Take-Home Jackpot

$90 Million Mega Millions after taxes

$90 Million Mega Millions jackpot, cash option about $37.2 million. Single filer.

You keep about

$23.5 million in cash where there is no state income tax

Twenty-three million five hundred six thousand seven hundred ninety and 00/100 dollars

From $18 million in New York City to $23.5 million in Alaska, California, Florida, Nevada and 6 more.

Hypothetical jackpot. Cash value estimated from the current official Mega Millions cash-to-jackpot ratio (41.4%, as of Sep 26, 2026). Tax rules for 2026.

Cash option, from advertised jackpot to what you keep
Advertised jackpotSum of 30 annuity payments$90,000,000
Cash optionEstimated at 41.4% of the jackpot, the current official ratio$37,233,000
Federal tax withheld at claim24% of the prize−$8,935,920
Federal tax still owed at filingTop bracket is 37%−$4,790,290
Texas state taxNo state income tax$0
You keep26.1% of the advertised jackpot$23,506,790

All 50 states and DC

Single filer, ticket bought in the state you live in. Sort by clicking a column name.
State Cash kept Annuity kept State tax
Alabama* State tax: 5% $21.6 million $53.7 million 5%
Alaska* State tax: none $23.5 million $58.2 million none
Arizona State tax: 2.5% $22.6 million $55.9 million 2.5%
Arkansas State tax: 3.7% $22.1 million $54.9 million 3.7%
California State tax: exempt $23.5 million $58.2 million exempt
Colorado State tax: 4.4% $21.9 million $54.2 million 4.4%
Connecticut State tax: 6.99% $20.9 million $51.9 million 6.99%
Delaware State tax: 6.6% $21 million $52.3 million 6.6%
District of Columbia State tax: 10.75% $19.5 million $48.5 million 10.75%
Florida State tax: none $23.5 million $58.2 million none
Georgia State tax: 4.99% $21.6 million $53.7 million 4.99%
Hawaii* State tax: 11% $19.4 million $48.3 million 11%
Idaho State tax: 5.3% $21.5 million $53.4 million 5.3%
Illinois State tax: 4.95% $21.7 million $53.7 million 4.95%
Indiana State tax: 2.95% $22.4 million $55.5 million 2.95%
Iowa State tax: 3.8% $22.1 million $54.8 million 3.8%
Kansas State tax: 5.58% $21.4 million $53.2 million 5.58%
Kentucky State tax: 3.5% $22.2 million $55 million 3.5%
Louisiana State tax: 3% $22.4 million $55.5 million 3%
Maine State tax: 9.15% $20.1 million $50 million 9.15%
Maryland State tax: 6.5% $21.1 million $52.3 million 6.5%
Massachusetts State tax: 9% $20.2 million $50.1 million 9%
Michigan State tax: 4.25% $21.9 million $54.4 million 4.25%
Minnesota State tax: 9.85% $19.8 million $49.3 million 9.85%
Mississippi State tax: 4% $22 million $54.6 million 4%
Missouri State tax: 4.7% $21.8 million $54 million 4.7%
Montana State tax: 5.65% $21.4 million $53.1 million 5.65%
Nebraska State tax: 4.55% $21.8 million $54.1 million 4.55%
Nevada* State tax: none $23.5 million $58.2 million none
New Hampshire State tax: none $23.5 million $58.2 million none
New Jersey State tax: 10.75% $19.5 million $48.5 million 10.75%
New Mexico State tax: 5.9% $21.3 million $52.9 million 5.9%
New York State tax: 10.9% $19.4 million $48.4 million 10.9%
New York City State tax: 14.776% $18 million $44.9 million 14.776%
Yonkers State tax: 12.726% $18.8 million $46.7 million 12.726%
North Carolina State tax: 3.99% $22 million $54.6 million 3.99%
North Dakota State tax: 2.5% $22.6 million $55.9 million 2.5%
Ohio State tax: 2.75% $22.5 million $55.7 million 2.75%
Oklahoma State tax: 4.5% $21.8 million $54.1 million 4.5%
Oregon State tax: 9.9% $19.8 million $49.3 million 9.9%
Pennsylvania State tax: 3.07% $22.4 million $55.4 million 3.07%
Rhode Island State tax: 5.99% $21.3 million $52.8 million 5.99%
South Carolina State tax: 5.21% $21.6 million $53.5 million 5.21%
South Dakota State tax: none $23.5 million $58.2 million none
Tennessee State tax: none $23.5 million $58.2 million none
Texas State tax: none $23.5 million $58.2 million none
Utah* State tax: 4.45% $21.8 million $54.2 million 4.45%
Vermont State tax: 8.75% $20.2 million $50.3 million 8.75%
Virginia State tax: 5.75% $21.4 million $53 million 5.75%
Washington State tax: none $23.5 million $58.2 million none
West Virginia State tax: 4.58% $21.8 million $54.1 million 4.58%
Wisconsin State tax: 7.65% $20.7 million $51.3 million 7.65%
Wyoming State tax: none $23.5 million $58.2 million none

* No state lottery; residents who win with a ticket bought elsewhere still owe their home state's income tax, and the state where the ticket was bought may tax it first. Local rows (New York City, Yonkers) include state and city tax.

Lump sum or annuity

Lump sum and annuity after tax in a state with no income tax
Cash optionAnnuity (30 payments)
Before tax$37,233,000$90,000,000
Total tax−$13,726,210−$31,800,008
You keep$23,506,790$58,199,993
In today's dollarsannuity discounted at 3% a year$23,506,790$35,316,778
When you get itAll at once$903,416 now, then yearly up to $3.6 million

The annuity keeps $34.7 million more after tax in total but pays it over 29 years; the cash would need to earn 5.87% a year after tax to fund the same payments. How to think about the choice.

30 annuity payments from $903,416 to $3.6 million after tax
30 annual payments, taxed in the year received (2026 brackets assumed every year)
PaymentYearBefore taxFederalStateAfter tax
12026$1,354,629−$451,213$0$903,416
22027$1,422,361−$476,274$0$946,087
32028$1,493,479−$502,587$0$990,891
42029$1,568,153−$530,217$0$1,037,936
52030$1,646,560−$559,228$0$1,087,333
62031$1,728,888−$589,689$0$1,139,199
72032$1,815,333−$621,673$0$1,193,659
82033$1,906,099−$655,257$0$1,250,842
92034$2,001,404−$690,520$0$1,310,884
102035$2,101,474−$727,546$0$1,373,929
112036$2,206,548−$766,423$0$1,440,125
122037$2,316,876−$807,244$0$1,509,631
132038$2,432,719−$850,106$0$1,582,613
142039$2,554,355−$895,112$0$1,659,244
152040$2,682,073−$942,367$0$1,739,706
162041$2,816,177−$991,986$0$1,824,191
172042$2,956,986−$1,044,085$0$1,912,901
182043$3,104,835−$1,098,789$0$2,006,046
192044$3,260,077−$1,156,229$0$2,103,848
202045$3,423,080−$1,216,540$0$2,206,540
212046$3,594,234−$1,279,867$0$2,314,367
222047$3,773,946−$1,346,360$0$2,427,586
232048$3,962,643−$1,416,178$0$2,546,465
242049$4,160,776−$1,489,487$0$2,671,288
252050$4,368,814−$1,566,462$0$2,802,353
262051$4,587,255−$1,647,285$0$2,939,970
272052$4,816,618−$1,732,149$0$3,084,469
282053$5,057,449−$1,821,256$0$3,236,192
292054$5,310,321−$1,914,819$0$3,395,502
302055$5,575,837−$2,013,060$0$3,562,777
Total$90,000,000−$31,800,008$0$58,199,993

Questions

How much is a $90 million Mega Millions after taxes?

About $23.5 million in cash in a state with no income tax, down to $18 million in New York City. The cash option is about $37.2 million (estimated with the current cash-to-jackpot ratio of 41.4%) before taxes.

What is the cash value of a $90 million Mega Millions jackpot?

About $37.2 million. The advertised $90 million is the sum of 30 annuity payments; the cash option is the money actually in the jackpot pool, which is why it is smaller.

How much is the $90 million Mega Millions annuity per year after taxes?

The first payment is about $1.4 million before taxes and $903,416 after federal tax, rising 5% a year to $3.6 million after tax in year 30 (before any state tax).

How much federal tax do you pay on a $90 million Mega Millions jackpot?

About $13.7 million on the cash option: $8.9 million withheld at claim (24%) and about $4.8 million more when you file, because the top bracket is 37%.

Which state is best to win a $90 million Mega Millions jackpot in?

You keep the most, $23.5 million in cash, in Alaska, California, Florida, Nevada, New Hampshire, South Dakota and 4 more. You keep the least in New York City.

Nearby amounts

Current jackpot by state

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

Figures are estimates for planning, not tax or legal advice. How they are calculated: methodology. Read the disclaimer.