How much is the $443 Million Mega Millions jackpot after taxes?
About $117,545,000 for a single winner who takes the $186.5 Million cash option and lives in a state with no lottery tax, after about $68,955,000 in federal income tax. In New York City, where the take-home is lowest, the same winner keeps about $89,989,067. Taking the annuity instead pays about $280,589,993 after federal tax over 30 payments.
| Where the winner lives | Lump sum after tax | Annuity after tax (30 payments) |
|---|---|---|
| No state tax (Texas, Florida and others) | $117,545,000 | $280,589,993 |
| Illinois (flat 4.95%) | $108,313,250 | $258,661,493 |
| New York City | $89,989,067 | $217,506,680 |
Advertised jackpot $443 Million for the October 27, 2026 drawing, single filer with no other income, 2026 rates; updated every day. Pick your state and filing status in the calculator above. Prizes for every other tier are in the Mega Millions payout chart, and every state is in the payout by state table.
Current Mega Millions jackpot
| Estimated jackpot (annuity) | $443 Million |
|---|---|
| Cash value (lump sum) | $186.5 Million |
| Figures as of | October 24, 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, $186.5 Million for this drawing (42.1% of the jackpot), is the money in the prize pool, paid at once if the winner chooses the lump sum. Both figures are before taxes.
The jackpot odds per play are 1 in 290,472,336. Compare every prize tier and ticket expected value in Mega Millions odds and prize probabilities. If your ticket has won, follow the lottery winner claim checklist before deciding how to receive the money.
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.
Follow the current Mega Millions cash option from claim to filing
- Use the announced cash value, $186,500,000, rather than the advertised $443 Million annuity.
- Subtract the $5 ticket cost only for the withholding base. Multiply that base by 24%: the initial federal withholding is $44,759,999.
- The initial payment is about $141,740,001 in Texas. This is money paid at claim, before settling your final tax return.
- For a single filer with no other income, estimated final federal tax is $68,955,000. Subtract the withholding already paid: $24,195,001 remains, leaving $117,545,000 after estimated final tax.
Illustration at 2026 rates, no credits or itemized deductions. Cash estimate published October 24, 2026; IRS withholding rules. This is a calculated scenario, not a winner’s tax return. See the bracket-by-bracket example.
Taxes on Mega Millions winnings
The Mega Millions jackpot calculator above starts with the current jackpot and its cash value, then subtracts federal and state income tax for the state you pick, plus city tax in New York City and Yonkers. Why the 24% withheld at claim is not the final bill is explained in taxes on lottery winnings.
See every state's rate in the lottery tax by state table, or compare payment options with the Mega Millions annuity calculator.
Mega Millions payout chart after taxes
Every $5 Mega Millions play comes with a multiplier — 2X, 3X, 4X, 5X, 10X — assigned at random when the ticket is bought and applied to every prize except the jackpot. The odds of 2X are 1 in 2.13 and of 10X 1 in 32 (Mega Millions prizes and odds). So the second prize is never less than $2,000,000: a winner with 2X keeps about $1,292,820 after federal tax, and one with 10X wins $10,000,000 and keeps about $6,332,820.
| Match | Prize at 2X | Prize at 10X | Odds | Take-home at 2X |
|---|---|---|---|---|
| 5 + Mega Ball | Jackpot | Jackpot | 1 in 290,472,336 | See the calculator above |
| 5 | $2,000,000 | $10,000,000 | 1 in 12,629,232 | $1,292,820 |
| 4 + Mega Ball | $20,000 | $100,000 | 1 in 893,761 | $16,250 |
| 4 | $1,000 | $5,000 | 1 in 38,859 | $880.00 |
| 3 + Mega Ball | $400 | $2,000 | 1 in 13,965 | $352.00 |
| 3 | $20 | $100 | 1 in 607 | $18.00 |
| 2 + Mega Ball | $20 | $100 | 1 in 665 | $18.00 |
| 1 + Mega Ball | $14 | $70 | 1 in 86 | $12.00 |
| Mega Ball only | $10 | $50 | 1 in 35 | $9.00 |
Take-home after 2026 federal income tax for a single filer who already earns $60,000 a year and lives in a state with no tax on lottery prizes. Your own figure: enter the prize in the lottery tax calculator. Federal tax is withheld only from prizes over $5,000 after the $5 ticket price is subtracted. In California, prizes below the jackpot are pari-mutuel and differ from these amounts.
Cite this table
Source: Jackpot Calculator, Mega Millions payout chart after taxes (2026 federal rates).
Mega Millions payout by state: $443 Million jackpot
For the $443 Million jackpot in the Tuesday, October 27, 2026 drawing ($186.5 Million cash, estimated October 23), a single winner keeps the most — about $117,545,000 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 $89,989,067. This table is recalculated every day as the Mega Millions jackpot changes.
| State | State & local tax (lump sum) | Lump sum take-home | Annuity take-home (30 payments) |
|---|---|---|---|
| Arizona | $4,662,500 | $112,882,500 | $269,514,991 |
| Arkansas | $7,273,413 | $110,271,587 | $263,315,614 |
| California | $0 | $117,545,000 | $280,589,993 |
| Colorado | $8,206,000 | $109,339,000 | $261,097,992 |
| Connecticut | $13,032,650 | $104,512,350 | $249,735,295 |
| Delaware | $12,307,984 | $105,237,016 | $251,382,488 |
| District of Columbia | $20,032,775 | $97,512,225 | $233,446,743 |
| Florida | $0 | $117,545,000 | $280,589,993 |
| Georgia | $9,305,602 | $108,239,398 | $258,506,750 |
| Idaho | $9,884,245 | $107,660,755 | $257,118,641 |
| Illinois | $9,231,750 | $108,313,250 | $258,661,493 |
| Indiana | $5,501,750 | $112,043,250 | $267,521,492 |
| Iowa | $7,087,000 | $110,458,000 | $263,755,991 |
| Kansas | $10,406,613 | $107,138,387 | $255,873,216 |
| Kentucky | $6,527,500 | $111,017,500 | $265,084,993 |
| Louisiana | $5,595,000 | $111,950,000 | $267,299,992 |
| Maine | $13,334,230 | $104,210,770 | $248,931,086 |
| MarylandIncludes average county tax | $17,828,225 | $99,716,775 | $238,424,723 |
| Massachusetts | $16,741,674 | $100,803,326 | $242,019,772 |
| Michigan | $7,926,250 | $109,618,750 | $261,762,491 |
| Minnesota | $18,364,555 | $99,180,445 | $237,125,341 |
| Mississippi | $7,459,600 | $110,085,400 | $262,881,995 |
| Missouri | $8,765,319 | $108,779,681 | $259,774,412 |
| Montana | $10,536,799 | $107,008,201 | $255,574,031 |
| Nebraska | $8,485,449 | $109,059,551 | $260,442,519 |
| New Hampshire | $0 | $117,545,000 | $280,589,993 |
| New Jersey | $20,015,826 | $97,529,174 | $233,955,229 |
| New Mexico | $11,000,858 | $106,544,142 | $254,532,255 |
| New York | $20,327,628 | $97,217,372 | $234,664,305 |
| New York City | $27,555,933 | $89,989,067 | $217,506,680 |
| North Carolina | $7,441,350 | $110,103,650 | $262,914,291 |
| North Dakota | $4,660,208 | $112,884,792 | $269,583,747 |
| Ohio | $5,128,366 | $112,416,634 | $268,419,024 |
| Oklahoma | $8,392,285 | $109,152,715 | $260,661,437 |
| Oregon | $18,461,744 | $99,083,256 | $236,785,687 |
| Pennsylvania | $5,725,550 | $111,819,450 | $266,989,896 |
| Rhode Island | $11,168,218 | $106,376,782 | $254,148,268 |
| South Carolina | $11,189,344 | $106,355,656 | $254,029,677 |
| South Dakota | $0 | $117,545,000 | $280,589,993 |
| Tennessee | $0 | $117,545,000 | $280,589,993 |
| Texas | $0 | $117,545,000 | $280,589,993 |
| Vermont | $16,313,076 | $101,231,924 | $241,997,712 |
| Virginia | $10,723,493 | $106,821,507 | $255,125,217 |
| Washington | $0 | $117,545,000 | $280,589,993 |
| West Virginia | $8,988,462 | $108,556,538 | $259,262,547 |
| Wisconsin | $14,258,828 | $103,286,172 | $246,953,169 |
| Wyoming | $0 | $117,545,000 | $280,589,993 |
Single filer living in the state, no other income, 2026 federal and state rates. Federal tax on the Mega Millions cash value is the same everywhere: about $68,955,000. Maryland includes the average county income tax; other county and city taxes outside New York City are not included. Choose your state and filing status in the Mega Millions calculator above, or compare rates in lottery tax by state.
Cite this table
Source: Jackpot Calculator, Mega Millions payout by state (estimate published October 23, 2026).
Recent Mega Millions jackpots
We record the advertised Mega Millions jackpot and cash value before every drawing, starting Oct 1, 2026. When the next Mega Millions jackpot is smaller than the one before it, that drawing's jackpot was won.
| Drawing | Jackpot (annuity) | Cash value | Result |
|---|---|---|---|
| Oct 27, 2026 | $443 Million | $186.5 Million | Upcoming |
| Oct 23, 2026 | $433 Million | $178.6 Million | Rolled over |
| Oct 20, 2026 | $413 Million | $170.3 Million | Rolled over |
| Oct 16, 2026 | $403 Million | $162.1 Million | Rolled over |
| Oct 13, 2026 | $385 Million | $154.8 Million | Rolled over |
| Oct 9, 2026 | $364 Million | $147.3 Million | Rolled over |
| Oct 6, 2026 | $345 Million | $139.6 Million | Rolled over |
| Oct 2, 2026 | $321 Million | $131.1 Million | Rolled over |
Figures are the New York Lottery's published estimates for each drawing, recorded once a day. For the biggest Mega Millions jackpots ever won and what each winner would keep after taxes, see the largest Powerball and Mega Millions jackpots.
Common questions
How are Mega Millions annuity payments made?
As 30 payments over 29 years: one when you claim, then one a year, each 5% larger than the last. For the current $443 Million jackpot that means $6,667,786 at first, rising to $27,445,510, with each payment taxed in the year it arrives.
How much is withheld when you claim a Mega Millions jackpot?
The lottery withholds 24% for federal tax from the prize minus the $5 ticket price, plus state tax in most states. For the current cash value that is $44,759,999 federal, but the final federal bill at the 37% bracket is about $68,955,000.
How much is the Mega Millions second prize after taxes?
It depends on the multiplier printed on the ticket: $2,000,000 at 2X up to $10,000,000 at 10X. At 2X the lottery withholds about $479,999 when you claim, and a single filer already earning $60,000 would owe about $707,180 in federal tax in total, keeping about $1,292,820 before state tax.