$800 million Mega Millions jackpot after taxes
$800 million Mega Millions jackpot, drawn July 28, 2026, won in Florida.
The winner would keep about
$216.9 million in cash in Florida under 2026 rules
Two hundred sixteen million eight hundred ninety-six thousand and 00/100 dollars
| Item | Amount | Share of jackpot |
|---|---|---|
| Advertised jackpotSum of 30 annuity payments | $800,000,000 | |
| Cash optionOfficial cash value | $344,200,000 | |
| Federal tax withheld at claim24% of the prize | −$82,608,000 | |
| Federal tax still owed at filingTop bracket is 37% | −$44,696,000 | |
| Florida state taxNo state income tax | $0 | |
| You keep27.1% of the advertised jackpot | $216,896,000 |
Then and now
| Winning state | Tax rules at the time | 2026 rules |
|---|---|---|
| Florida | $216.8 million37% federal, no personal income tax | $216.9 million |
"At the time" applies the top federal rate and the winning state's top rate in the year of the drawing to the cash value, where both are sourced. 2026 figures use the full calculation described in the methodology.
Ticket sold at a Wawa in Bradenton, Florida. 10th-largest Mega Millions jackpot and the third Mega Millions jackpot of 2026. Probably ranks in the low-to-mid 20s overall; not verified.
Annuity under today's rules
30 payments from $7.6 million to $31.3 million after tax
| Payment | Year | Before tax | Federal | State | After tax |
|---|---|---|---|---|---|
| 1 | 2026 | $12,041,148 | −$4,405,225 | $0 | $7,635,923 |
| 2 | 2027 | $12,643,205 | −$4,627,986 | $0 | $8,015,219 |
| 3 | 2028 | $13,275,366 | −$4,861,886 | $0 | $8,413,480 |
| 4 | 2029 | $13,939,134 | −$5,107,480 | $0 | $8,831,654 |
| 5 | 2030 | $14,636,091 | −$5,365,354 | $0 | $9,270,737 |
| 6 | 2031 | $15,367,895 | −$5,636,121 | $0 | $9,731,774 |
| 7 | 2032 | $16,136,290 | −$5,920,428 | $0 | $10,215,862 |
| 8 | 2033 | $16,943,105 | −$6,218,949 | $0 | $10,724,156 |
| 9 | 2034 | $17,790,260 | −$6,532,396 | $0 | $11,257,863 |
| 10 | 2035 | $18,679,773 | −$6,861,516 | $0 | $11,818,257 |
| 11 | 2036 | $19,613,761 | −$7,207,092 | $0 | $12,406,669 |
| 12 | 2037 | $20,594,449 | −$7,569,947 | $0 | $13,024,503 |
| 13 | 2038 | $21,624,172 | −$7,950,944 | $0 | $13,673,228 |
| 14 | 2039 | $22,705,381 | −$8,350,991 | $0 | $14,354,389 |
| 15 | 2040 | $23,840,650 | −$8,771,041 | $0 | $15,069,609 |
| 16 | 2041 | $25,032,682 | −$9,212,093 | $0 | $15,820,589 |
| 17 | 2042 | $26,284,316 | −$9,675,197 | $0 | $16,609,119 |
| 18 | 2043 | $27,598,532 | −$10,161,457 | $0 | $17,437,075 |
| 19 | 2044 | $28,978,459 | −$10,672,030 | $0 | $18,306,429 |
| 20 | 2045 | $30,427,381 | −$11,208,131 | $0 | $19,219,250 |
| 21 | 2046 | $31,948,751 | −$11,771,038 | $0 | $20,177,713 |
| 22 | 2047 | $33,546,188 | −$12,362,090 | $0 | $21,184,098 |
| 23 | 2048 | $35,223,497 | −$12,982,694 | $0 | $22,240,803 |
| 24 | 2049 | $36,984,672 | −$13,634,329 | $0 | $23,350,343 |
| 25 | 2050 | $38,833,906 | −$14,318,545 | $0 | $24,515,360 |
| 26 | 2051 | $40,775,601 | −$15,036,973 | $0 | $25,738,629 |
| 27 | 2052 | $42,814,381 | −$15,791,321 | $0 | $27,023,060 |
| 28 | 2053 | $44,955,100 | −$16,583,387 | $0 | $28,371,713 |
| 29 | 2054 | $47,202,855 | −$17,415,057 | $0 | $29,787,799 |
| 30 | 2055 | $49,562,998 | −$18,288,310 | $0 | $31,274,689 |
| Total | $800,000,000 | −$294,500,008 | $0 | $505,499,993 | |
Questions
How much did the $800 million Mega Millions winner take home?
The cash value was $344.2 million. Under 2026 rules a single winner in Florida would keep about $216.9 million after federal and state taxes.
Where was the $800 million Mega Millions ticket sold?
Florida.
These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).
Sources for this page
- Third Mega Millions Jackpot of 2026 Goes to Florida (megamillions.com) (checked Sep 26, 2026)
- Winning $800M Mega Millions jackpot ticket sold in Florida (News4JAX) (checked Sep 26, 2026)
- Mega Millions ticket holder in Florida wins massive $800 million jackpot (CBS Miami) (checked Sep 26, 2026)
- IRS: 2026 inflation adjustments (Rev. Proc. 2025-32) (checked Sep 26, 2026)
- IRS Publication 505: withholding on gambling winnings (checked Sep 26, 2026)
Figures are estimates for planning, not tax or legal advice. How they are calculated: methodology. Read the disclaimer.