Mega Millions jackpot climbs to $825 million—how much you'd take home after taxes in every U.S. state
Dec 19, 2024
The Mega Millions jackpot prize has grown to $825 million ahead of Friday night’s draw — the seventh-largest sum in the game’s history.
To win the jackpot, you’ll need to match numbers with all five white balls, plus the gold Mega Ball.
But the amount you’d actually take home depends on the tax laws in your state and your chosen payout option.
Winners have two payout options: a 30-year annuity that pays the full jackpot amount or a one-time cash lump sum worth about 46% of the total. While the lump sum is smaller, many winners choose it to receive a large amount upfront, which they can invest right away.
Then there’s federal and state taxes to consider. The Internal Revenue Service automatically withholds 24% of your winnings, but with a jackpot this size, you’ll likely owe a total of 37% when you file your tax return since it would push you into the highest tax bracket.
State taxes vary, ranging from 2.5% to 10.9%, unless you’re in one of the eight states that doesn’t tax lottery winnings — California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. And five states — Alabama, Alaska, Hawaii, Nevada and Utah — don’t participate in the Mega Millions lottery at all.
The next draw is Friday at 11 p.m. ET. If there’s no winner, the jackpot will roll over and the next drawing will take place on Tuesday at 11 p.m. ET.
Here’s a breakdown of the lump sum and annuity payouts in every state, as well as Washington, D.C., for those lucky enough to beat the 1 in 302.5 million odds. The prize amounts for both lump sum and annuity amounts are calculated by usamega.com.
Arizona
Lump sum: $231,272,812 Annuity: $500,379,360
Arkansas
Lump sum: $225,922,012 Annuity: $488,829,360
California
Lump sum: $240,827,812 Annuity: $521,004,360
Colorado
Lump sum: $224,011,012 Annuity: $484,704,360
Connecticut
Lump sum: $214,112,032 Annuity: $463,336,860
Delaware
Lump sum: $215,602,612 Annuity: $466,554,360
Florida
Lump sum: $240,827,812 Annuity: $521,004,360
Georgia
Lump sum: $219,845,032 Annuity: $475,711,860
Idaho
Lump sum: $219,061,522 Annuity: $474,020,610
Illinois
Lump sum: $221,908,912 Annuity: $480,166,860
Indiana
Lump sum: $229,170,712 Annuity: $495,841,860
Iowa
Lump sum: $219,042,412 Annuity: $473,979,360
Kansas
Lump sum: $219,042,412 Annuity: $473,979,360
Kentucky
Lump sum: $225,539,812 Annuity: $488,004,360
Louisiana
Lump sum: $222,673,312 Annuity: $481,816,860
Maine
Lump sum: $213,500,512 Annuity: $462,016,860
Maryland
Lump sum: $206,620,912 Annuity: $447,166,860
Massachusetts
Lump sum: $206,429,812 Annuity: $446,754,360
Michigan
Lump sum: $224,584,312 Annuity: $485,941,860
Minnesota
Lump sum: $203,181,112 Annuity: $439,741,860
Mississippi
Lump sum: $222,864,412 Annuity: $482,229,360
Missouri
Lump sum: $221,908,912 Annuity: $480,166,860
Montana
Lump sum: $218,278,012 Annuity: $472,329,360
Nebraska
Lump sum: $218,507,332 Annuity: $472,824,360
New Hampshire
Lump sum: $240,827,812 Annuity: $521,004,360
New Jersey
Lump sum: $199,741,312 Annuity: $432,316,860
New Mexico
Lump sum: $218,278,012 Annuity: $472,329,360
New York
Lump sum: $199,168,012 Annuity: $431,079,360
North Carolina
Lump sum: $223,628,812 Annuity: $483,879,360
North Dakota
Lump sum: $229,744,012 Annuity: $497,079,360
Ohio
Lump sum: $227,450,812 Annuity: $492,129,360
Oklahoma
Lump sum: $222,673,312 Annuity: $481,816,860
Oregon
Lump sum: $202,990,012 Annuity: $439,329,360
Pennsylvania
Lump sum: $229,094,272 Annuity: $495,676,860
Rhode Island
Lump sum: $217,934,032 Annuity: $471,586,860
South Carolina
Lump sum: $216,367,012 Annuity: $468,204,360
South Dakota
Lump sum: $240,827,812 Annuity: $521,004,360
Tennessee
Lump sum: $240,827,812 Annuity: $521,004,360
Texas
Lump sum: $240,827,812 Annuity: $521,004,360
Vermont
Lump sum: $207,385,312 Annuity: $448,816,860
Virginia
Lump sum: $218,851,312 Annuity: $473,566,860
Washington
Lump sum: $240,827,812 Annuity: $521,004,360
Washington, D.C.
Lump sum: $199,741,312 Annuity: $432,316,860
West Virginia
Lump sum: $215,984,812 Annuity: $467,379,360
Wisconsin
Lump sum: $211,589,512 Annuity: $457,891,860
Wyoming
Lump sum: $240,827,812 Annuity: $521,004,360
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