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, May 20, 2025

$139,000,000

Federal tax

Select your filing status.

-$33,360,000

State tax

Select your state.

-$6,672,000

Net jackpot after tax

$98,968,000

Payment Number

Gross Payment

State Tax for AZ

Federal Tax

Net Payment

1 $2,092,149 $100,423 $502,116 $1,489,610
2 $2,196,757 $105,444 $527,222 $1,564,091
3 $2,306,595 $110,717 $553,583 $1,642,295
4 $2,421,925 $116,252 $581,262 $1,724,410
5 $2,543,021 $122,065 $610,325 $1,810,631
6 $2,670,172 $128,168 $640,841 $1,901,162
7 $2,803,680 $134,577 $672,883 $1,996,220
8 $2,943,864 $141,305 $706,527 $2,096,031
9 $3,091,058 $148,371 $741,854 $2,200,833
10 $3,245,611 $155,789 $778,947 $2,310,875
11 $3,407,891 $163,579 $817,894 $2,426,418
12 $3,578,286 $171,758 $858,789 $2,547,739
13 $3,757,200 $180,346 $901,728 $2,675,126
14 $3,945,060 $189,363 $946,814 $2,808,883
15 $4,142,313 $198,831 $994,155 $2,949,327
16 $4,349,429 $208,773 $1,043,863 $3,096,793
17 $4,566,900 $219,211 $1,096,056 $3,251,633
18 $4,795,245 $230,172 $1,150,859 $3,414,214
19 $5,035,007 $241,680 $1,208,402 $3,584,925
20 $5,286,758 $253,764 $1,268,822 $3,764,171
21 $5,551,095 $266,453 $1,332,263 $3,952,380
22 $5,828,650 $279,775 $1,398,876 $4,149,999
23 $6,120,083 $293,764 $1,468,820 $4,357,499
24 $6,426,087 $308,452 $1,542,261 $4,575,374
25 $6,747,391 $323,875 $1,619,374 $4,804,143
26 $7,084,761 $340,069 $1,700,343 $5,044,350
27 $7,438,999 $357,072 $1,785,360 $5,296,567
28 $7,810,949 $374,926 $1,874,628 $5,561,395
29 $8,201,496 $393,672 $1,968,359 $5,839,465
30 $8,611,571 $413,355 $2,066,777 $6,131,439
Total $139,000,000 $6,672,000 $33,360,000 $98,968,000

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.