Taxes

Everything on Mega Millions Calculator about taxes, in one place.

Articles

• Why the Mega Millions cash option is smaller than you think

  Nearly every guide says the cash option is 50 to 60 percent of the advertised jackpot. In September 2026 it was 42.4 percent. Here is why the old rule of thumb is now wrong.

• The 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.