Mega Millions Jackpot for Friday, 21 July 17, is $248 Million. Estimated Payout Schedule Here.

0
703
Annuity Cash
 
Mega Millions Jackpot for Fri, Jul 21, 2017 $248,000,000
$153,700,000
Gross Prize 30 average annual payments of $8,266,667
Lump-sum cash: $153,700,000
– 25% Federal Tax – $2,066,667
– $38,425,000
Subtotal

$6,200,000


$115,275,000

 

Drawing Date:   Fri, Jul 21, 2017
Jackpot: $248,000,000
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 $3,732,756 $933,189 $0 $2,799,567
2 $3,919,394 $979,848 $0 $2,939,545
3 $4,115,363 $1,028,841 $0 $3,086,523
4 $4,321,132 $1,080,283 $0 $3,240,849
5 $4,537,188 $1,134,297 $0 $3,402,891
6 $4,764,048 $1,191,012 $0 $3,573,036
7 $5,002,250 $1,250,563 $0 $3,751,688
8 $5,252,362 $1,313,091 $0 $3,939,272
9 $5,514,981 $1,378,745 $0 $4,136,235
10 $5,790,730 $1,447,682 $0 $4,343,047
11 $6,080,266 $1,520,067 $0 $4,560,200
12 $6,384,279 $1,596,070 $0 $4,788,210
13 $6,703,493 $1,675,873 $0 $5,027,620
14 $7,038,668 $1,759,667 $0 $5,279,001
15 $7,390,601 $1,847,650 $0 $5,542,951
16 $7,760,132 $1,940,033 $0 $5,820,099
17 $8,148,138 $2,037,034 $0 $6,111,103
18 $8,555,545 $2,138,886 $0 $6,416,659
19 $8,983,322 $2,245,831 $0 $6,737,492
20 $9,432,488 $2,358,122 $0 $7,074,366
21 $9,904,113 $2,476,028 $0 $7,428,084
22 $10,399,318 $2,599,830 $0 $7,799,489
23 $10,919,284 $2,729,821 $0 $8,189,463
24 $11,465,248 $2,866,312 $0 $8,598,936
25 $12,038,511 $3,009,628 $0 $9,028,883
26 $12,640,436 $3,160,109 $0 $9,480,327
27 $13,272,458 $3,318,115 $0 $9,954,344
28 $13,936,081 $3,484,020 $0 $10,452,061
29 $14,632,885 $3,658,221 $0 $10,974,664
30 $15,364,530 $3,841,132 $0 $11,523,397
Total $248,000,000 $62,000,000 $0 $186,000,000

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