923,300
$1,151,403 |
$5,636,027 |
| 18 |
$11,246,348 |
$4,121,479
$1,208,982 |
$5,915,887 |
| 19 |
$11,808,698 |
$4,329,549
$1,269,435 |
$6,209,714 |
| 20 |
$12,399,084 |
$4,547,991
$1,332,902 |
$6,518,191 |
| 21 |
$13,019,136 |
$4,777,411
$1,399,557 |
$6,842,168 |
| 22 |
$13,670,158 |
$5,018,289
$1,469,542 |
$7,182,327 |
| 23 |
$14,353,454 |
$5,271,108
$1,542,996 |
$7,539,350 |
| 24 |
$15,071,306 |
$5,536,714
$1,620,165 |
$7,914,427 |
| 25 |
$15,824,692 |
$5,815,466
$1,701,154 |
$8,308,072 |
| 26 |
$16,616,220 |
$6,108,332
$1,786,244 |
$8,721,644 |
| 27 |
$17,446,868 |
$6,415,672
$1,875,538 |
$9,155,658 |
| 28 |
$18,319,244 |
$6,738,451
$1,969,319 |
$9,611,474 |
| 29 |
$19,235,304 |
$7,077,393
$2,067,795 |
$10,090,116 |
| 30 |
$20,197,004 |
$7,433,222
$2,171,178 |
$10,592,604 |
|
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