The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Fri Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(10.75%) | $34,206,500 | | Net Lumpsum Payment | $166,299,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$1,100,228 |
$5,387,290 |
| 2 |
$10,746,720 |
$3,936,617
$1,155,272 |
$5,654,831 |
| 3 |
$11,283,920 |
$4,135,381
$1,213,021 |
$5,935,518 |
| 4 |
$11,848,320 |
$4,344,209
$1,273,694 |
$6,230,417 |
| 5 |
$12,440,600 |
$4,563,352
$1,337,365 |
$6,539,883 |
| 6 |
$13,062,800 |
$4,793,566
$1,404,251 |
$6,864,983 |
| 7 |
$13,715,600 |
$5,035,102
$1,474,427 |
$7,206,071 |
| 8 |
$14,401,720 |
$5,288,967
$1,548,185 |
$7,564,568 |
| 9 |
$15,121,840 |
$5,555,411
$1,625,598 |
$7,940,831 |
| 10 |
$15,878,000 |
$5,835,190
$1,706,885 |
$8,335,925 |
| 11 |
$16,671,560 |
$6,128,808
$1,792,193 |
$8,750,559 |
| 12 |
$17,505,240 |
$6,437,269
$1,881,813 |
$9,186,158 |
| 13 |
$18,380,400 |
$6,761,078
$1,975,893 |
$9,643,429 |
| 14 |
$19,299,760 |
$7,101,242
$2,074,724 |
$10,123,794 |
| 15 |
$20,264,680 |
$7,458,262
$2,178,453 |
$10,627,965 |
| 16 |
$21,277,880 |
$7,833,146
$2,287,372 |
$11,157,362 |
| 17 |
$22,341,400 |
$8,226,648
$2,401,701 |
$11,713,051 |
| 18 |
$23,458,640 |
$8,640,027
$2,521,804 |
$12,296,809 |
| 19 |
$24,631,640 |
$9,074,037
$2,647,901 |
$12,909,702 |
| 20 |
$25,863,120 |
$9,529,685
$2,780,285 |
$13,553,150 |
| 21 |
$27,156,480 |
$10,008,228
$2,919,322 |
$14,228,930 |
| 22 |
$28,514,440 |
$10,510,673
$3,065,302 |
$14,938,465 |
| 23 |
$29,939,720 |
$11,038,027
$3,218,520 |
$15,683,173 |
| 24 |
$31,437,080 |
$11,592,050
$3,379,486 |
$16,465,544 |
| 25 |
$33,008,560 |
$12,173,498
$3,548,420 |
$17,286,642 |
| 26 |
$34,659,600 |
$12,784,382
$3,725,907 |
$18,149,311 |
| 27 |
$36,392,240 |
$13,425,459
$3,912,166 |
$19,054,615 |
| 28 |
$38,211,920 |
$14,098,741
$4,107,781 |
$20,005,398 |
| 29 |
$40,122,720 |
$14,805,737
$4,313,192 |
$21,003,791 |
| 30 |
$42,128,720 |
$15,547,957
$4,528,837 |
$22,051,926 |
|
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