Mega Millions Taxes
Hopefully, you are here because you’re already a Mega Millions winner.
But unfortunately, Mega Millions taxes and the lump sum payment option will greatly reduce those winnings.
Use this tool to see how much a winning lottery ticket is really worth:
Mega Millions Tax Calculator
If winning the lottery is still just a dream, then you’ll know that the odds of your ticket winning certainly aren’t great.
But buying lottery tickets online as part of a Mega Millions pool allows you to play 30 tickets at a time by splitting the cost with other players.
So if you really want to be a Mega Millions winner, then this is the cheapest & easiest way to achieve your goal.
* Non-Arizona residents typically pay 6% state tax.
** Non-Maryland residents typically pay 7% state tax.
*** Winners living in New York City (3.876% extra) and Yonkers (1.323% extra) may be subject to additional taxes.
All calculated figures are based on a sole prize winner and factor in an initial 25% federal tax withholding. A portion of this information has been provided by usamega.com, and all figures are subject to fluctuation resulting from (but not limited to) changes in tax requirements, lottery rules, payout structures, personal expenditures, etc.
The numbers on this page are only intended to provide approximate values and should not be viewed as legal or financial advice. Please contact us if you need help finding a good accountant or tax attorney, and AfterLotto can help you keep as much money as legally possible.