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
Friday, Aug 14, 2026
$90,000,000
Federal tax
Select your filing status.
-$21,600,000State tax
Select your state.
-$4,320,000Net jackpot after tax
$64,080,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $1,354,629 | $65,022 | $325,111 | $964,496 |
| 2 | $1,422,361 | $68,273 | $341,367 | $1,012,721 |
| 3 | $1,493,479 | $71,687 | $358,435 | $1,063,357 |
| 4 | $1,568,153 | $75,271 | $376,357 | $1,116,525 |
| 5 | $1,646,560 | $79,035 | $395,174 | $1,172,351 |
| 6 | $1,728,888 | $82,987 | $414,933 | $1,230,968 |
| 7 | $1,815,333 | $87,136 | $435,680 | $1,292,517 |
| 8 | $1,906,099 | $91,493 | $457,464 | $1,357,143 |
| 9 | $2,001,404 | $96,067 | $480,337 | $1,425,000 |
| 10 | $2,101,474 | $100,871 | $504,354 | $1,496,250 |
| 11 | $2,206,548 | $105,914 | $529,572 | $1,571,062 |
| 12 | $2,316,876 | $111,210 | $556,050 | $1,649,615 |
| 13 | $2,432,719 | $116,771 | $583,853 | $1,732,096 |
| 14 | $2,554,355 | $122,609 | $613,045 | $1,818,701 |
| 15 | $2,682,073 | $128,740 | $643,698 | $1,909,636 |
| 16 | $2,816,177 | $135,176 | $675,882 | $2,005,118 |
| 17 | $2,956,986 | $141,935 | $709,677 | $2,105,374 |
| 18 | $3,104,835 | $149,032 | $745,160 | $2,210,642 |
| 19 | $3,260,077 | $156,484 | $782,418 | $2,321,175 |
| 20 | $3,423,080 | $164,308 | $821,539 | $2,437,233 |
| 21 | $3,594,234 | $172,523 | $862,616 | $2,559,095 |
| 22 | $3,773,946 | $181,149 | $905,747 | $2,687,050 |
| 23 | $3,962,643 | $190,207 | $951,034 | $2,821,402 |
| 24 | $4,160,776 | $199,717 | $998,586 | $2,962,472 |
| 25 | $4,368,814 | $209,703 | $1,048,515 | $3,110,596 |
| 26 | $4,587,255 | $220,188 | $1,100,941 | $3,266,126 |
| 27 | $4,816,618 | $231,198 | $1,155,988 | $3,429,432 |
| 28 | $5,057,449 | $242,758 | $1,213,788 | $3,600,904 |
| 29 | $5,310,321 | $254,895 | $1,274,477 | $3,780,949 |
| 30 | $5,575,837 | $267,640 | $1,338,201 | $3,969,996 |
| Total | $90,000,000 | $4,320,000 | $21,600,000 | $64,080,000 |
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.
