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, Jun 16, 2026
$430,000,000
Federal tax
Select your filing status.
-$103,200,000State tax
Select your state.
-$20,640,000Net jackpot after tax
$306,160,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $6,472,117 | $310,662 | $1,553,308 | $4,608,147 |
| 2 | $6,795,723 | $326,195 | $1,630,974 | $4,838,555 |
| 3 | $7,135,509 | $342,504 | $1,712,522 | $5,080,482 |
| 4 | $7,492,285 | $359,630 | $1,798,148 | $5,334,507 |
| 5 | $7,866,899 | $377,611 | $1,888,056 | $5,601,232 |
| 6 | $8,260,244 | $396,492 | $1,982,458 | $5,881,294 |
| 7 | $8,673,256 | $416,316 | $2,081,581 | $6,175,358 |
| 8 | $9,106,919 | $437,132 | $2,185,660 | $6,484,126 |
| 9 | $9,562,265 | $458,989 | $2,294,944 | $6,808,332 |
| 10 | $10,040,378 | $481,938 | $2,409,691 | $7,148,749 |
| 11 | $10,542,397 | $506,035 | $2,530,175 | $7,506,186 |
| 12 | $11,069,517 | $531,337 | $2,656,684 | $7,881,496 |
| 13 | $11,622,992 | $557,904 | $2,789,518 | $8,275,571 |
| 14 | $12,204,142 | $585,799 | $2,928,994 | $8,689,349 |
| 15 | $12,814,349 | $615,089 | $3,075,444 | $9,123,817 |
| 16 | $13,455,067 | $645,843 | $3,229,216 | $9,580,007 |
| 17 | $14,127,820 | $678,135 | $3,390,677 | $10,059,008 |
| 18 | $14,834,211 | $712,042 | $3,560,211 | $10,561,958 |
| 19 | $15,575,921 | $747,644 | $3,738,221 | $11,090,056 |
| 20 | $16,354,718 | $785,026 | $3,925,132 | $11,644,559 |
| 21 | $17,172,453 | $824,278 | $4,121,389 | $12,226,787 |
| 22 | $18,031,076 | $865,492 | $4,327,458 | $12,838,126 |
| 23 | $18,932,630 | $908,766 | $4,543,831 | $13,480,032 |
| 24 | $19,879,261 | $954,205 | $4,771,023 | $14,154,034 |
| 25 | $20,873,224 | $1,001,915 | $5,009,574 | $14,861,736 |
| 26 | $21,916,886 | $1,052,011 | $5,260,053 | $15,604,823 |
| 27 | $23,012,730 | $1,104,611 | $5,523,055 | $16,385,064 |
| 28 | $24,163,366 | $1,159,842 | $5,799,208 | $17,204,317 |
| 29 | $25,371,535 | $1,217,834 | $6,089,168 | $18,064,533 |
| 30 | $26,640,112 | $1,278,725 | $6,393,627 | $18,967,759 |
| Total | $430,000,000 | $20,640,000 | $103,200,000 | $306,160,000 |
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.
