Jackpot CalculatorData as of Oct 1, 2026

Mega Millions Calculator

See what the current Mega Millions jackpot could be worth after taxes.

Game
321 million USDAdvertised annuity total
Official
131.1 million USDPublished cash option
More options

Choose your state to include state tax. The figures below include federal tax only.

Estimated take-home

Cash option

$82.64M

Estimates only. Not tax or financial advice.

How we calculate

Cash option breakdown

Cash value$131,100,000
Federal income taxup to the 37% bracket−$48,457,000
State tax$0
Take-home$82,643,000

Final estimated taxes, not just withholding.

Annuity

$203.73MTotal over 30 payments

Today's value$106.17MAt 4% discount rate

Claim vs. final tax

At claim
$99.64M
After initial federal withholding (24%)
Additional federal tax
$16.99M
Due when you file your tax return

When you claim, the lottery withholds federal $31,463,999 (24%), so you receive about $99,636,001. You would owe about $16,993,001 more federal tax when you file.

About your estimate

Game
Mega Millions
Jackpot
$321,000,000
Your state
Federal only
Filing status
Single

2026 tax brackets. Actual results may vary.

Report an error
Year-by-year annuity payments
PaymentBefore taxFederal taxState & local taxTake-home
1$4,831,511$1,737,659$0$3,093,851
2$5,073,086$1,827,042$0$3,246,044
3$5,326,741$1,920,894$0$3,405,846
4$5,593,078$2,019,439$0$3,573,639
5$5,872,731$2,122,911$0$3,749,821
6$6,166,368$2,231,556$0$3,934,812
7$6,474,686$2,345,634$0$4,129,052
8$6,798,421$2,465,416$0$4,333,005
9$7,138,342$2,591,187$0$4,547,155
10$7,495,259$2,723,246$0$4,772,013
11$7,870,022$2,861,908$0$5,008,113
12$8,263,523$3,007,504$0$5,256,019
13$8,676,699$3,160,379$0$5,516,320
14$9,110,534$3,320,898$0$5,789,636
15$9,566,061$3,489,443$0$6,076,618
16$10,044,364$3,666,415$0$6,377,949
17$10,546,582$3,852,236$0$6,694,346
18$11,073,911$4,047,347$0$7,026,564
19$11,627,606$4,252,215$0$7,375,392
20$12,208,987$4,467,325$0$7,741,661
21$12,819,436$4,693,192$0$8,126,245
22$13,460,408$4,930,351$0$8,530,057
23$14,133,428$5,179,369$0$8,954,060
24$14,840,100$5,440,837$0$9,399,263
25$15,582,105$5,715,379$0$9,866,726
26$16,361,210$6,003,648$0$10,357,562
27$17,179,271$6,306,330$0$10,872,940
28$18,038,234$6,624,147$0$11,414,087
29$18,940,146$6,957,854$0$11,982,292
30$19,887,153$7,308,247$0$12,578,906
Total$321,000,000$117,270,008$0$203,729,992

Assumes 2026 tax brackets stay the same and no other income unless entered above.

See how the annuity grows
Annual take-home (after tax)
30 after-tax annuity payments. Exact amounts are listed in the payment table.$15.00M$11.25M$7.50M$3.75M$0Payment 1: $3,093,851 after taxPayment 2: $3,246,044 after taxPayment 3: $3,405,846 after taxPayment 4: $3,573,639 after taxPayment 5: $3,749,821 after taxPayment 6: $3,934,812 after taxPayment 7: $4,129,052 after taxPayment 8: $4,333,005 after taxPayment 9: $4,547,155 after taxPayment 10: $4,772,013 after taxPayment 11: $5,008,113 after taxPayment 12: $5,256,019 after taxPayment 13: $5,516,320 after taxPayment 14: $5,789,636 after taxPayment 15: $6,076,618 after taxPayment 16: $6,377,949 after taxPayment 17: $6,694,346 after taxPayment 18: $7,026,564 after taxPayment 19: $7,375,392 after taxPayment 20: $7,741,661 after taxPayment 21: $8,126,245 after taxPayment 22: $8,530,057 after taxPayment 23: $8,954,060 after taxPayment 24: $9,399,263 after taxPayment 25: $9,866,726 after taxPayment 26: $10,357,562 after taxPayment 27: $10,872,940 after taxPayment 28: $11,414,087 after taxPayment 29: $11,982,292 after taxPayment 30: $12,578,906 after tax130Payment year

First payment $4,831,511 before tax ($3,093,851 after). Each later payment is 5% larger.

Estimates only — not tax or financial advice. How we calculate.

Current Mega Millions jackpot

Estimated jackpot (annuity)$321 Million
Cash value (lump sum)$131.1 Million
Figures as ofOctober 1, 2026
DrawingsTuesday and Friday at 11 p.m. ET
Ticket price$5

Jackpot estimate from the New York Lottery, updated automatically every day. Official game site: megamillions.com. Advertised amounts are before taxes.

How the Mega Millions payout works

The advertised Mega Millions jackpot is the annuity: one immediate payment followed by 29 annual payments, each 5% larger than the one before. The cash value is the amount in the jackpot prize pool, paid at once if the winner chooses the lump sum. Both figures are before taxes.

Mega Millions tickets cost $5 per play with a multiplier included. Because federal withholding is figured on the winnings minus the amount wagered, the ticket price is subtracted before the 24% is applied.

Taxes on Mega Millions winnings

At the current jackpot, a single winner in Texas who takes the cash would owe about $48,457,000 in federal income tax and take home about $82,643,000. The same winner living in New York City would also owe New York State and city tax, taking home about $63,487,075. See every state in the lottery tax by state table, or compare payment options with the Mega Millions annuity calculator.

Common questions

How much would the Mega Millions jackpot winner take home?

With the jackpot at $321 Million and a cash value of $131.1 Million, a single winner taking the lump sum keeps about $82,643,000 after federal tax in a state with no income tax, or about $63,487,075 in New York City. Choose your state above for your own estimate.

How are Mega Millions annuity payments made?

The annuity is paid as 30 payments over 29 years: one when you claim, then one each year. Each payment is 5% larger than the previous one, so the last is about 4.1 times the first. Each payment is taxed in the year you receive it.

How much is withheld when you claim a Mega Millions jackpot?

The lottery withholds 24% of the prize, minus the ticket price, for federal tax, plus state tax in most states. For the current cash value that is $31,463,999 federal, but the final federal bill at the 37% bracket is about $48,457,000.