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    How does the Mega Millions calculator work?Our Mega Millions calculator takes into account the federal and state tax rates and calculates payouts for both cash lump sum and annual payment options, so you can compare the two. You'll also find a payout table for the annual payment option below for a more detailed breakdown.
    How much is a Mega Millions jackpot?The jackpot starts at $20 million; if no one wins the jackpot in a drawing, it rolls over to the next one. With no cap in place, jackpots often reach hundreds of millions of dollars. The Mega Millions payout chart below shows a breakdown of all the different prizes that are available, as well as the odds of winning each one:
    How do Mega Millions annuity payments work?All annuity amounts shown are the average amounts a jackpot winner would receive. Mega Millions annuity payments are made on an annually-increasing rate schedule, so to see what the payments would be on a year-by-year basis for any state, click the Annual Payment Schedule link next to the state.
    How much money does Mega Millions pay?The advertised amount is $1,000,000. Assume that at least $370,000 will go towards paying taxes. It leaves the cash payout for Mega Millions at around $630,000. Use an online calculator to get the more precise Mega Millions payout chart for annuities.
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