Mega Millions Jackpot Analysis: State-by-State Payouts
See exactly what a Mega Millions jackpot pays after federal and state taxes, with a side-by-side comparison of the cash lump sum and the 30-year annuity for every U.S. state.
How we calculate payouts
- Cash value = advertised jackpot × cash ratio published by Mega Millions.
- Federal tax: 37% top marginal bracket (24% withheld at claim; balance owed at filing).
- State tax: top marginal income-tax rate for the state of residence.
- Annual annuity payment = advertised jackpot ÷ 30 (simplified — actual payments grow 5% per year).
Lump-sum vs. annuity by state
Based on a $100 million advertised jackpot. Values scale linearly — multiply by the ratio of the current jackpot to $100M.
| State | State Tax | Lump-Sum Net | Annual Annuity Net | 30-Yr Annuity Net |
|---|---|---|---|---|
| Arizona | 4.50% | $29.25M | $1.95M | $58.5M |
| Arkansas | 5.90% | $28.55M | $1.9M | $57.1M |
| California | 0.00% | $31.5M | $2.1M | $63M |
| Colorado | 4.40% | $29.3M | $1.95M | $58.6M |
| Connecticut | 6.99% | $28.01M | $1.87M | $56.01M |
| Delaware | 0.00% | $31.5M | $2.1M | $63M |
| District of Columbia | 8.95% | $27.03M | $1.8M | $54.05M |
| Florida | 0.00% | $31.5M | $2.1M | $63M |
| Georgia | 5.49% | $28.75M | $1.92M | $57.51M |
| Idaho | 5.80% | $28.6M | $1.91M | $57.2M |
| Illinois | 4.95% | $29.03M | $1.94M | $58.05M |
| Indiana | 3.15% | $29.93M | $2M | $59.85M |
| Iowa | 6.00% | $28.5M | $1.9M | $57M |
| Kansas | 5.00% | $29M | $1.93M | $58M |
| Kentucky | 4.50% | $29.25M | $1.95M | $58.5M |
| Louisiana | 4.25% | $29.38M | $1.96M | $58.75M |
| Maine | 7.15% | $27.93M | $1.86M | $55.85M |
| Maryland | 8.95% | $27.03M | $1.8M | $54.05M |
| Massachusetts | 5.00% | $29M | $1.93M | $58M |
| Michigan | 4.25% | $29.38M | $1.96M | $58.75M |
| Minnesota | 9.85% | $26.58M | $1.77M | $53.15M |
| Mississippi | 5.00% | $29M | $1.93M | $58M |
| Missouri | 4.00% | $29.5M | $1.97M | $59M |
| Montana | 6.75% | $28.13M | $1.88M | $56.25M |
| Nebraska | 5.00% | $29M | $1.93M | $58M |
| New Hampshire | 0.00% | $31.5M | $2.1M | $63M |
| New Jersey | 8.00% | $27.5M | $1.83M | $55M |
| New Mexico | 5.90% | $28.55M | $1.9M | $57.1M |
| New York | 10.90% | $26.05M | $1.74M | $52.1M |
| North Carolina | 4.75% | $29.13M | $1.94M | $58.25M |
| North Dakota | 2.90% | $30.05M | $2M | $60.1M |
| Ohio | 3.99% | $29.51M | $1.97M | $59.01M |
| Oklahoma | 4.75% | $29.13M | $1.94M | $58.25M |
| Oregon | 9.90% | $26.55M | $1.77M | $53.1M |
| Pennsylvania | 3.07% | $29.96M | $2M | $59.93M |
| Rhode Island | 5.99% | $28.51M | $1.9M | $57.01M |
| South Carolina | 6.40% | $28.3M | $1.89M | $56.6M |
| South Dakota | 0.00% | $31.5M | $2.1M | $63M |
| Tennessee | 0.00% | $31.5M | $2.1M | $63M |
| Texas | 0.00% | $31.5M | $2.1M | $63M |
| Vermont | 8.75% | $27.13M | $1.81M | $54.25M |
| Virginia | 5.75% | $28.63M | $1.91M | $57.25M |
| Washington | 0.00% | $31.5M | $2.1M | $63M |
| West Virginia | 6.50% | $28.25M | $1.88M | $56.5M |
| Wisconsin | 7.65% | $27.68M | $1.85M | $55.35M |
| Wyoming | 0.00% | $31.5M | $2.1M | $63M |
Drawings & odds
Drawings are held Tuesday and Friday at 11:00 PM ET. Tickets cost $5 per play (effective April 2025) and include a built-in multiplier.
Jackpot odds: 1 in 290,472,336. Overall odds of winning any prize: 1 in 23.
Frequently asked questions
Sources
Want to plug in your own jackpot and filing status? Try the interactive payout calculator. See also how to play Mega Millions and our state-by-state tax calculator.
- Powerball — Prizes & Odds
- Mega Millions — How to Play
- IRS Publication 525 — Lottery Winnings
- Tax Foundation — State Individual Income Tax Rates
Estimates are for informational purposes only and do not constitute tax or financial advice. Consult a licensed tax professional before claiming a prize.