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, Apr 21, 2026
$140,000,000
Federal tax
Select your filing status.
-$33,600,000State tax
Select your state.
-$6,720,000Net jackpot after tax
$99,680,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $2,107,201 | $101,146 | $505,728 | $1,500,327 |
| 2 | $2,212,561 | $106,203 | $531,015 | $1,575,343 |
| 3 | $2,323,189 | $111,513 | $557,565 | $1,654,111 |
| 4 | $2,439,348 | $117,089 | $585,444 | $1,736,816 |
| 5 | $2,561,316 | $122,943 | $614,716 | $1,823,657 |
| 6 | $2,689,382 | $129,090 | $645,452 | $1,914,840 |
| 7 | $2,823,851 | $135,545 | $677,724 | $2,010,582 |
| 8 | $2,965,043 | $142,322 | $711,610 | $2,111,111 |
| 9 | $3,113,295 | $149,438 | $747,191 | $2,216,666 |
| 10 | $3,268,960 | $156,910 | $784,550 | $2,327,500 |
| 11 | $3,432,408 | $164,756 | $823,778 | $2,443,875 |
| 12 | $3,604,029 | $172,993 | $864,967 | $2,566,068 |
| 13 | $3,784,230 | $181,643 | $908,215 | $2,694,372 |
| 14 | $3,973,442 | $190,725 | $953,626 | $2,829,090 |
| 15 | $4,172,114 | $200,261 | $1,001,307 | $2,970,545 |
| 16 | $4,380,719 | $210,275 | $1,051,373 | $3,119,072 |
| 17 | $4,599,755 | $220,788 | $1,103,941 | $3,275,026 |
| 18 | $4,829,743 | $231,828 | $1,159,138 | $3,438,777 |
| 19 | $5,071,230 | $243,419 | $1,217,095 | $3,610,716 |
| 20 | $5,324,792 | $255,590 | $1,277,950 | $3,791,252 |
| 21 | $5,591,031 | $268,370 | $1,341,848 | $3,980,814 |
| 22 | $5,870,583 | $281,788 | $1,408,940 | $4,179,855 |
| 23 | $6,164,112 | $295,877 | $1,479,387 | $4,388,848 |
| 24 | $6,472,318 | $310,671 | $1,553,356 | $4,608,290 |
| 25 | $6,795,934 | $326,205 | $1,631,024 | $4,838,705 |
| 26 | $7,135,730 | $342,515 | $1,712,575 | $5,080,640 |
| 27 | $7,492,517 | $359,641 | $1,798,204 | $5,334,672 |
| 28 | $7,867,143 | $377,623 | $1,888,114 | $5,601,406 |
| 29 | $8,260,500 | $396,504 | $1,982,520 | $5,881,476 |
| 30 | $8,673,525 | $416,329 | $2,081,646 | $6,175,550 |
| Total | $140,000,000 | $6,720,000 | $33,600,000 | $99,680,000 |
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.
