Mega Millions Jackpot After Taxes: $403 Million (Oct 2026) — Every State
The next Mega Millions drawing is Friday, October 16, 2026, at 11:00 PM ET. The advertised jackpot is $403 million — that's the annuity, paid over 29 years. The cash option is about $162.0 million (estimated). Nobody won the October 13, 2026 drawing, so the jackpot rolled over. Updated .
If you won the $403 million Mega Millions jackpot on Friday and took the cash, you'd receive about $162.0 million before taxes. Federal income tax takes about $59.9 million of that, leaving $102.1 million in states with no lottery tax. In New York, the highest-tax state that sells Mega Millions (10.9%), you'd keep about $84.4 million.
Mega Millions jackpot after taxes by state
Lump sum = the estimated $162.00M cash option after federal and state tax. Annuity = the first of 30 yearly payments after tax. Single filer, 2026 federal brackets, no other income. Tap a column to sort.
| Alabama | 5% | $94.00M | $3.56M |
|---|---|---|---|
| AlaskaNo lottery | 0% | $102.10M | $3.87M |
| Arizona | 2.5% | $98.05M | $3.71M |
| Arkansas | 5.9% | $92.55M | $3.51M |
| CaliforniaCA Lottery prizes exempt | 0% | $102.10M | $3.87M |
| Colorado | 4.4% | $94.98M | $3.60M |
| Connecticut | 6.99% | $90.78M | $3.44M |
| Delaware | 6.6% | $91.41M | $3.47M |
| Florida | 0% | $102.10M | $3.87M |
| Georgia | 5.49% | $93.21M | $3.53M |
| HawaiiNo lottery | 11% | $84.28M | $3.20M |
| Idaho | 5.8% | $92.71M | $3.51M |
| Illinois | 4.95% | $94.09M | $3.57M |
| Indiana | 3.23% | $96.87M | $3.67M |
| Iowa | 6% | $92.38M | $3.50M |
| Kansas | 5.7% | $92.87M | $3.52M |
| Kentucky | 4.5% | $94.81M | $3.59M |
| Louisiana | 4.25% | $95.22M | $3.61M |
| Maine | 7.15% | $90.52M | $3.43M |
| Maryland | 8.75% | $87.93M | $3.33M |
| Massachusetts | 5% | $94.00M | $3.56M |
| Michigan | 4.25% | $95.22M | $3.61M |
| Minnesota | 9.85% | $86.15M | $3.27M |
| Mississippi | 5% | $94.00M | $3.56M |
| Missouri | 4.8% | $94.33M | $3.57M |
| Montana | 6.75% | $91.17M | $3.46M |
| Nebraska | 6.84% | $91.02M | $3.45M |
| NevadaNo lottery | 0% | $102.10M | $3.87M |
| New Hampshire | 0% | $102.10M | $3.87M |
| New Jersey | 10.75% | $84.69M | $3.21M |
| New Mexico | 4.9% | $94.17M | $3.57M |
| New York+ local tax (NYC, Yonkers) | 10.9% | $84.45M | $3.20M |
| North Carolina | 4.99% | $94.02M | $3.56M |
| North Dakota | 2.5% | $98.05M | $3.71M |
| Ohio | 4% | $95.62M | $3.62M |
| Oklahoma | 4.75% | $94.41M | $3.58M |
| Oregon | 9.9% | $86.07M | $3.26M |
| Pennsylvania | 3.07% | $97.13M | $3.68M |
| Rhode Island | 5.99% | $92.40M | $3.50M |
| South Carolina | 6.5% | $91.57M | $3.47M |
| South Dakota | 0% | $102.10M | $3.87M |
| Tennessee | 0% | $102.10M | $3.87M |
| Texas | 0% | $102.10M | $3.87M |
| UtahNo lottery | 4.85% | $94.25M | $3.57M |
| Vermont | 8.75% | $87.93M | $3.33M |
| Virginia | 5.75% | $92.79M | $3.52M |
| Washington | 0% | $102.10M | $3.87M |
| Washington DC | 10.75% | $84.69M | $3.21M |
| West Virginia | 6.5% | $91.57M | $3.47M |
| Wisconsin | 7.65% | $89.71M | $3.40M |
| Wyoming | 0% | $102.10M | $3.87M |
California exempts California Lottery prizes (including Mega Millions tickets bought there) from state income tax. New York: New York City residents also owe NYC income tax (up to 3.876%); Yonkers residents owe a surcharge. A New York City resident would keep about $78.2 million of the cash option (adding NYC's 3.876% top rate). Alaska, Hawaii, Nevada and Utah don't sell Mega Millions tickets; their rows show the tax a resident would owe at home on a prize bought in another state. State rates are the rates our calculator uses — rules change, so confirm with your state's tax department.
Married, a different jackpot, or want the full 30-year annuity schedule? The calculator does it for any amount and state.
Open the Mega Millions tax calculator →How lottery winnings are taxed
A jackpot is ordinary income. The IRS taxes it with the same progressive brackets as wages — 10% up to 37% for 2026 — so on a prize this size almost every dollar lands in the top bracket. Federal tax on the $162.0 million cash option comes to about $59.9 million, an effective rate of 36.97%.
Your state then taxes the prize at the rate in the table, from 0% up to 10.9%, and a few cities add local income tax on top. Every figure here assumes a single filer with no other income; a married couple filing jointly pays only slightly less, because the brackets reach 37% after the first several hundred thousand dollars.
24% withheld vs. the 37% you actually owe
When you claim the prize, the lottery withholds 24% for federal tax: $38.9 million on the cash option. That is not the whole bill. The actual federal tax is about $59.9 million, so roughly $21.0 million more is due when you file your return.
Many quick "after taxes" figures only subtract the 24% withholding, which overstates what you keep by tens of millions of dollars on a jackpot this size. Plan for the full amount; a tax adviser can set up estimated payments so there is no penalty.
Lump sum or annuity?
The advertised $403 million is the annuity: one payment now and 29 yearly payments, each 5% larger than the one before. The first is about $6.1 million and the last about $25.0 million. Each payment is taxed in the year you receive it.
In a state with no lottery tax, the first payment is about $3.9 million after federal tax, and all 30 add up to about $255.2 million after tax at today's rates. The cash option is about $102.1 million after federal tax, paid at once. The annuity pays more in total; the cash is yours to invest now, and nobody knows what tax rates will be over the next 29 years. If you die before all payments are made, the remaining payments go to your estate.
States that don't tax lottery winnings
- No state tax on lottery prizes: Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming.
- Lottery prizes exempt: California doesn't tax California Lottery prizes, including Mega Millions and Powerball tickets bought in California.
- No lottery at all: Alaska, Hawaii, Nevada, Utah don't sell tickets. Alaska and Nevada have no income tax; Hawaii and Utah tax residents' winnings from tickets bought elsewhere.
The highest rates among states that sell Mega Millions: New York (10.9%), New Jersey (10.75%), Washington DC (10.75%).
Your odds
The odds of winning the Mega Millions jackpot are 1 in 290,472,336 for each $5 play. No number-picking method, app or pattern changes that — every combination is equally likely, and we tested eight popular prediction methods on real draws: none beat random picks. Play only what you can afford to lose. If you do win, sign the ticket, keep it safe, and talk to a tax adviser and a lawyer before you claim.