The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 May 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(10.75%) |
$7,417,500 |
| Net Lumpsum Payment |
$36,092,170 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$249,169 |
$1,250,749 |
| 2 |
$2,433,816 |
$860,842
$261,635 |
$1,311,339 |
| 3 |
$2,555,476 |
$905,857
$274,714 |
$1,374,905 |
| 4 |
$2,683,296 |
$953,150
$288,454 |
$1,441,692 |
| 5 |
$2,817,430 |
$1,002,779
$302,874 |
$1,511,777 |
| 6 |
$2,958,340 |
$1,054,916
$318,022 |
$1,585,402 |
| 7 |
$3,106,180 |
$1,109,617
$333,914 |
$1,662,649 |
| 8 |
$3,261,566 |
$1,167,110
$350,618 |
$1,743,838 |
| 9 |
$3,424,652 |
$1,227,452
$368,150 |
$1,829,050 |
| 10 |
$3,595,900 |
$1,290,813
$386,559 |
$1,918,528 |
| 11 |
$3,775,618 |
$1,357,309
$405,879 |
$2,012,430 |
| 12 |
$3,964,422 |
$1,427,167
$426,175 |
$2,111,080 |
| 13 |
$4,162,620 |
$1,500,500
$447,482 |
$2,214,638 |
| 14 |
$4,370,828 |
$1,577,537
$469,864 |
$2,323,427 |
| 15 |
$4,589,354 |
$1,658,391
$493,356 |
$2,437,607 |
| 16 |
$4,818,814 |
$1,743,292
$518,023 |
$2,557,499 |
| 17 |
$5,059,670 |
$1,832,408
$543,915 |
$2,683,347 |
| 18 |
$5,312,692 |
$1,926,026
$571,114 |
$2,815,552 |
| 19 |
$5,578,342 |
$2,024,317
$599,672 |
$2,954,353 |
| 20 |
$5,857,236 |
$2,127,508
$629,653 |
$3,100,075 |
| 21 |
$6,150,144 |
$2,235,884
$661,140 |
$3,253,120 |
| 22 |
$6,457,682 |
$2,349,673
$694,201 |
$3,413,808 |
| 23 |
$6,780,466 |
$2,469,103
$728,900 |
$3,582,463 |
| 24 |
$7,119,574 |
$2,594,573
$765,354 |
$3,759,647 |
| 25 |
$7,475,468 |
$2,726,254
$803,613 |
$3,945,601 |
| 26 |
$7,849,380 |
$2,864,601
$843,808 |
$4,140,971 |
| 27 |
$8,241,772 |
$3,009,786
$885,990 |
$4,345,996 |
| 28 |
$8,653,876 |
$3,162,265
$930,292 |
$4,561,319 |
| 29 |
$9,086,616 |
$3,322,378
$976,811 |
$4,787,427 |
| 30 |
$9,540,916 |
$3,490,469
$1,025,648 |
$5,024,799 |
|
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