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, May 08, 2026
$215,000,000
Federal tax
Select your filing status.
-$51,600,000State tax
Select your state.
-$10,320,000Net jackpot after tax
$153,080,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $3,236,059 | $155,331 | $776,654 | $2,304,074 |
| 2 | $3,397,861 | $163,097 | $815,487 | $2,419,277 |
| 3 | $3,567,755 | $171,252 | $856,261 | $2,540,241 |
| 4 | $3,746,142 | $179,815 | $899,074 | $2,667,253 |
| 5 | $3,933,449 | $188,806 | $944,028 | $2,800,616 |
| 6 | $4,130,122 | $198,246 | $991,229 | $2,940,647 |
| 7 | $4,336,628 | $208,158 | $1,040,791 | $3,087,679 |
| 8 | $4,553,459 | $218,566 | $1,092,830 | $3,242,063 |
| 9 | $4,781,132 | $229,494 | $1,147,472 | $3,404,166 |
| 10 | $5,020,189 | $240,969 | $1,204,845 | $3,574,375 |
| 11 | $5,271,198 | $253,018 | $1,265,088 | $3,753,093 |
| 12 | $5,534,758 | $265,668 | $1,328,342 | $3,940,748 |
| 13 | $5,811,496 | $278,952 | $1,394,759 | $4,137,785 |
| 14 | $6,102,071 | $292,899 | $1,464,497 | $4,344,675 |
| 15 | $6,407,175 | $307,544 | $1,537,722 | $4,561,908 |
| 16 | $6,727,533 | $322,922 | $1,614,608 | $4,790,004 |
| 17 | $7,063,910 | $339,068 | $1,695,338 | $5,029,504 |
| 18 | $7,417,105 | $356,021 | $1,780,105 | $5,280,979 |
| 19 | $7,787,961 | $373,822 | $1,869,111 | $5,545,028 |
| 20 | $8,177,359 | $392,513 | $1,962,566 | $5,822,279 |
| 21 | $8,586,227 | $412,139 | $2,060,694 | $6,113,393 |
| 22 | $9,015,538 | $432,746 | $2,163,729 | $6,419,063 |
| 23 | $9,466,315 | $454,383 | $2,271,916 | $6,740,016 |
| 24 | $9,939,631 | $477,102 | $2,385,511 | $7,077,017 |
| 25 | $10,436,612 | $500,957 | $2,504,787 | $7,430,868 |
| 26 | $10,958,443 | $526,005 | $2,630,026 | $7,802,411 |
| 27 | $11,506,365 | $552,306 | $2,761,528 | $8,192,532 |
| 28 | $12,081,683 | $579,921 | $2,899,604 | $8,602,158 |
| 29 | $12,685,767 | $608,917 | $3,044,584 | $9,032,266 |
| 30 | $13,320,056 | $639,363 | $3,196,813 | $9,483,880 |
| Total | $215,000,000 | $10,320,000 | $51,600,000 | $153,080,000 |
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.
