- Be sure to bookmark (save to favorites) this site!
- The Non-Cash payouts are no longer equal payments, and are now annuitized, starting lower and increasing each year by about 4-5% depending on the lottery you are playing.
See INSTRUCTIONS below.
Choose either the PowerBall radio button, or the MegaMillions radio button
Enter an amount
Then, click on the 'Calculate' button
The Calculator will then calculate the lump sum payout (plus that amount after federal (only) taxes), along with the (average) yearly annuitized payout amount (plus that amount after federal (only) taxes) for the megalottery you choose.
Mega-Millions and Powerball are now annuitized payouts, increasing by 4% (Powerball) or 5% (Mega Millions) each year. They are no longer equal sums of money each year.