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, Jun 06, 2025
$223,000,000
Federal tax
Select your filing status.
-$53,520,000State tax
Select your state.
-$10,704,000Net jackpot after tax
$158,776,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $3,356,470 | $161,111 | $805,553 | $2,389,807 |
| 2 | $3,524,294 | $169,166 | $845,830 | $2,509,297 |
| 3 | $3,700,508 | $177,624 | $888,122 | $2,634,762 |
| 4 | $3,885,534 | $186,506 | $932,528 | $2,766,500 |
| 5 | $4,079,810 | $195,831 | $979,154 | $2,904,825 |
| 6 | $4,283,801 | $205,622 | $1,028,112 | $3,050,066 |
| 7 | $4,497,991 | $215,904 | $1,079,518 | $3,202,569 |
| 8 | $4,722,890 | $226,699 | $1,133,494 | $3,362,698 |
| 9 | $4,959,035 | $238,034 | $1,190,168 | $3,530,833 |
| 10 | $5,206,987 | $249,935 | $1,249,677 | $3,707,375 |
| 11 | $5,467,336 | $262,432 | $1,312,161 | $3,892,743 |
| 12 | $5,740,703 | $275,554 | $1,377,769 | $4,087,380 |
| 13 | $6,027,738 | $289,331 | $1,446,657 | $4,291,749 |
| 14 | $6,329,125 | $303,798 | $1,518,990 | $4,506,337 |
| 15 | $6,645,581 | $318,988 | $1,594,939 | $4,731,654 |
| 16 | $6,977,860 | $334,937 | $1,674,686 | $4,968,236 |
| 17 | $7,326,753 | $351,684 | $1,758,421 | $5,216,648 |
| 18 | $7,693,091 | $369,268 | $1,846,342 | $5,477,481 |
| 19 | $8,077,745 | $387,732 | $1,938,659 | $5,751,355 |
| 20 | $8,481,633 | $407,118 | $2,035,592 | $6,038,922 |
| 21 | $8,905,714 | $427,474 | $2,137,371 | $6,340,869 |
| 22 | $9,351,000 | $448,848 | $2,244,240 | $6,657,912 |
| 23 | $9,818,550 | $471,290 | $2,356,452 | $6,990,808 |
| 24 | $10,309,477 | $494,855 | $2,474,275 | $7,340,348 |
| 25 | $10,824,951 | $519,598 | $2,597,988 | $7,707,365 |
| 26 | $11,366,199 | $545,578 | $2,727,888 | $8,092,734 |
| 27 | $11,934,509 | $572,856 | $2,864,282 | $8,497,370 |
| 28 | $12,531,234 | $601,499 | $3,007,496 | $8,922,239 |
| 29 | $13,157,796 | $631,574 | $3,157,871 | $9,368,351 |
| 30 | $13,815,686 | $663,153 | $3,315,765 | $9,836,768 |
| Total | $223,000,000 | $10,704,000 | $53,520,000 | $158,776,000 |
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.
