MegaMillions: Let’s try it again. Jackpot on Tuesday (25 July 17) is an Estimated $262 Million!

0
1205
Annuity Cash
 
Mega Millions Jackpot for Tue, Jul 25, 2017 $262,000,000
$164,100,000
Gross Prize 30 average annual payments of $8,733,333
Lump-sum cash: $164,100,000
– 25% Federal Tax – $2,183,333
– $41,025,000
Subtotal

$6,550,000

$123,075,000

 

State:

Florida
Drawing Date:   Tue, Jul 25, 2017
Jackpot: $262,000,000
Federal Tax: 25%
State Tax: No state tax on lottery prizes
Report: Mega Millions annuity payout schedule (30 annual payments)

 

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $3,943,476 $985,869 $0 $2,957,607
2 $4,140,650 $1,035,162 $0 $3,105,487
3 $4,347,682 $1,086,921 $0 $3,260,762
4 $4,565,067 $1,141,267 $0 $3,423,800
5 $4,793,320 $1,198,330 $0 $3,594,990
6 $5,032,986 $1,258,246 $0 $3,774,739
7 $5,284,635 $1,321,159 $0 $3,963,476
8 $5,548,867 $1,387,217 $0 $4,161,650
9 $5,826,310 $1,456,578 $0 $4,369,733
10 $6,117,626 $1,529,406 $0 $4,588,219
11 $6,423,507 $1,605,877 $0 $4,817,630
12 $6,744,682 $1,686,171 $0 $5,058,512
13 $7,081,916 $1,770,479 $0 $5,311,437
14 $7,436,012 $1,859,003 $0 $5,577,009
15 $7,807,813 $1,951,953 $0 $5,855,860
16 $8,198,203 $2,049,551 $0 $6,148,653
17 $8,608,113 $2,152,028 $0 $6,456,085
18 $9,038,519 $2,259,630 $0 $6,778,889
19 $9,490,445 $2,372,611 $0 $7,117,834
20 $9,964,967 $2,491,242 $0 $7,473,726
21 $10,463,216 $2,615,804 $0 $7,847,412
22 $10,986,377 $2,746,594 $0 $8,239,782
23 $11,535,695 $2,883,924 $0 $8,651,772
24 $12,112,480 $3,028,120 $0 $9,084,360
25 $12,718,104 $3,179,526 $0 $9,538,578
26 $13,354,010 $3,338,502 $0 $10,015,507
27 $14,021,710 $3,505,427 $0 $10,516,282
28 $14,722,795 $3,680,699 $0 $11,042,096
29 $15,458,935 $3,864,734 $0 $11,594,201
30 $16,231,882 $4,057,970 $0 $12,173,911
Total $262,000,001 $65,500,000 $0 $196,500,000

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