Mega Millions calculator: Here's how much you'd win after taxes

Victoria Moorwood, Cincinnati Enquirer
·1 min read

Trying your luck at the Mega Millions jackpot?

If you're a frequent Mega Millions ticketholder, you've probably fantasized about winning the lottery ‒ and wondered how you would spend it. But before deciding that, you'd need to pick your payment option: lump cash sum or annuity.

This calculator can help you make that decision. It calculates how much money you would receive from a lump cash sum or an annuity payout after winning a Mega Millions prize. The tool also calculates your tax liability for each option.

Mega Millions tax calculator

To use it, enter the amount of your Mega Millions winnings, your tax filing status and state of residence.

Mega Millions Payout Calculator

Omni
Omni

Mega Millions drawings are every Tuesday and Friday at 11 p.m. ET. Tickets are sold in 45 states, plus the District of Columbia and the U.S. Virgin Islands.

This article originally appeared on Cincinnati Enquirer: Mega Millions taxes calculator: Here's how much you really get