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 |
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Draw Date | Tue May 20, 2025 | Projected Jackpot | $139,000,000 | Cash Value | $62,300,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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