Which state should I pick in the calculator?

Choose the state where the winning ticket was purchased (not where you live).

Do local city taxes apply?

Some cities—e.g., New York City and Yonkers—may also tax lottery winnings. This calculator focuses on federal plus state for a quick estimate.

Will my final taxes be different from the estimate?

Yes. Withholding differs from final tax. Your total depends on filing status, deductions, local taxes, and other income. Consult a tax professional for advice.

Should I take the lump sum or the annuity?

It depends on discipline, planning, and risk tolerance. See our guide to Lump Sum vs Annuity for pros and cons, then run scenarios with the calculator.

MegaMillions

Latest Result: 3-18-23-32-56+8
Next Jackpot: $ 600,000,000
Draw date: 10/14/2025
Buy a Lottery ticket now

Mega Millions Taxes by State

The Mega Millions jackpot is always growing and causing quite a stir. Use the calculator below to estimate your after-tax payout by state—then weigh lump sum vs annuity for your situation.

Mega Millions Tax Calculator

Where was the lottery ticket purchased?
Estimated Jackpot Value (the biggest number):


Lump Sum Option
One-Time Payout (after Taxes):

Annuity Option
(30 graduated payments made annually over 29 years)
Total Payout (after Taxes):
Example Payments
Initial (1st) Payment (after Taxes):
10th Payment (after Taxes):
20th Payment (after Taxes):
Final (30th) Payment (after Taxes):

International players only: If you live outside the United States, joining a Mega Millions pool lets you play many more lines by splitting costs with others. This option isn’t intended for U.S. players.

Notes
* Delaware: no state tax withheld at payout; up to 6.6% may be due at tax time.
** NYC (3.876%) and Yonkers (1.477%) local taxes may also apply.

Legal Stuff
Figures assume one winner and include 24% federal withholding plus the selected state rate for a simple estimate. For resident state taxes only. Check with your state if you live elsewhere. Final taxes can vary. For information only; not tax or legal advice.