Current National Jackpots
Mega Millions After-Tax Calculator
Calculate your estimated take-home winnings for Mega Millions after federal, state, and local taxes.
Current Jackpot
$177.0M
Cash Value
$76.3M
Next Drawing
Sat, May 2
Lottery After-Tax Calculator
Estimate your real take-home prize
Lottery tax calculations are estimates only and may not reflect your final tax liability. This website does not provide legal, tax, financial, or investment advice. Always consult a qualified CPA, lottery attorney, estate attorney, and fiduciary financial advisor before claiming a prize.
Understanding Mega Millions Taxes
When you win the Mega Millions jackpot, the IRS requires an immediate federal withholding of 24% before you receive your check. However, since lottery winnings are taxed as ordinary income, most jackpot winners fall into the highest federal tax bracket of 37%. This means you may owe additional federal taxes when you file your annual tax return.
State taxes add another layer. Some states like California, Florida, and Texas don't tax lottery winnings at all, while states like New York can charge over 10% when combined with city taxes. The state where you purchased the ticket determines which state tax rate applies.
Mega Millions Details
Drawing Schedule
Tuesday, Friday
Jackpot Odds
1 in 302,575,350
Last Winning Numbers
01 22 51 61 63 MB: 17
Official Source
Visit Official Site