Radar Loto Β· Mega Millions

Mega Millions Prize Table β€” All Categories and Payouts Explained

Complete Mega Millions prize breakdown: all 9 winning categories, estimated payouts, how the jackpot grows, and what to do if you win.

Mega Millions Prize Categories

Mega Millions has 9 prize levels. All prizes except the jackpot are fixed amounts. The jackpot starts at a minimum of $20 million and grows each drawing until someone wins it.

Prize LevelMatch RequiredOdds (1 in...)Prize Amount
Jackpot5 white + Mega Ball302,575,350Jackpot (starts at $20M)
2nd Prize5 white (no Mega Ball)12,607,306$1,000,000
3rd Prize4 white + Mega Ball931,001$10,000
4th Prize4 white (no Mega Ball)38,792$500
5th Prize3 white + Mega Ball14,547$200
6th Prize3 white (no Mega Ball)606$10
7th Prize2 white + Mega Ball693$10
8th Prize1 white + Mega Ball89$4
9th PrizeMega Ball only37$2

How the Mega Millions Jackpot Works

The Mega Millions jackpot begins at $20 million and rolls over each drawing when no ticket matches all 6 numbers. Over time, this rollover mechanism has produced some of the largest lottery prizes in history, including the record $1.602 billion jackpot in 2023.

Lump Sum vs. Annuity

Jackpot winners can choose between two payout options:

  • Cash Option (Lump Sum): A one-time payment of approximately 60% of the advertised jackpot, paid immediately. Most winners choose this option.
  • Annuity Option: The full advertised jackpot paid over 30 years (one immediate payment plus 29 annual payments, each 5% larger than the previous). The total is higher, but spread over three decades.

Taxes on Mega Millions Prizes

All Mega Millions prizes over $600 must be claimed at a lottery office. Prizes over $5,000 are subject to 24% federal tax withholding. Additional state taxes vary: some states (Florida, California, Texas) don't tax lottery winnings, while others can take an additional 5-10%.

Megaplier Prize Multiplier

For an extra $1 per play, the Megaplier option multiplies any non-jackpot prize by 2x, 3x, 4x, or 5x. The 2nd prize of $1,000,000 becomes $2,000,000 with any Megaplier. The minimum prize of $2 becomes $4–$10 with Megaplier active.

How to Claim a Mega Millions Prize

The process for claiming a Mega Millions prize depends on the prize amount and your state:

  • Up to $600: Can be claimed at any authorized lottery retailer.
  • $601 to $100,000: Must be claimed at a lottery office or by mail (rules vary by state).
  • Over $100,000: Must be claimed at your state's main lottery office. You will need to complete a prize claim form and provide valid ID.

Tickets have a validity period that varies by state (typically between 90 days and 1 year from the draw date). Always sign the back of your ticket immediately to protect your claim.

Frequently Asked Questions About Mega Millions Prizes

What happens if multiple tickets win the jackpot?

The jackpot is split equally among all winning tickets. If two tickets match all 6 numbers, each receives 50% of the jackpot. This is why choosing less popular number combinations β€” while it doesn't affect your odds β€” can result in a larger share if you win.

Are Mega Millions prizes paid in cash?

Yes, winners can choose the cash option (lump sum) or annuity. The cash value is approximately 60% of the advertised jackpot. Secondary prizes ($4 through $1,000,000) are always paid as a lump sum.

How long do I have to claim a Mega Millions prize?

Claim periods vary by state, ranging from 90 days to 1 year from the draw date. Check your specific state lottery's website for exact rules. Unclaimed prizes are returned to the states for public benefit programs.

Can non-US residents play and win Mega Millions?

Yes, there is no citizenship or residency requirement to play or win Mega Millions. However, non-US winners may face additional withholding taxes (typically 30% for non-resident aliens under US tax law) and should consult a tax professional before claiming large prizes.

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