Difference Between Cash Value and Annuity
If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Prize claim parameters vary from state to state. Contact your Mega Millions lottery for detailed information.
Annuity option: Provides annual payments over a 26-year period.
Cash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool.
Choose how you want to receive your jackpot prize:
| Advertised Jackpot | Annual Payout | Approx. Cash Value |
|---|---|---|
| $12 million | $461,538/year | $7,042,000 |
| $25 million | $961,538/year | $14,670,000 |
| $60 million | $2,307,692/year | $35,210,000 |
| $137 million | $5,269,231/year | $80,396,000 |
| $270 million | $10,384,615/year | $158,445,000 |
| $331 million | $12,730,769/year | $194,242,000 |
NOTE: The cash value amounts above are estimates, subject to market and/or interest rate fluctuations.