Lotto America Jackpot Payout After Taxes
Next draw: Saturday, July 18, 2026
The current $34.1M Lotto America jackpot works out to roughly $8.7M in your pocket after federal and average state taxes if you take the lump sum.
Lotto America Jackpot Analysis
This page breaks down the current Mega Millions jackpot: estimated take-home pay after federal and state taxes, the full 26-payment annuity schedule, expected value per ticket, and a comparison of the lump sum vs. annuity options. Data is updated after each draw.
Advertised Jackpot (Annuity)
$34.1M
Cash Option
$15.2M
Cash After Federal Tax
$9.5M
Top 37% rate, before state tax
Ticket Price
$1
Implied Discount Rate
Implied Rate
5.12%
30-Year Treasury
5.05%
7/9/2026
Spread
0.07%
7 bps
This is the annual return rate built into the annuity option. When the spread over 30-year Treasuries is narrow, the cash option may be comparatively attractive on a time-value basis. This is not investment advice.
Expected Value per Ticket
EV (Pre-Tax, Cash Option)
$-0.15
per $1 ticket
This is the pre-tax expected value based on the cash option before any federal or state taxes. After-tax EV varies by state - select a state below to see your estimated after-tax EV and full annuity schedule.
Estimated break-even cash jackpot: $32.8M
Lotto America Payout by State
Estimated take-home for all 50 states + DC + Puerto Rico. Click any state for the full 30-year annuity schedule, after-tax EV, and detailed payment table.
Lotto America Jackpot - Sat, Jul 18, 2026
Annuity
Cash
Gross Prize
$34.1M
$15.2M
Federal (37% est.)
-$12.6M
-$5.6M
Subtotal (before state tax)
$21.5M
$9.5M
- State Tax:
Alabama5.00% state tax
Annuity (30 years)
State tax/year:-$56,867
State tax total:-$1.7M
Net/year (avg):$659,653
After 30 payments:$19.8M
Cash (lump sum)
State tax:-$757,500
Your net payout:$8.8M
AlaskaNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
Arizona2.50% state tax
Annuity (30 years)
State tax/year:-$28,433
State tax total:-$853,000
Net/year (avg):$688,087
After 30 payments:$20.6M
Cash (lump sum)
State tax:-$378,750
Your net payout:$9.2M
Arkansas3.90% state tax
Annuity (30 years)
State tax/year:-$44,356
State tax total:-$1.3M
Net/year (avg):$672,164
After 30 payments:$20.2M
Cash (lump sum)
State tax:-$590,850
Your net payout:$9.0M
CaliforniaNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
Colorado4.40% state tax
Annuity (30 years)
State tax/year:-$50,043
State tax total:-$1.5M
Net/year (avg):$666,477
After 30 payments:$20.0M
Cash (lump sum)
State tax:-$666,600
Your net payout:$8.9M
Connecticut6.99% state tax
Annuity (30 years)
State tax/year:-$79,500
State tax total:-$2.4M
Net/year (avg):$637,020
After 30 payments:$19.1M
Cash (lump sum)
State tax:-$1.1M
Your net payout:$8.5M
Delaware6.60% state tax
Annuity (30 years)
State tax/year:-$75,064
State tax total:-$2.3M
Net/year (avg):$641,456
After 30 payments:$19.2M
Cash (lump sum)
State tax:-$999,900
Your net payout:$8.5M
District of Columbia10.75% state tax
Annuity (30 years)
State tax/year:-$122,263
State tax total:-$3.7M
Net/year (avg):$594,257
After 30 payments:$17.8M
Cash (lump sum)
State tax:-$1.6M
Your net payout:$7.9M
FloridaNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
Georgia4.99% state tax
Annuity (30 years)
State tax/year:-$56,753
State tax total:-$1.7M
Net/year (avg):$659,767
After 30 payments:$19.8M
Cash (lump sum)
State tax:-$755,985
Your net payout:$8.8M
Hawaii11.00% state tax
Annuity (30 years)
State tax/year:-$125,107
State tax total:-$3.8M
Net/year (avg):$591,413
After 30 payments:$17.7M
Cash (lump sum)
State tax:-$1.7M
Your net payout:$7.9M
Idaho5.30% state tax
Annuity (30 years)
State tax/year:-$60,279
State tax total:-$1.8M
Net/year (avg):$656,241
After 30 payments:$19.7M
Cash (lump sum)
State tax:-$802,950
Your net payout:$8.7M
Illinois4.95% state tax
Annuity (30 years)
State tax/year:-$56,298
State tax total:-$1.7M
Net/year (avg):$660,222
After 30 payments:$19.8M
Cash (lump sum)
State tax:-$749,925
Your net payout:$8.8M
Indiana2.95% state tax
Annuity (30 years)
State tax/year:-$33,551
State tax total:-$1.0M
Net/year (avg):$682,969
After 30 payments:$20.5M
Cash (lump sum)
State tax:-$446,925
Your net payout:$9.1M
Iowa3.80% state tax
Annuity (30 years)
State tax/year:-$43,219
State tax total:-$1.3M
Net/year (avg):$673,301
After 30 payments:$20.2M
Cash (lump sum)
State tax:-$575,700
Your net payout:$9.0M
Kansas5.70% state tax
Annuity (30 years)
State tax/year:-$64,828
State tax total:-$1.9M
Net/year (avg):$651,692
After 30 payments:$19.6M
Cash (lump sum)
State tax:-$863,550
Your net payout:$8.7M
Kentucky3.50% state tax
Annuity (30 years)
State tax/year:-$39,807
State tax total:-$1.2M
Net/year (avg):$676,713
After 30 payments:$20.3M
Cash (lump sum)
State tax:-$530,250
Your net payout:$9.0M
Louisiana3.00% state tax
Annuity (30 years)
State tax/year:-$34,120
State tax total:-$1.0M
Net/year (avg):$682,400
After 30 payments:$20.5M
Cash (lump sum)
State tax:-$454,500
Your net payout:$9.1M
Maine7.15% state tax
Annuity (30 years)
State tax/year:-$81,319
State tax total:-$2.4M
Net/year (avg):$635,201
After 30 payments:$19.1M
Cash (lump sum)
State tax:-$1.1M
Your net payout:$8.5M
Maryland7.75% state tax
Annuity (30 years)
State tax/year:-$88,143
State tax total:-$2.6M
Net/year (avg):$628,377
After 30 payments:$18.9M
Cash (lump sum)
State tax:-$1.2M
Your net payout:$8.4M
Massachusetts9.00% state tax
Annuity (30 years)
State tax/year:-$102,360
State tax total:-$3.1M
Net/year (avg):$614,160
After 30 payments:$18.4M
Cash (lump sum)
State tax:-$1.4M
Your net payout:$8.2M
Michigan4.25% state tax
Annuity (30 years)
State tax/year:-$48,337
State tax total:-$1.5M
Net/year (avg):$668,183
After 30 payments:$20.0M
Cash (lump sum)
State tax:-$643,875
Your net payout:$8.9M
Minnesota9.85% state tax
Annuity (30 years)
State tax/year:-$112,027
State tax total:-$3.4M
Net/year (avg):$604,493
After 30 payments:$18.1M
Cash (lump sum)
State tax:-$1.5M
Your net payout:$8.1M
Mississippi4.00% state tax
Annuity (30 years)
State tax/year:-$45,493
State tax total:-$1.4M
Net/year (avg):$671,027
After 30 payments:$20.1M
Cash (lump sum)
State tax:-$606,000
Your net payout:$8.9M
Missouri4.70% state tax
Annuity (30 years)
State tax/year:-$53,455
State tax total:-$1.6M
Net/year (avg):$663,065
After 30 payments:$19.9M
Cash (lump sum)
State tax:-$712,050
Your net payout:$8.8M
Montana5.65% state tax
Annuity (30 years)
State tax/year:-$64,259
State tax total:-$1.9M
Net/year (avg):$652,261
After 30 payments:$19.6M
Cash (lump sum)
State tax:-$855,975
Your net payout:$8.7M
Nebraska4.55% state tax
Annuity (30 years)
State tax/year:-$51,749
State tax total:-$1.6M
Net/year (avg):$664,771
After 30 payments:$19.9M
Cash (lump sum)
State tax:-$689,325
Your net payout:$8.9M
NevadaNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
New HampshireNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
New Jersey10.75% state tax
Annuity (30 years)
State tax/year:-$122,263
State tax total:-$3.7M
Net/year (avg):$594,257
After 30 payments:$17.8M
Cash (lump sum)
State tax:-$1.6M
Your net payout:$7.9M
New Mexico5.90% state tax
Annuity (30 years)
State tax/year:-$67,103
State tax total:-$2.0M
Net/year (avg):$649,417
After 30 payments:$19.5M
Cash (lump sum)
State tax:-$893,850
Your net payout:$8.7M
New York10.90% state tax
Annuity (30 years)
State tax/year:-$123,969
State tax total:-$3.7M
Net/year (avg):$592,551
After 30 payments:$17.8M
Cash (lump sum)
State tax:-$1.7M
Your net payout:$7.9M
North Carolina3.99% state tax
Annuity (30 years)
State tax/year:-$45,380
State tax total:-$1.4M
Net/year (avg):$671,140
After 30 payments:$20.1M
Cash (lump sum)
State tax:-$604,485
Your net payout:$8.9M
North Dakota2.50% state tax
Annuity (30 years)
State tax/year:-$28,433
State tax total:-$853,000
Net/year (avg):$688,087
After 30 payments:$20.6M
Cash (lump sum)
State tax:-$378,750
Your net payout:$9.2M
Ohio2.75% state tax
Annuity (30 years)
State tax/year:-$31,277
State tax total:-$938,300
Net/year (avg):$685,243
After 30 payments:$20.6M
Cash (lump sum)
State tax:-$416,625
Your net payout:$9.1M
Oklahoma4.50% state tax
Annuity (30 years)
State tax/year:-$51,180
State tax total:-$1.5M
Net/year (avg):$665,340
After 30 payments:$20.0M
Cash (lump sum)
State tax:-$681,750
Your net payout:$8.9M
Oregon9.90% state tax
Annuity (30 years)
State tax/year:-$112,596
State tax total:-$3.4M
Net/year (avg):$603,924
After 30 payments:$18.1M
Cash (lump sum)
State tax:-$1.5M
Your net payout:$8.0M
Pennsylvania3.07% state tax
Annuity (30 years)
State tax/year:-$34,916
State tax total:-$1.0M
Net/year (avg):$681,604
After 30 payments:$20.4M
Cash (lump sum)
State tax:-$465,105
Your net payout:$9.1M
Puerto Rico33.00% state tax
Annuity (30 years)
State tax/year:-$375,320
State tax total:-$11.3M
Net/year (avg):$341,200
After 30 payments:$10.2M
Cash (lump sum)
State tax:-$5.0M
Your net payout:$4.5M
Rhode Island5.99% state tax
Annuity (30 years)
State tax/year:-$68,126
State tax total:-$2.0M
Net/year (avg):$648,394
After 30 payments:$19.5M
Cash (lump sum)
State tax:-$907,485
Your net payout:$8.6M
South Carolina6.00% state tax
Annuity (30 years)
State tax/year:-$68,240
State tax total:-$2.0M
Net/year (avg):$648,280
After 30 payments:$19.4M
Cash (lump sum)
State tax:-$909,000
Your net payout:$8.6M
South DakotaNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
TennesseeNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
TexasNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
Utah4.50% state tax
Annuity (30 years)
State tax/year:-$51,180
State tax total:-$1.5M
Net/year (avg):$665,340
After 30 payments:$20.0M
Cash (lump sum)
State tax:-$681,750
Your net payout:$8.9M
Vermont8.75% state tax
Annuity (30 years)
State tax/year:-$99,517
State tax total:-$3.0M
Net/year (avg):$617,003
After 30 payments:$18.5M
Cash (lump sum)
State tax:-$1.3M
Your net payout:$8.2M
Virginia5.75% state tax
Annuity (30 years)
State tax/year:-$65,397
State tax total:-$2.0M
Net/year (avg):$651,123
After 30 payments:$19.5M
Cash (lump sum)
State tax:-$871,125
Your net payout:$8.7M
WashingtonNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
West Virginia4.82% state tax
Annuity (30 years)
State tax/year:-$54,819
State tax total:-$1.6M
Net/year (avg):$661,701
After 30 payments:$19.9M
Cash (lump sum)
State tax:-$730,230
Your net payout:$8.8M
Wisconsin7.65% state tax
Annuity (30 years)
State tax/year:-$87,006
State tax total:-$2.6M
Net/year (avg):$629,514
After 30 payments:$18.9M
Cash (lump sum)
State tax:-$1.2M
Your net payout:$8.4M
WyomingNo state tax on lottery prizes
Annuity (30 years)
Net/year (avg):$716,520
After 30 payments:$21.5M
Cash (lump sum)
Your net payout:$9.5M
Estimates only. Not financial, tax, or gambling advice. Lottery outcomes are random. Verify all figures with official sources before making any decisions.
ScratchCheck is independently operated by 7H Ventures LLC and is not affiliated with Mega Millions, Powerball, or any lottery organization. This page may contain affiliate links - we may earn a commission at no cost to you.
Important Notes - About These Estimates
Tax calculations on this page apply the current top federal marginal rate (37%) to gross jackpot payments. Because no deductions are factored in, the federal figures shown represent a higher-end estimate of what you might owe - your actual liability will likely be lower once deductions, credits, and your specific financial situation are accounted for.
Expected Value (EV) represents the average return per ticket across all prize tiers if the game were played a very large number of times. It is calculated using published prize tiers and probabilities when available. EV does not guarantee any outcome for an individual ticket and should not be interpreted as predicted winnings. EV can change as the advertised jackpot, cash option, or prize structure changes.
State taxes are calculated using a single flat rate (the top marginal or lottery-specific rate for that state). States that use graduated brackets would produce a slightly lower actual tax burden than what is shown here.
The annuity payment figures shown on individual state pages are derived from the published jackpot amount using a standard 5% annual escalation model. Actual disbursements from the lottery may differ slightly due to rounding or administrative adjustments.
This page does not include local or city taxes, which vary widely and may apply depending on where you live. Check with your local tax authority for details specific to your area.
Winners who are not U.S. residents are typically subject to a mandatory 30% federal withholding rate set by the IRS, which differs from the standard marginal rates shown above.
ScratchCheck reviews state lottery withholding rates on a regular basis, but rates do change and there may be a lag before updates are reflected here. If you spot a rate that appears outdated, let us know at [email protected].
Nothing on this page is financial, tax, or legal advice. Every winner's situation is unique - before claiming a large prize, speak with a qualified tax professional and financial advisor.
Frequently Asked Questions
Is it a good time to play Lotto America right now?
Yes. At $34M, Lotto America is above average and approaching the break-even estimate of $33M. The pre-tax expected value per ticket is higher than the vast majority of drawings. This is one of the better times to play based on jackpot size relative to ticket cost.
What is the expected value of a Lotto America ticket at this jackpot?
The pre-tax expected value of a $1 Lotto America ticket at the current jackpot is -$0.15 per ticket. This means on average, for every $1 spent, you can expect to get back $0.85 before taxes. Expected value is always negative for most drawings. This figure accounts for all prize tiers, jackpot sharing probability at the current jackpot level, and the cash option discount. It does not include state or federal taxes.
What jackpot size does Lotto America need to reach for the math to make sense?
ScratchCheck estimates the pre-tax cash break-even jackpot for Lotto America at $33M. At that advertised jackpot, the expected value of a $1 ticket approximately equals the ticket price, meaning you would statistically break even before taxes. This accounts for the cash option discount and jackpot sharing at typical ticket sales volumes. After federal (37%) and state taxes, true break-even requires an even larger jackpot.
Should I take the lump sum or annuity if I win the Lotto America jackpot?
The annuity pays $34M over 29 years. The lump sum cash option is $15M today. The implied discount rate embedded in the Lotto America annuity is currently 5.12%, compared to the 30-year Treasury rate of 5.05% (a spread of 0 basis points). If you believe you can invest the lump sum at a return above 5.12%, the lump sum is mathematically superior. Most financial advisors favor the lump sum for flexibility, though the annuity provides discipline and protects against spending winnings too quickly.
How much will I get after taxes on the current Lotto America jackpot?
Taking the lump sum cash option of $15M on the current $34M jackpot, federal tax at the top bracket (37%) leaves roughly $10M before any state tax. Adding an average state tax rate of about 5.2% brings estimated take-home down to around $9M. Your actual number depends on your state of residence: nine states charge no income tax on lottery winnings, while states like New York and New Jersey push the combined rate above 45%. Pick your state on this page (or visit the state-specific analysis pages) for an exact after-tax estimate and full annuity schedule.
How much federal tax is taken from a Lotto America jackpot win?
Federal tax withholding on lottery prizes above $5,000 is 24% upfront. However, jackpot winners fall into the top federal income tax bracket, so the effective federal rate at tax time is 37%. The difference between the 24% withheld and the 37% owed is due at tax filing. Most states also levy their own income tax on lottery winnings. See the state-specific analysis pages for exact take-home calculations.