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, Jul 21, 2026
$707,000,000
Federal tax
Select your filing status.
-$169,680,000State tax
Select your state.
-$33,936,000Net jackpot after tax
$503,384,001
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $10,641,365 | $510,786 | $2,553,928 | $7,576,652 |
| 2 | $11,173,433 | $536,325 | $2,681,624 | $7,955,484 |
| 3 | $11,732,104 | $563,141 | $2,815,705 | $8,353,258 |
| 4 | $12,318,710 | $591,298 | $2,956,490 | $8,770,921 |
| 5 | $12,934,645 | $620,863 | $3,104,315 | $9,209,467 |
| 6 | $13,581,377 | $651,906 | $3,259,531 | $9,669,941 |
| 7 | $14,260,446 | $684,501 | $3,422,507 | $10,153,438 |
| 8 | $14,973,469 | $718,726 | $3,593,632 | $10,661,110 |
| 9 | $15,722,142 | $754,663 | $3,773,314 | $11,194,165 |
| 10 | $16,508,249 | $792,396 | $3,961,980 | $11,753,873 |
| 11 | $17,333,662 | $832,016 | $4,160,079 | $12,341,567 |
| 12 | $18,200,345 | $873,617 | $4,368,083 | $12,958,645 |
| 13 | $19,110,362 | $917,297 | $4,586,487 | $13,606,578 |
| 14 | $20,065,880 | $963,162 | $4,815,811 | $14,286,907 |
| 15 | $21,069,174 | $1,011,320 | $5,056,602 | $15,001,252 |
| 16 | $22,122,633 | $1,061,886 | $5,309,432 | $15,751,315 |
| 17 | $23,228,764 | $1,114,981 | $5,574,903 | $16,538,880 |
| 18 | $24,390,203 | $1,170,730 | $5,853,649 | $17,365,824 |
| 19 | $25,609,713 | $1,229,266 | $6,146,331 | $18,234,115 |
| 20 | $26,890,198 | $1,290,730 | $6,453,648 | $19,145,821 |
| 21 | $28,234,708 | $1,355,266 | $6,776,330 | $20,103,112 |
| 22 | $29,646,444 | $1,423,029 | $7,115,146 | $21,108,268 |
| 23 | $31,128,766 | $1,494,181 | $7,470,904 | $22,163,681 |
| 24 | $32,685,204 | $1,568,890 | $7,844,449 | $23,271,865 |
| 25 | $34,319,464 | $1,647,334 | $8,236,671 | $24,435,459 |
| 26 | $36,035,438 | $1,729,701 | $8,648,505 | $25,657,232 |
| 27 | $37,837,210 | $1,816,186 | $9,080,930 | $26,940,093 |
| 28 | $39,729,070 | $1,906,995 | $9,534,977 | $28,287,098 |
| 29 | $41,715,524 | $2,002,345 | $10,011,726 | $29,701,453 |
| 30 | $43,801,300 | $2,102,462 | $10,512,312 | $31,186,525 |
| Total | $707,000,000 | $33,936,000 | $169,680,000 | $503,384,001 |
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.
