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.
-$33,360,000State tax
Select your state.
-$6,672,000Net 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.
