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Next Estimated Jackpot is $20,000,000 Cash Option is $9,200,000
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When a player wins the Mega Millions jackpot, the winner may choose to receive the prize in annuity payments or may elect to take a lump-sum payment. A player has 60 days from the date the prize is claimed to choose the "cash" option or the "annuity" option. If the player selects the "cash" option, the prize will be a single cash payment equal to the amount available to the lottery for the jackpot prize pool (estimated to be at least 55 percent of Mega Millions sales, but may be higher or lower based upon the number of winners at each guaranteed prize level, as well as the funding required to meet the official advertised jackpot). The jackpot may also be paid as an annuity of 30 payments over 29 years, and the annual payment will be increased by a rate as determined by lottery officials. If the cost to purchase the annuity is less than $250,000, the lottery may elect to pay the prize as "cash."
Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, U. S. Virgin Islands, Virginia, Washington, West Virginia, Wisconsin and Wyoming.