Mega Millions
Latest draw · Friday, October 2, 2026
Mega Millions Tax Calculator
See what you'd really take home from a Mega Millions prize after federal and Virginia state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $277,000,000
- Federal tax
- − $102,448,188
- State tax (Virginia · 5.75%)
- − $15,927,500
- Net take-home
- $158,624,312
Estimate only — uses single-filer federal brackets and Virginia's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Mega Millions take-home by state
What you'd keep from a $277,000,000 Mega Millions prize (lump sum) after federal + state tax, ranked best to worst. Change the amount or payout above to update.
| State | Take-home | Effective tax |
|---|---|---|
| Alaskano state tax | $174,551,812 | 37% |
| Californiano state tax | $174,551,812 | 37% |
| Floridano state tax | $174,551,812 | 37% |
| New Hampshireno state tax | $174,551,812 | 37% |
| South Dakotano state tax | $174,551,812 | 37% |
| Tennesseeno state tax | $174,551,812 | 37% |
| Texasno state tax | $174,551,812 | 37% |
| Washingtonno state tax | $174,551,812 | 37% |
| Wyomingno state tax | $174,551,812 | 37% |
| Arizona | $167,626,812 | 39% |
| North Dakota | $167,626,812 | 39% |
| Pennsylvania | $166,047,912 | 40% |
| Indiana | $165,826,312 | 40% |
| Ohio | $164,856,812 | 40% |
| Kentucky | $163,471,812 | 41% |
| Louisiana | $162,779,312 | 41% |
| Michigan | $162,779,312 | 41% |
| Arkansas | $162,363,812 | 41% |
| Colorado | $162,363,812 | 41% |
| North Carolina | $162,086,812 | 41% |
| Utah | $161,671,312 | 42% |
| Oklahoma | $161,394,312 | 42% |
| Missouri | $161,255,812 | 42% |
| Illinois | $160,840,312 | 42% |
| Alabama | $160,701,812 | 42% |
| Massachusetts | $160,701,812 | 42% |
| Mississippi | $160,701,812 | 42% |
| West Virginia | $160,369,412 | 42% |
| Georgia | $159,344,512 | 42% |
| Kansas | $158,762,812 | 43% |
| Maryland | $158,624,312 | 43% |
| Virginia(this game) | $158,624,312 | 43% |
| Idaho | $158,485,812 | 43% |
| Nebraska | $158,375,012 | 43% |
| Montana | $158,208,812 | 43% |
| New Mexico | $158,208,812 | 43% |
| Rhode Island | $157,959,512 | 43% |
| Iowa | $157,931,812 | 43% |
| South Carolina | $156,823,812 | 43% |
| Delaware | $156,269,812 | 44% |
| Connecticut | $155,189,512 | 44% |
| Maine | $154,746,312 | 44% |
| Wisconsin | $153,361,312 | 45% |
| Vermont | $150,314,312 | 46% |
| Minnesota | $147,267,312 | 47% |
| Oregon | $147,128,812 | 47% |
| District of Columbia | $144,774,312 | 48% |
| New Jersey | $144,774,312 | 48% |
| New York | $144,358,812 | 48% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Mega Millions tax FAQ
How much tax do you pay on a Mega Millions jackpot in Virginia?
On a $277,000,000 Mega Millions jackpot taken as a lump sum, you'd pay about $102,448,188 in federal tax and $15,927,500 in Virginia state tax, leaving roughly $158,624,312.
Does Virginia tax Mega Millions lottery winnings?
Yes — Virginia withholds about 5.75% in state tax on Mega Millions winnings, on top of federal tax.
Should I take the Mega Millions lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.