The table below acts as a payout calculator and shows what you would receive each year if you took the annuity for the current jackpot, based on your selections above. Five numbered balls are drawn from 1 to 70 and one numbered ball is drawn from 1 to 25.
Federal Tax ( 24 ) State Tax ( 0 ) Net Total. Both Powerball and Mega Millions are designed to go multiple drawings without a jackpot winner jackpot odds are 1 in 292.2 million for Powerball and 1 in 302.6 million for Mega Millions. It is entirely down to personal preference whether you take the annuity or the cash if you win, but most Mega Millions winners have chosen the lump sum. Mega Millions® is a multi-state jackpot game. The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. For payout information of all participating states please visit There were no Mega Millions jackpot or 2nd prize winners in Texas for drawing on. Those numbers will roll the jackpot over again, sending the grand prize for Friday to an estimated 267.
Each payment is 5 percent larger than the one before, so the last one will be considerably larger than the first. Note: Texas Lottery Commission only reports the payout information for Texas winners. 26, numbers were 15-30-35-42-60 and the Mega Ball was 16. Jackpot winners who opt for the annuity payout will receive their winnings over a period of 29 years, with 30 payments in total.
