Current jackpot$261,000,000cash value $110,500,000 (42.3%)

Next draw Tuesday, Sep 22

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Tax info

Mega Millions tax by state

The same ticket is worth very different amounts depending on where it was bought. On the current $261,000,000 jackpot the gap between the best state and the worst is $12,155,000 on the cash option alone.

  • Best

    Alaska

    $69,665,000

  • Worst

    Hawaii

    $57,510,000

  • Federal, everywhere

    37%

    plus 24% withheld up front

Every state, worked at $261,000,000

Take home after federal tax at the full 37% and the state's own rate, on the $110,500,000 cash option and on the thirty year annuity. Sorted by what the cash option leaves you.

StateState rateLump sum take homeAnnuity take homeEffective rate
Alaskano state lottery0%$69,665,000$165,929,99337.0%
California0%$69,665,000$165,929,99337.0%
Florida0%$69,665,000$165,929,99337.0%
Nevadano state lottery0%$69,665,000$165,929,99337.0%
New Hampshire0%$69,665,000$165,929,99337.0%
South Dakota0%$69,665,000$165,929,99337.0%
Tennessee0%$69,665,000$165,929,99337.0%
Texas0%$69,665,000$165,929,99337.0%
Washington0%$69,665,000$165,929,99337.0%
Wyoming0%$69,665,000$165,929,99337.0%
Arizona2.5%$66,902,500$159,404,99339.5%
North Dakota2.5%$66,902,500$159,404,99339.5%
Pennsylvania3.07%$66,272,650$157,917,29340.0%
Indiana3.15%$66,184,250$157,708,49340.1%
Ohio3.5%$65,797,500$156,794,99340.5%
Iowa3.8%$65,466,000$156,011,99340.8%
Kentucky4%$65,245,000$155,489,99341.0%
Mississippi4%$65,245,000$155,489,99341.0%
Louisiana4.25%$64,968,750$154,837,49341.2%
Michigan4.25%$64,968,750$154,837,49341.2%
North Carolina4.25%$64,968,750$154,837,49341.2%
Arkansas4.4%$64,803,000$154,445,99341.4%
Colorado4.4%$64,803,000$154,445,99341.4%
Utahno state lottery4.65%$64,526,750$153,793,49241.6%
Oklahoma4.75%$64,416,250$153,532,49241.7%
Missouri4.8%$64,361,000$153,401,99341.8%
West Virginia4.82%$64,338,900$153,349,79341.8%
Illinois4.95%$64,195,250$153,010,49241.9%
Georgia4.99%$64,151,050$152,906,09341.9%
Alabamano state lottery5%$64,140,000$152,879,99342.0%
Massachusetts5%$64,140,000$152,879,99342.0%
Kansas5.2%$63,919,000$152,357,99342.2%
Nebraska5.2%$63,919,000$152,357,99342.2%
South Carolina5.21%$63,907,950$152,331,89342.2%
Virginia5.75%$63,311,250$150,922,49242.7%
Idaho5.8%$63,256,000$150,791,99342.8%
Montana5.9%$63,145,500$150,530,99342.9%
New Mexico5.9%$63,145,500$150,530,99342.9%
Rhode Island5.99%$63,046,050$150,296,09342.9%
Delaware6.6%$62,372,000$148,703,99343.6%
Connecticut6.99%$61,941,050$147,686,09343.9%
Maine7.15%$61,764,250$147,268,49344.1%
Wisconsin7.65%$61,211,750$145,963,49344.6%
Maryland8.75%$59,996,250$143,092,49345.7%
Vermont8.75%$59,996,250$143,092,49345.7%
Minnesota9.85%$58,780,750$140,221,49346.8%
Oregon9.9%$58,725,500$140,090,99346.9%
District of Columbia10.75%$57,786,250$137,872,49347.7%
New Jersey10.75%$57,786,250$137,872,49347.7%
New York10.9%plus 3.876% in New York City$57,620,500$137,480,99347.9%
Hawaiino state lottery11%$57,510,000$137,219,99348.0%

Where the tax is actually owed

The state that sold the ticket taxes the prize, and your home state taxes your income. Most states credit what you already paid elsewhere so the same money is not taxed twice, but the rates differ and the paperwork is real. If you bought the ticket outside the state you live in, this is the point to bring in a tax professional rather than a calculator.

State rates are compiled from published 2026 guidance and are being checked against each state's own revenue department. Treat them as close rather than final, and confirm your own state before you act on a figure.