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If you are viewing the Jackpot Analysis for a past drawing date, ...Find out how much you would be paid out if you won the grand prize, whether you choose the annuity option or the cash lump sum. See the current jackpot amount, the federal and state tax rates, and the annual payout table for each year.Aug 1, 2023 · Mega Millions Jackpot for Tue, Aug 1, 2023 $1,100,000,000 $550,200,000; Gross Prize 30 average annual payments of $36,666,667: Cash: $550,200,000 - 24% federal tax - $8,800,000 - $132,048,000 - Add'l federal taxes due (37% final rate) - $4,729,622 - $71,488,955: Subtotal $23,137,045: $346,663,045 - State Tax: Arizona: 2.5% state tax - $916,667 ... Annuity Cash; Powerball Jackpot for Wed, Dec 28, 2022 $222,000,000 $116,000,000; Gross Prize 30 average annual payments of $7,400,000: Cash: $116,000,000Updated 6:37 PM PDT, July 26, 2023. COLUMBIA, Mo. 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