Mega Millions Annuity Payment Schedule
Here's how the current Mega Millions jackpot will be paid if the annuity option is selected.
Current Mega Millions jackpot
Tuesday, Jan 20, 2026
$250,000,000
Federal tax
Select your filing status.
-$60,000,000State tax
Select your state.
-$12,000,000Net jackpot after tax
$178,000,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $3,762,859 | $180,617 | $903,086 | $2,679,155 |
| 2 | $3,951,002 | $189,648 | $948,240 | $2,813,113 |
| 3 | $4,148,552 | $199,130 | $995,652 | $2,953,769 |
| 4 | $4,355,979 | $209,087 | $1,045,435 | $3,101,457 |
| 5 | $4,573,778 | $219,541 | $1,097,707 | $3,256,530 |
| 6 | $4,802,467 | $230,518 | $1,152,592 | $3,419,357 |
| 7 | $5,042,591 | $242,044 | $1,210,222 | $3,590,325 |
| 8 | $5,294,720 | $254,147 | $1,270,733 | $3,769,841 |
| 9 | $5,559,456 | $266,854 | $1,334,269 | $3,958,333 |
| 10 | $5,837,429 | $280,197 | $1,400,983 | $4,156,249 |
| 11 | $6,129,300 | $294,206 | $1,471,032 | $4,364,062 |
| 12 | $6,435,765 | $308,917 | $1,544,584 | $4,582,265 |
| 13 | $6,757,554 | $324,363 | $1,621,813 | $4,811,378 |
| 14 | $7,095,431 | $340,581 | $1,702,904 | $5,051,947 |
| 15 | $7,450,203 | $357,610 | $1,788,049 | $5,304,545 |
| 16 | $7,822,713 | $375,490 | $1,877,451 | $5,569,772 |
| 17 | $8,213,849 | $394,265 | $1,971,324 | $5,848,260 |
| 18 | $8,624,541 | $413,978 | $2,069,890 | $6,140,673 |
| 19 | $9,055,768 | $434,677 | $2,173,384 | $6,447,707 |
| 20 | $9,508,557 | $456,411 | $2,282,054 | $6,770,092 |
| 21 | $9,983,985 | $479,231 | $2,396,156 | $7,108,597 |
| 22 | $10,483,184 | $503,193 | $2,515,964 | $7,464,027 |
| 23 | $11,007,343 | $528,352 | $2,641,762 | $7,837,228 |
| 24 | $11,557,710 | $554,770 | $2,773,850 | $8,229,090 |
| 25 | $12,135,596 | $582,509 | $2,912,543 | $8,640,544 |
| 26 | $12,742,375 | $611,634 | $3,058,170 | $9,072,571 |
| 27 | $13,379,494 | $642,216 | $3,211,079 | $9,526,200 |
| 28 | $14,048,469 | $674,327 | $3,371,633 | $10,002,510 |
| 29 | $14,750,892 | $708,043 | $3,540,214 | $10,502,635 |
| 30 | $15,488,437 | $743,445 | $3,717,225 | $11,027,767 |
| Total | $250,000,000 | $12,000,000 | $60,000,000 | $178,000,000 |
Notes
- Each annual annuity payment increases by 5% from the previous year.
- For clarity, we assumed that payments 1 and 2 are made in separate tax years.
- The lottery automatically withholds 24% of each payment for federal taxes. When you file your taxes, you will be responsible for the difference between that withholding and what you owe to the IRS.
- In some states, the lottery also withholds a portion of annual payments for state taxes.
- The highest federal tax bracket of 37% is assumed for these examples because all Mega Millions jackpot winners will fall into this category.
- Tax estimates are based on jackpot income only and do not include any other taxes you may owe.
- We assume single state residency only and do not consider non-state resident tax. In the situation when the winner resides in a different state than the one where the winnings were registered, additional state taxes may be added.
- This calculator is intended to provide an estimate of taxes, but should not be considered tax advice. We do not take responsibility for any inaccuracies or omissions.
- Consult with a professional tax advisor and accountant to avoid any surprise tax bills.
- Federal and/or state tax rates may change during the annuity schedule, which could affect how much you owe.
