LottoSplits helps you estimate your winnings after taxes for the current Powerball and Mega Millions jackpots. It calculates how much you would receive as either an annuity or a lump sum after deducting federal and state taxes.
Powerball drawings are held on Monday, Wednesday, and Saturday at 10:59 PM ET. Mega Millions drawings are held on Tuesday and Friday at 11:00 PM ET.
Powerball starts at $20 million and increases based on ticket sales and rollovers. Mega Millions also starts at $20 million, with jackpot increases depending on sales.
A Powerball ticket costs $2 per play, with an additional $1 for Power Play (optional). A Mega Millions ticket costs $2 per play, with an additional $1 for Megaplier (optional).
Powerball: 1 in 292.2 million. Mega Millions: 1 in 302.6 million.
Power Play multiplies non-jackpot winnings by 2x, 3x, 4x, 5x, or 10x (except the Match 5 prize, which is always doubled to $2 million). Megaplier multiplies non-jackpot winnings by 2x, 3x, 4x, or 5x, based on the Megaplier drawn.
Some states allow online ticket purchases through their official lottery websites or third-party services. However, availability varies by state.
If multiple winners match all numbers, the jackpot is split equally among them.
It varies by state, but typically winners have 90 days to 1 year to claim their prize.
Yes, non-U.S. residents can purchase tickets and claim prizes, but they must comply with U.S. tax laws and state regulations.
Yes, both state and federal taxes apply. The federal government withholds 24% upfront, and the final tax rate can be as high as 37%, depending on total income. Some states also impose additional taxes.
LottoSplits assumes no state tax and applies only the 37% federal tax.