The jackpot for the MEGA Millions draw on Tue May 20, 2025, is projected to be $139 Million, with an option for a cash payout of $62.3 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 May 20, 2025 |
|---|
| Draw Date | Tue May 20, 2025 | | Projected Jackpot | $139,000,000 | | Cash Value | $62,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,300,000 | | Federal Tax(24%) | $14,952,000 | | Additional Federal Tax | $8,059,330 | | State Tax(10.75%) | $6,697,250 | | Net Lumpsum Payment | $32,591,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,092,089 |
$734,403
$224,900 |
$1,132,786 |
| 2 |
$2,196,756 |
$773,130
$236,151 |
$1,187,475 |
| 3 |
$2,306,566 |
$813,760
$247,956 |
$1,244,850 |
| 4 |
$2,421,936 |
$856,447
$260,358 |
$1,305,131 |
| 5 |
$2,543,005 |
$901,242
$273,373 |
$1,368,390 |
| 6 |
$2,670,190 |
$948,301
$287,045 |
$1,434,844 |
| 7 |
$2,803,630 |
$997,673
$301,390 |
$1,504,567 |
| 8 |
$2,943,881 |
$1,049,566
$316,467 |
$1,577,848 |
| 9 |
$3,091,082 |
$1,104,031
$332,291 |
$1,654,760 |
| 10 |
$3,245,650 |
$1,161,221
$348,907 |
$1,735,522 |
| 11 |
$3,407,863 |
$1,221,240
$366,345 |
$1,820,278 |
| 12 |
$3,578,277 |
$1,284,293
$384,665 |
$1,909,319 |
| 13 |
$3,757,170 |
$1,350,483
$403,896 |
$2,002,791 |
| 14 |
$3,945,098 |
$1,420,017
$424,098 |
$2,100,983 |
| 15 |
$4,142,339 |
$1,492,996
$445,301 |
$2,204,042 |
| 16 |
$4,349,449 |
$1,569,627
$467,566 |
$2,312,256 |
| 17 |
$4,566,845 |
$1,650,063
$490,936 |
$2,425,846 |
| 18 |
$4,795,222 |
$1,734,563
$515,486 |
$2,545,173 |
| 19 |
$5,034,997 |
$1,823,279
$541,262 |
$2,670,456 |
| 20 |
$5,286,726 |
$1,916,419
$568,323 |
$2,801,984 |
| 21 |
$5,551,104 |
$2,014,239
$596,744 |
$2,940,121 |
| 22 |
$5,828,687 |
$2,116,945
$626,584 |
$3,085,158 |
| 23 |
$6,120,031 |
$2,224,742
$657,903 |
$3,237,386 |
| 24 |
$6,426,109 |
$2,337,991
$690,807 |
$3,397,311 |
| 25 |
$6,747,338 |
$2,456,845
$725,339 |
$3,565,154 |
| 26 |
$7,084,830 |
$2,581,717
$761,619 |
$3,741,494 |
| 27 |
$7,439,002 |
$2,712,761
$799,693 |
$3,926,548 |
| 28 |
$7,810,966 |
$2,850,388
$839,679 |
$4,120,899 |
| 29 |
$8,201,556 |
$2,994,906
$881,667 |
$4,324,983 |
| 30 |
$8,611,606 |
$3,146,625
$925,748 |
$4,539,233 |
|
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