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, Mar 06, 2026
$496,000,000
Federal tax
Select your filing status.
-$119,040,000State tax
Select your state.
-$23,808,000Net jackpot after tax
$353,152,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $7,465,512 | $358,345 | $1,791,723 | $5,315,444 |
| 2 | $7,838,787 | $376,262 | $1,881,309 | $5,581,217 |
| 3 | $8,230,727 | $395,075 | $1,975,374 | $5,860,277 |
| 4 | $8,642,263 | $414,829 | $2,074,143 | $6,153,291 |
| 5 | $9,074,376 | $435,570 | $2,177,850 | $6,460,956 |
| 6 | $9,528,095 | $457,349 | $2,286,743 | $6,784,004 |
| 7 | $10,004,500 | $480,216 | $2,401,080 | $7,123,204 |
| 8 | $10,504,725 | $504,227 | $2,521,134 | $7,479,364 |
| 9 | $11,029,961 | $529,438 | $2,647,191 | $7,853,332 |
| 10 | $11,581,459 | $555,910 | $2,779,550 | $8,245,999 |
| 11 | $12,160,532 | $583,706 | $2,918,528 | $8,658,299 |
| 12 | $12,768,559 | $612,891 | $3,064,454 | $9,091,214 |
| 13 | $13,406,987 | $643,535 | $3,217,677 | $9,545,774 |
| 14 | $14,077,336 | $675,712 | $3,378,561 | $10,023,063 |
| 15 | $14,781,203 | $709,498 | $3,547,489 | $10,524,216 |
| 16 | $15,520,263 | $744,973 | $3,724,863 | $11,050,427 |
| 17 | $16,296,276 | $782,221 | $3,911,106 | $11,602,949 |
| 18 | $17,111,090 | $821,332 | $4,106,662 | $12,183,096 |
| 19 | $17,966,644 | $862,399 | $4,311,995 | $12,792,251 |
| 20 | $18,864,977 | $905,519 | $4,527,594 | $13,431,863 |
| 21 | $19,808,225 | $950,795 | $4,753,974 | $14,103,456 |
| 22 | $20,798,637 | $998,335 | $4,991,673 | $14,808,629 |
| 23 | $21,838,568 | $1,048,251 | $5,241,256 | $15,549,061 |
| 24 | $22,930,497 | $1,100,664 | $5,503,319 | $16,326,514 |
| 25 | $24,077,022 | $1,155,697 | $5,778,485 | $17,142,839 |
| 26 | $25,280,873 | $1,213,482 | $6,067,409 | $17,999,981 |
| 27 | $26,544,916 | $1,274,156 | $6,370,780 | $18,899,981 |
| 28 | $27,872,162 | $1,337,864 | $6,689,319 | $19,844,980 |
| 29 | $29,265,770 | $1,404,757 | $7,023,785 | $20,837,229 |
| 30 | $30,729,059 | $1,474,995 | $7,374,974 | $21,879,090 |
| Total | $496,000,000 | $23,808,000 | $119,040,000 | $353,152,000 |
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.
