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 those living in Washington, the bright side is you won't have to pay any state taxes on your lottery prize.
| Washington 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(0%) | $0 | | Net Lumpsum Payment | $91,830,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$0 |
$3,130,844 |
| 2 |
$5,152,104 |
$1,866,609
$0 |
$3,285,495 |
| 3 |
$5,409,644 |
$1,961,899
$0 |
$3,447,745 |
| 4 |
$5,680,224 |
$2,062,013
$0 |
$3,618,211 |
| 5 |
$5,964,170 |
$2,167,073
$0 |
$3,797,097 |
| 6 |
$6,262,460 |
$2,277,441
$0 |
$3,985,019 |
| 7 |
$6,575,420 |
$2,393,236
$0 |
$4,182,184 |
| 8 |
$6,904,354 |
$2,514,941
$0 |
$4,389,413 |
| 9 |
$7,249,588 |
$2,642,678
$0 |
$4,606,910 |
| 10 |
$7,612,100 |
$2,776,807
$0 |
$4,835,293 |
| 11 |
$7,992,542 |
$2,917,571
$0 |
$5,074,971 |
| 12 |
$8,392,218 |
$3,065,451
$0 |
$5,326,767 |
| 13 |
$8,811,780 |
$3,220,689
$0 |
$5,591,091 |
| 14 |
$9,252,532 |
$3,383,767
$0 |
$5,868,765 |
| 15 |
$9,715,126 |
$3,554,927
$0 |
$6,160,199 |
| 16 |
$10,200,866 |
$3,734,651
$0 |
$6,466,215 |
| 17 |
$10,710,730 |
$3,923,300
$0 |
$6,787,430 |
| 18 |
$11,246,348 |
$4,121,479
$0 |
$7,124,869 |
| 19 |
$11,808,698 |
$4,329,549
$0 |
$7,479,149 |
| 20 |
$12,399,084 |
$4,547,991
$0 |
$7,851,093 |
| 21 |
$13,019,136 |
$4,777,411
$0 |
$8,241,725 |
| 22 |
$13,670,158 |
$5,018,289
$0 |
$8,651,869 |
| 23 |
$14,353,454 |
$5,271,108
$0 |
$9,082,346 |
| 24 |
$15,071,306 |
$5,536,714
$0 |
$9,534,592 |
| 25 |
$15,824,692 |
$5,815,466
$0 |
$10,009,226 |
| 26 |
$16,616,220 |
$6,108,332
$0 |
$10,507,888 |
| 27 |
$17,446,868 |
$6,415,672
$0 |
$11,031,196 |
| 28 |
$18,319,244 |
$6,738,451
$0 |
$11,580,793 |
| 29 |
$19,235,304 |
$7,077,393
$0 |
$12,157,911 |
| 30 |
$20,197,004 |
$7,433,222
$0 |
$12,763,782 |
|
|
