(24 percent) and state (5 percent) taxes are mandatorily withheldīefore the prize is paid. Validated and claimed to choose the cash or annuity option. Players have 60 days from the date the winning ticket is
Jackpot amount advertised by the Lottery is the annuitizedĪmount of money the Lottery would have invested in an annuity. Payments over the next 29 years (30 payments), less taxes. MEGA MILLIONSįrom the date the winning ticket is validated and claimed to choose This dollar amount represents the sameĪmount of money the Lottery would have invested in an annuity. It isĪpproximately half the estimated annuity option jackpot, depending The lump sum cash payment is the amountĪvailable to the Lottery for the jackpot prize pool. The jackpot amount advertised by the Lottery is theĬash Option: Players will collect prizes in one Graduated payments over the next 29 years (30 payments), less Players' ultimate tax liability may be more or less than theĪnnuity Option: Players will receive prizes in Percent) taxes are mandatorily withheld before the prize is paid. Information on how to protect your winnings.įrom the date a winning ticket is validated and claimed to choose Please read the Lottery Ticket Security Tips for
