Mega Millions Jackpot – $232 Million (7/18/2017). See estimated payout schedule here.

Gotta Keep the Dream Alive!!! It's Time for Someone from Madison to Win!!

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1014
Annuity Cash
Mega Millions Jackpot for Tue, Jul 18, 2017 $232,000,000
$143,300,000
Gross Prize 30 average annual payments of $7,733,333
Lump-sum cash: $143,300,000
– 25% Federal Tax – $1,933,333
– $35,825,000
Subtotal

$5,800,000


$107,475,000

 

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $3,491,933 $872,983 $0 $2,618,950
2 $3,666,530 $916,632 $0 $2,749,897
3 $3,849,856 $962,464 $0 $2,887,392
4 $4,042,349 $1,010,587 $0 $3,031,762
5 $4,244,466 $1,061,117 $0 $3,183,350
6 $4,456,690 $1,114,172 $0 $3,342,517
7 $4,679,524 $1,169,881 $0 $3,509,643
8 $4,913,500 $1,228,375 $0 $3,685,125
9 $5,159,175 $1,289,794 $0 $3,869,382
10 $5,417,134 $1,354,284 $0 $4,062,851
11 $5,687,991 $1,421,998 $0 $4,265,993
12 $5,972,390 $1,493,098 $0 $4,479,293
13 $6,271,010 $1,567,752 $0 $4,703,257
14 $6,584,560 $1,646,140 $0 $4,938,420
15 $6,913,788 $1,728,447 $0 $5,185,341
16 $7,259,478 $1,814,869 $0 $5,444,608
17 $7,622,452 $1,905,613 $0 $5,716,839
18 $8,003,574 $2,000,894 $0 $6,002,681
19 $8,403,753 $2,100,938 $0 $6,302,815
20 $8,823,941 $2,205,985 $0 $6,617,955
21 $9,265,138 $2,316,284 $0 $6,948,853
22 $9,728,395 $2,432,099 $0 $7,296,296
23 $10,214,814 $2,553,704 $0 $7,661,111
24 $10,725,555 $2,681,389 $0 $8,044,166
25 $11,261,833 $2,815,458 $0 $8,446,374
26 $11,824,924 $2,956,231 $0 $8,868,693
27 $12,416,171 $3,104,043 $0 $9,312,128
28 $13,036,979 $3,259,245 $0 $9,777,734
29 $13,688,828 $3,422,207 $0 $10,266,621
30 $14,373,270 $3,593,317 $0 $10,779,952
Total $232,000,000 $58,000,000 $0 $174,000,000

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