The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
---|
Draw Date | Tue Sep 16, 2025 | Projected Jackpot | $400,000,000 | Cash Value | $185,800,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $185,800,000 | Federal Tax(24%) | $44,592,000 | Additional Federal Tax | $24,114,330 | State Tax(10.75%) | $19,973,500 | Net Lumpsum Payment | $97,120,170 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,020,400 |
$2,187,878 $647,193 |
$3,185,329 |
2 |
$6,321,600 |
$2,299,322 $679,572 |
$3,342,706 |
3 |
$6,637,600 |
$2,416,242 $713,542 |
$3,507,816 |
4 |
$6,969,600 |
$2,539,082 $749,232 |
$3,681,286 |
5 |
$7,318,000 |
$2,667,990 $786,685 |
$3,863,325 |
6 |
$7,684,000 |
$2,803,410 $826,030 |
$4,054,560 |
7 |
$8,068,000 |
$2,945,490 $867,310 |
$4,255,200 |
8 |
$8,471,600 |
$3,094,822 $910,697 |
$4,466,081 |
9 |
$8,895,200 |
$3,251,554 $956,234 |
$4,687,412 |
10 |
$9,340,000 |
$3,416,130 $1,004,050 |
$4,919,820 |
11 |
$9,806,800 |
$3,588,846 $1,054,231 |
$5,163,723 |
12 |
$10,297,200 |
$3,770,294 $1,106,949 |
$5,419,957 |
13 |
$10,812,000 |
$3,960,770 $1,162,290 |
$5,688,940 |
14 |
$11,352,800 |
$4,160,866 $1,220,426 |
$5,971,508 |
15 |
$11,920,400 |
$4,370,878 $1,281,443 |
$6,268,079 |
16 |
$12,516,400 |
$4,591,398 $1,345,513 |
$6,579,489 |
17 |
$13,142,000 |
$4,822,870 $1,412,765 |
$6,906,365 |
18 |
$13,799,200 |
$5,066,034 $1,483,414 |
$7,249,752 |
19 |
$14,489,200 |
$5,321,334 $1,557,589 |
$7,610,277 |
20 |
$15,213,600 |
$5,589,362 $1,635,462 |
$7,988,776 |
21 |
$15,974,400 |
$5,870,858 $1,717,248 |
$8,386,294 |
22 |
$16,773,200 |
$6,166,414 $1,803,119 |
$8,803,667 |
23 |
$17,611,600 |
$6,476,622 $1,893,247 |
$9,241,731 |
24 |
$18,492,400 |
$6,802,518 $1,987,933 |
$9,701,949 |
25 |
$19,416,800 |
$7,144,546 $2,087,306 |
$10,184,948 |
26 |
$20,388,000 |
$7,503,890 $2,191,710 |
$10,692,400 |
27 |
$21,407,200 |
$7,880,994 $2,301,274 |
$11,224,932 |
28 |
$22,477,600 |
$8,277,042 $2,416,342 |
$11,784,216 |
29 |
$23,601,600 |
$8,692,922 $2,537,172 |
$12,371,506 |
30 |
$24,781,600 |
$9,129,522 $2,664,022 |
$12,988,056 |
|
|