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, Dec 05, 2025
$50,000,000
Federal tax
Select your filing status.
-$12,000,000State tax
Select your state.
-$2,400,000Net jackpot after tax
$35,600,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $752,572 | $36,123 | $180,617 | $535,831 |
| 2 | $790,200 | $37,930 | $189,648 | $562,623 |
| 3 | $829,710 | $39,826 | $199,130 | $590,754 |
| 4 | $871,196 | $41,817 | $209,087 | $620,291 |
| 5 | $914,756 | $43,908 | $219,541 | $651,306 |
| 6 | $960,493 | $46,104 | $230,518 | $683,871 |
| 7 | $1,008,518 | $48,409 | $242,044 | $718,065 |
| 8 | $1,058,944 | $50,829 | $254,147 | $753,968 |
| 9 | $1,111,891 | $53,371 | $266,854 | $791,667 |
| 10 | $1,167,486 | $56,039 | $280,197 | $831,250 |
| 11 | $1,225,860 | $58,841 | $294,206 | $872,812 |
| 12 | $1,287,153 | $61,783 | $308,917 | $916,453 |
| 13 | $1,351,511 | $64,873 | $324,363 | $962,276 |
| 14 | $1,419,086 | $68,116 | $340,581 | $1,010,389 |
| 15 | $1,490,041 | $71,522 | $357,610 | $1,060,909 |
| 16 | $1,564,543 | $75,098 | $375,490 | $1,113,954 |
| 17 | $1,642,770 | $78,853 | $394,265 | $1,169,652 |
| 18 | $1,724,908 | $82,796 | $413,978 | $1,228,135 |
| 19 | $1,811,154 | $86,935 | $434,677 | $1,289,541 |
| 20 | $1,901,711 | $91,282 | $456,411 | $1,354,018 |
| 21 | $1,996,797 | $95,846 | $479,231 | $1,421,719 |
| 22 | $2,096,637 | $100,639 | $503,193 | $1,492,805 |
| 23 | $2,201,469 | $105,670 | $528,352 | $1,567,446 |
| 24 | $2,311,542 | $110,954 | $554,770 | $1,645,818 |
| 25 | $2,427,119 | $116,502 | $582,509 | $1,728,109 |
| 26 | $2,548,475 | $122,327 | $611,634 | $1,814,514 |
| 27 | $2,675,899 | $128,443 | $642,216 | $1,905,240 |
| 28 | $2,809,694 | $134,865 | $674,327 | $2,000,502 |
| 29 | $2,950,178 | $141,609 | $708,043 | $2,100,527 |
| 30 | $3,097,687 | $148,689 | $743,445 | $2,205,553 |
| Total | $50,000,000 | $2,400,000 | $12,000,000 | $35,600,000 |
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.
