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, Sep 02, 2025
$302,000,000
Federal tax
Select your filing status.
-$72,480,000State tax
Select your state.
-$14,496,000Net jackpot after tax
$215,024,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $4,545,533 | $218,186 | $1,090,928 | $3,236,420 |
| 2 | $4,772,810 | $229,095 | $1,145,474 | $3,398,241 |
| 3 | $5,011,451 | $240,550 | $1,202,748 | $3,568,153 |
| 4 | $5,262,023 | $252,577 | $1,262,886 | $3,746,560 |
| 5 | $5,525,124 | $265,206 | $1,326,030 | $3,933,888 |
| 6 | $5,801,380 | $278,466 | $1,392,331 | $4,130,583 |
| 7 | $6,091,449 | $292,390 | $1,461,948 | $4,337,112 |
| 8 | $6,396,022 | $307,009 | $1,535,045 | $4,553,968 |
| 9 | $6,715,823 | $322,360 | $1,611,798 | $4,781,666 |
| 10 | $7,051,614 | $338,477 | $1,692,387 | $5,020,749 |
| 11 | $7,404,195 | $355,401 | $1,777,007 | $5,271,787 |
| 12 | $7,774,405 | $373,171 | $1,865,857 | $5,535,376 |
| 13 | $8,163,125 | $391,830 | $1,959,150 | $5,812,145 |
| 14 | $8,571,281 | $411,421 | $2,057,107 | $6,102,752 |
| 15 | $8,999,845 | $431,993 | $2,159,963 | $6,407,890 |
| 16 | $9,449,837 | $453,592 | $2,267,961 | $6,728,284 |
| 17 | $9,922,329 | $476,272 | $2,381,359 | $7,064,698 |
| 18 | $10,418,446 | $500,085 | $2,500,427 | $7,417,933 |
| 19 | $10,939,368 | $525,090 | $2,625,448 | $7,788,830 |
| 20 | $11,486,337 | $551,344 | $2,756,721 | $8,178,272 |
| 21 | $12,060,653 | $578,911 | $2,894,557 | $8,587,185 |
| 22 | $12,663,686 | $607,857 | $3,039,285 | $9,016,544 |
| 23 | $13,296,870 | $638,250 | $3,191,249 | $9,467,372 |
| 24 | $13,961,714 | $670,162 | $3,350,811 | $9,940,740 |
| 25 | $14,659,800 | $703,670 | $3,518,352 | $10,437,777 |
| 26 | $15,392,789 | $738,854 | $3,694,269 | $10,959,666 |
| 27 | $16,162,429 | $775,797 | $3,878,983 | $11,507,649 |
| 28 | $16,970,550 | $814,586 | $4,072,932 | $12,083,032 |
| 29 | $17,819,078 | $855,316 | $4,276,579 | $12,687,183 |
| 30 | $18,710,032 | $898,082 | $4,490,408 | $13,321,543 |
| Total | $302,000,000 | $14,496,000 | $72,480,000 | $215,024,000 |
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.
