TaxesThe 24 percent withholding is not your tax bill
A jackpot puts you in the top federal bracket. The 24 percent taken at the counter is a down payment, not the tax, and the gap runs to tens of millions.
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Current jackpot$261,000,000cash value $110,500,000 (42.3%)
Next draw Tuesday, Sep 22
Play smart. Know the numbers.
Mega Millions blog
Guides, explainers and rule changes, so you understand what a Mega Millions jackpot is actually worth before you make a decision about it.
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TaxesA jackpot puts you in the top federal bracket. The 24 percent taken at the counter is a down payment, not the tax, and the gap runs to tens of millions.
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State TaxesThe same ticket is worth tens of millions more in one state than another. These are the states that take nothing, and the ones that take the most.
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Use the free Mega Millions Calculator to estimate your winnings after taxes in seconds.