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, Jun 17, 2025
$280,000,000
Federal tax
Select your filing status.
-$67,200,000State tax
Select your state.
-$13,440,000Net jackpot after tax
$199,360,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $4,214,402 | $202,291 | $1,011,456 | $3,000,654 |
| 2 | $4,425,122 | $212,406 | $1,062,029 | $3,150,687 |
| 3 | $4,646,378 | $223,026 | $1,115,131 | $3,308,221 |
| 4 | $4,878,697 | $234,177 | $1,170,887 | $3,473,632 |
| 5 | $5,122,632 | $245,886 | $1,229,432 | $3,647,314 |
| 6 | $5,378,763 | $258,181 | $1,290,903 | $3,829,680 |
| 7 | $5,647,702 | $271,090 | $1,355,448 | $4,021,163 |
| 8 | $5,930,087 | $284,644 | $1,423,221 | $4,222,222 |
| 9 | $6,226,591 | $298,876 | $1,494,382 | $4,433,333 |
| 10 | $6,537,920 | $313,820 | $1,569,101 | $4,654,999 |
| 11 | $6,864,816 | $329,511 | $1,647,556 | $4,887,749 |
| 12 | $7,208,057 | $345,987 | $1,729,934 | $5,132,137 |
| 13 | $7,568,460 | $363,286 | $1,816,430 | $5,388,744 |
| 14 | $7,946,883 | $381,450 | $1,907,252 | $5,658,181 |
| 15 | $8,344,227 | $400,523 | $2,002,615 | $5,941,090 |
| 16 | $8,761,439 | $420,549 | $2,102,745 | $6,238,144 |
| 17 | $9,199,511 | $441,577 | $2,207,883 | $6,550,052 |
| 18 | $9,659,486 | $463,655 | $2,318,277 | $6,877,554 |
| 19 | $10,142,460 | $486,838 | $2,434,191 | $7,221,432 |
| 20 | $10,649,584 | $511,180 | $2,555,900 | $7,582,503 |
| 21 | $11,182,063 | $536,739 | $2,683,695 | $7,961,629 |
| 22 | $11,741,166 | $563,576 | $2,817,880 | $8,359,710 |
| 23 | $12,328,224 | $591,755 | $2,958,774 | $8,777,696 |
| 24 | $12,944,635 | $621,342 | $3,106,712 | $9,216,580 |
| 25 | $13,591,867 | $652,410 | $3,262,048 | $9,677,409 |
| 26 | $14,271,460 | $685,030 | $3,425,151 | $10,161,280 |
| 27 | $14,985,033 | $719,282 | $3,596,408 | $10,669,344 |
| 28 | $15,734,285 | $755,246 | $3,776,228 | $11,202,811 |
| 29 | $16,520,999 | $793,008 | $3,965,040 | $11,762,952 |
| 30 | $17,347,049 | $832,658 | $4,163,292 | $12,351,099 |
| Total | $280,000,000 | $13,440,000 | $67,200,000 | $199,360,000 |
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.
