Current Mega Millions jackpot
| Estimated jackpot (annuity) | $321 Million |
|---|---|
| Cash value (lump sum) | $131.1 Million |
| Figures as of | October 1, 2026 |
| Drawings | Tuesday 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.
Mega Millions payout by state
For the current $321 Million jackpot ($131.1 Million cash), a single winner keeps the most — about $82,643,000 from the lump sum — in the states with no tax on lottery prizes: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. The least is in New York City, about $63,487,075. The table updates whenever the jackpot changes.
| State | State & local tax (lump sum) | Lump sum take-home | Annuity take-home (30 payments) |
|---|---|---|---|
| Arizona | $3,277,500 | $79,365,500 | $195,704,993 |
| Arkansas | $5,112,813 | $77,530,187 | $191,213,614 |
| California | $0 | $82,643,000 | $203,729,992 |
| Colorado | $5,768,400 | $76,874,600 | $189,605,992 |
| Connecticut | $9,160,190 | $73,482,810 | $181,403,092 |
| Delaware | $8,651,584 | $73,991,416 | $182,574,487 |
| District of Columbia | $14,077,275 | $68,565,725 | $169,701,742 |
| Florida | $0 | $82,643,000 | $203,729,992 |
| Georgia | $6,804,090 | $75,838,910 | $187,070,092 |
| Idaho | $6,948,045 | $75,694,955 | $186,724,642 |
| Illinois | $6,489,450 | $76,153,550 | $187,840,492 |
| Indiana | $3,867,450 | $78,775,550 | $194,260,493 |
| Iowa | $4,981,800 | $77,661,200 | $191,531,992 |
| Kansas | $7,315,293 | $75,327,707 | $185,820,815 |
| Kentucky | $4,588,500 | $78,054,500 | $192,494,992 |
| Louisiana | $3,933,000 | $78,710,000 | $194,099,992 |
| Maine | $9,373,130 | $73,269,869 | $180,794,083 |
| Maryland | $8,514,885 | $74,128,115 | $183,063,443 |
| Massachusetts | $11,755,674 | $70,887,326 | $176,139,772 |
| Michigan | $5,571,750 | $77,071,250 | $190,087,492 |
| Minnesota | $12,907,655 | $69,735,345 | $172,282,343 |
| Mississippi | $5,243,600 | $77,399,400 | $190,901,992 |
| Missouri | $6,161,519 | $76,481,480 | $188,648,411 |
| Montana | $7,406,699 | $75,236,301 | $185,607,030 |
| Nebraska | $5,964,749 | $76,678,251 | $189,133,519 |
| New Hampshire | $0 | $82,643,000 | $203,729,992 |
| New Jersey | $14,060,326 | $68,582,674 | $170,210,227 |
| New Mexico | $7,732,258 | $74,910,742 | $184,870,252 |
| New York | $14,074,614 | $68,568,386 | $172,624,476 |
| New York City | $19,155,925 | $63,487,075 | $160,186,261 |
| North Carolina | $5,230,890 | $77,412,110 | $190,922,092 |
| North Dakota | $3,275,208 | $79,367,792 | $195,773,747 |
| Ohio | $3,604,534 | $79,038,466 | $194,923,984 |
| Oklahoma | $5,899,285 | $76,743,715 | $189,291,435 |
| Oregon | $12,977,144 | $69,665,856 | $172,003,687 |
| Pennsylvania | $4,024,770 | $78,618,230 | $193,875,292 |
| Rhode Island | $7,849,758 | $74,793,242 | $184,596,067 |
| South Carolina | $7,865,344 | $74,777,656 | $184,489,675 |
| South Dakota | $0 | $82,643,000 | $203,729,992 |
| Tennessee | $0 | $82,643,000 | $203,729,992 |
| Texas | $0 | $82,643,000 | $203,729,992 |
| Vermont | $11,465,576 | $71,177,424 | $175,812,714 |
| Virginia | $7,537,993 | $75,105,007 | $185,280,217 |
| Washington | $0 | $82,643,000 | $203,729,992 |
| West Virginia | $6,318,182 | $76,324,818 | $188,282,948 |
| Wisconsin | $10,020,728 | $72,622,272 | $179,426,166 |
| Wyoming | $0 | $82,643,000 | $203,729,992 |
Single filer living in the state, no other income, 2026 federal and state rates. Federal tax is the same in every state. County and city taxes outside New York City are not included. Choose your state and filing status in the calculator above for your own figures, or compare rates in lottery tax by state.
Recent Mega Millions jackpots
We record the advertised Mega Millions jackpot and cash value before every drawing, starting Oct 1, 2026. When the next jackpot is smaller than the one before it, that drawing's jackpot was won.
| Drawing | Jackpot (annuity) | Cash value | Result |
|---|---|---|---|
| Oct 2, 2026 | $321 Million | $131.1 Million | Upcoming |
Figures are the New York Lottery's published estimates for each drawing, recorded once a day. For the biggest jackpots ever won and what each winner would keep after taxes, see the largest Powerball and Mega Millions jackpots.
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.