What you’d actually keep if you won the jackpot

After federal and state tax, for where you live.

Powerball

$485,000,000

Cash $199,800,000

Next Wed, Oct 7, 10:59 PM EDT

Mega Millions

$364,000,000

Cash $147,300,000

Next Fri, Oct 9, 11:00 PM EDT

Where you live

Based on your location

Powerball

Lump sum

Amount You Keep Wed, Oct 7 drawing

$120,429,500

Cash option, paid once

See the math

60.3% of the cash value, after the final tax bill

Gross: $199,800,000
Federal income tax: −$73,876,000
Ohio, 2.75%: −$5,494,500
Amount you keep: $120,429,500

After withholding, the check is $146,353,500. About $25,924,000 more is due when you file, which brings you to the $120,429,500 you keep.

Federal: the lottery withholds 24%, $47,952,000. The full bill at 2026 tax brackets is $73,876,000, so another $25,924,000 is owed when you file.

Ohio: $5,494,500 withheld against a $5,494,500 bill.

Annuity

Amount You Keep Wed, Oct 7 drawing

$293,712,493

30 yearly payments

See the math

60.6% of the full annuity, after the final tax bill

Gross, all 30 payments: $485,000,000
Federal income tax, 30 tax years: −$177,950,007
Ohio, 2.75%: −$13,337,500
Amount you keep: $293,712,493

After withholding, the 30 checks add up to $355,262,500. About $61,550,007 more is due across your 30 tax returns, which brings you to the $293,712,493 you keep.

Federal: the lottery withholds 24%, $116,400,000. The full bill at 2026 tax brackets is $177,950,007, so another $61,550,007 is owed across your 30 tax returns.

Ohio: $13,337,500 withheld against a $13,337,500 bill.

See the 30-year payment plan

First check, after tax: $4,448,217
Last check, after tax: $18,153,661

Year 1 payment (paid when you claim)

Gross: $7,299,946
Federal tax: −$2,650,980
State tax: −$200,749
You receive: $4,448,217

You receiveTaxesTap a bar to see that year.

Year-by-year payment plan
Year	Gross Payment	Federal Tax	State Tax	Net You Receive
1	$7.30M$7,299,946	$2.65M$2,650,980	$201K$200,749	$4.45M$4,448,217
2	$7.66M$7,664,943	$2.79M$2,786,029	$211K$210,786	$4.67M$4,668,128
3	$8.05M$8,048,190	$2.93M$2,927,831	$221K$221,325	$4.90M$4,899,034
4	$8.45M$8,450,600	$3.08M$3,076,722	$232K$232,392	$5.14M$5,141,486
5	$8.87M$8,873,130	$3.23M$3,233,058	$244K$244,011	$5.40M$5,396,061
6	$9.32M$9,316,787	$3.40M$3,397,211	$256K$256,212	$5.66M$5,663,364
7	$9.78M$9,782,626	$3.57M$3,569,572	$269K$269,022	$5.94M$5,944,032
8	$10.27M$10,271,757	$3.75M$3,750,550	$282K$282,473	$6.24M$6,238,734
9	$10.79M$10,785,345	$3.94M$3,940,578	$297K$296,597	$6.55M$6,548,170
10	$11.32M$11,324,612	$4.14M$4,140,107	$311K$311,427	$6.87M$6,873,078
11	$11.89M$11,890,843	$4.35M$4,349,612	$327K$326,998	$7.21M$7,214,233
12	$12.49M$12,485,385	$4.57M$4,569,593	$343K$343,348	$7.57M$7,572,444
13	$13.11M$13,109,654	$4.80M$4,800,572	$361K$360,515	$7.95M$7,948,567
14	$13.77M$13,765,137	$5.04M$5,043,101	$379K$378,541	$8.34M$8,343,495
15	$14.45M$14,453,394	$5.30M$5,297,756	$397K$397,468	$8.76M$8,758,170
16	$15.18M$15,176,063	$5.57M$5,565,144	$417K$417,342	$9.19M$9,193,577
17	$15.93M$15,934,867	$5.85M$5,845,901	$438K$438,209	$9.65M$9,650,757
18	$16.73M$16,731,610	$6.14M$6,140,696	$460K$460,119	$10.13M$10,130,795
19	$17.57M$17,568,190	$6.45M$6,450,231	$483K$483,125	$10.63M$10,634,834
20	$18.45M$18,446,600	$6.78M$6,775,242	$507K$507,282	$11.16M$11,164,076
21	$19.37M$19,368,930	$7.12M$7,116,504	$533K$532,646	$11.72M$11,719,780
22	$20.34M$20,337,377	$7.47M$7,474,830	$559K$559,278	$12.30M$12,303,269
23	$21.35M$21,354,245	$7.85M$7,851,071	$587K$587,242	$12.92M$12,915,932
24	$22.42M$22,421,958	$8.25M$8,246,125	$617K$616,604	$13.56M$13,559,229
25	$23.54M$23,543,055	$8.66M$8,660,931	$647K$647,434	$14.23M$14,234,690
26	$24.72M$24,720,208	$9.10M$9,096,477	$680K$679,806	$14.94M$14,943,925
27	$25.96M$25,956,219	$9.55M$9,553,801	$714K$713,796	$15.69M$15,688,622
28	$27.25M$27,254,030	$10.03M$10,033,991	$749K$749,486	$16.47M$16,470,553
29	$28.62M$28,616,731	$10.54M$10,538,191	$787K$786,960	$17.29M$17,291,580
30	$30.05M$30,047,568	$11.07M$11,067,600	$826K$826,307	$18.15M$18,153,661
Total	$485.00M$485,000,000	$177.95M$177,950,007	$13.34M$13,337,500	$293.71M$293,712,493

The year 1 payment arrives when you claim, then one a year for 29 more years, each 5% larger than the last. The 30 gross payments add up to the advertised jackpot; the lotteries round each check down to the nearest $1,000, so real checks can be a little smaller. Each payment is taxed as its own year: 2026 federal brackets for a single filer with no other income, after the standard deduction, and today’s state rules. Future tax law and inflation adjustments will change the exact figures.

The smart move

Net worth over 30 years if you invest every after-tax dollar.*

Yearly growth

After 30 years at 7%

Lump sum ~$917M vs Annuity ~$779M

Lump sum comes out ahead by $137M. The annuity never catches up.

Tap or drag the chart to see any year.

Powerball net worth by year at 7% growth
Year	Lump sum	Annuity
0	$120M	$4.4M
5	$169M	$36M
10	$237M	$88M
15	$332M	$171M
20	$466M	$300M
25	$654M	$499M
30	$917M	$779M

* Assumes the lump sum is invested on day one and each annuity check is invested the year it arrives (first check now, last in year 29), all growing a steady 7% a year. 7% is roughly the long-run average for a diversified stock portfolio before inflation. No spending, no tax on investment gains, no inflation adjustment. Real markets swing and can lose money in any year; the annuity checks are guaranteed. If you die early, the remaining annuity payments go to your estate. An illustration, not financial advice.

Mega Millions

Lump sum

Amount You Keep Fri, Oct 9 drawing

$88,798,250

Cash option, paid once

See the math

60.3% of the cash value, after the final tax bill

Gross: $147,300,000
Federal income tax: −$54,451,000
Ohio, 2.75%: −$4,050,750
Amount you keep: $88,798,250

After withholding, the check is $107,897,250. About $19,099,000 more is due when you file, which brings you to the $88,798,250 you keep.

Federal: the lottery withholds 24%, $35,352,000. The full bill at 2026 tax brackets is $54,451,000, so another $19,099,000 is owed when you file.

Ohio: $4,050,750 withheld against a $4,050,750 bill.

Annuity

Amount You Keep Fri, Oct 9 drawing

$220,809,993

30 yearly payments

See the math

60.7% of the full annuity, after the final tax bill

Gross, all 30 payments: $364,000,000
Federal income tax, 30 tax years: −$133,180,007
Ohio, 2.75%: −$10,010,000
Amount you keep: $220,809,993

After withholding, the 30 checks add up to $266,630,000. About $45,820,007 more is due across your 30 tax returns, which brings you to the $220,809,993 you keep.

Federal: the lottery withholds 24%, $87,360,000. The full bill at 2026 tax brackets is $133,180,007, so another $45,820,007 is owed across your 30 tax returns.

Ohio: $10,010,000 withheld against a $10,010,000 bill.

See the 30-year payment plan

First check, after tax: $3,350,930
Last check, after tax: $13,637,079

Year 1 payment (paid when you claim)

Gross: $5,478,722
Federal tax: −$1,977,127
State tax: −$150,665
You receive: $3,350,930

You receiveTaxesTap a bar to see that year.

Year-by-year payment plan
Year	Gross Payment	Federal Tax	State Tax	Net You Receive
1	$5.48M$5,478,722	$1.98M$1,977,127	$151K$150,665	$3.35M$3,350,930
2	$5.75M$5,752,658	$2.08M$2,078,484	$158K$158,198	$3.52M$3,515,976
3	$6.04M$6,040,291	$2.18M$2,184,908	$166K$166,108	$3.69M$3,689,275
4	$6.34M$6,342,306	$2.30M$2,296,653	$174K$174,413	$3.87M$3,871,240
5	$6.66M$6,659,421	$2.41M$2,413,986	$183K$183,134	$4.06M$4,062,301
6	$6.99M$6,992,392	$2.54M$2,537,185	$192K$192,291	$4.26M$4,262,916
7	$7.34M$7,342,012	$2.67M$2,666,545	$202K$201,905	$4.47M$4,473,562
8	$7.71M$7,709,113	$2.80M$2,802,372	$212K$212,001	$4.69M$4,694,740
9	$8.09M$8,094,568	$2.94M$2,944,990	$223K$222,601	$4.93M$4,926,977
10	$8.50M$8,499,297	$3.09M$3,094,740	$234K$233,731	$5.17M$5,170,826
11	$8.92M$8,924,261	$3.25M$3,251,977	$245K$245,417	$5.43M$5,426,867
12	$9.37M$9,370,475	$3.42M$3,417,076	$258K$257,688	$5.70M$5,695,711
13	$9.84M$9,838,998	$3.59M$3,590,430	$271K$270,572	$5.98M$5,977,996
14	$10.33M$10,330,948	$3.77M$3,772,451	$284K$284,101	$6.27M$6,274,396
15	$10.85M$10,847,496	$3.96M$3,963,574	$298K$298,306	$6.59M$6,585,616
16	$11.39M$11,389,870	$4.16M$4,164,252	$313K$313,221	$6.91M$6,912,397
17	$11.96M$11,959,364	$4.37M$4,374,965	$329K$328,883	$7.26M$7,255,516
18	$12.56M$12,557,332	$4.60M$4,596,213	$345K$345,327	$7.62M$7,615,792
19	$13.19M$13,185,199	$4.83M$4,828,524	$363K$362,593	$7.99M$7,994,082
20	$13.84M$13,844,459	$5.07M$5,072,450	$381K$380,723	$8.39M$8,391,286
21	$14.54M$14,536,681	$5.33M$5,328,572	$400K$399,759	$8.81M$8,808,350
22	$15.26M$15,263,516	$5.60M$5,597,501	$420K$419,747	$9.25M$9,246,268
23	$16.03M$16,026,691	$5.88M$5,879,876	$441K$440,734	$9.71M$9,706,081
24	$16.83M$16,828,026	$6.18M$6,176,370	$463K$462,771	$10.19M$10,188,885
25	$17.67M$17,669,427	$6.49M$6,487,688	$486K$485,909	$10.70M$10,695,830
26	$18.55M$18,552,899	$6.81M$6,814,573	$510K$510,205	$11.23M$11,228,121
27	$19.48M$19,480,543	$7.16M$7,157,801	$536K$535,715	$11.79M$11,787,027
28	$20.45M$20,454,571	$7.52M$7,518,192	$563K$562,501	$12.37M$12,373,878
29	$21.48M$21,477,299	$7.90M$7,896,601	$591K$590,626	$12.99M$12,990,072
30	$22.55M$22,551,165	$8.29M$8,293,931	$620K$620,155	$13.64M$13,637,079
Total	$364.00M$364,000,000	$133.18M$133,180,007	$10.01M$10,010,000	$220.81M$220,809,993

The smart move

Net worth over 30 years if you invest every after-tax dollar.*

Yearly growth

After 30 years at 7%

Lump sum ~$676M vs Annuity ~$586M

Lump sum comes out ahead by $90M. The annuity never catches up.

Tap or drag the chart to see any year.

Mega Millions net worth by year at 7% growth
Year	Lump sum	Annuity
0	$89M	$3.4M
5	$125M	$27M
10	$175M	$66M
15	$245M	$128M
20	$344M	$226M
25	$482M	$375M
30	$676M	$586M

What You Could Buy

Tap what you’d buy with the after-tax lump sum. Prices are rough public estimates.

You have

~$120.4M

to play with

$120.4M left

Nothing picked

Yacht and jet prices are the purchase only. Running one often costs about 10–15% of that price each year.