With no winner since early June, the Mega Millions jackpot has grown to $575 million ahead of Tuesday night's draw — its ninth largest ever.

But don't expect to take home the full amount if you happen to beat the 1 in 302,575,350 odds of matching the numbers for all five white balls, plus the gold Mega Ball.

That's because the jackpot could be reduced due to income taxes, as well as the payout you choose. 

Your choice of payout could cut the prize money in half

For the payout, you can choose an annuity for the full listed jackpot amount that's paid out over 30 years, or you can take an upfront cash lump sum that works out to about half of the jackpot. Despite being less money, the upfront cash payment is more commonly chosen since it can be reinvested right away.

Then there are the taxes. A 24% federal withholding is automatically deducted from your winnings since they are considered income. However, since the jackpot puts you in the highest tax bracket, you'll likely pay up to 37% on most of your winnings when you file your 2024 tax return.

DON'T MISS: Are you stressed about money? Take our new online course

U.S. states also levy income taxes ranging from 2.5% to 10.9% on lottery winnings, further diminishing your take-home amount. Eight states don't charge any income tax on lottery winnings: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.

Here are the actual take-home winnings in every state that participates in Mega Millions and Washington, D.C., in alphabetical order. The prize amounts for both the lump sum and annuity amounts were calculated by usamega.com.

Arizona

• Lump sum: $172,769,312
• Annuity: $349,129,380

Arkansas

• Lump sum: $168,772,312
• Annuity: $341,079,360

California

• Lump sum: $179,906,812
• Annuity: $363,504,360

Colorado

• Lump sum: $167,344,812
• Annuity: $338,204,370

Connecticut

• Lump sum: $159,950,362
• Annuity: $323,311,860

Delaware

• Lump sum: $161,063,812
• Annuity: $325,554,360

Florida

• Lump sum: $179,906,812
• Annuity: $363,504,360

Georgia

• Lump sum: $164,232,862
• Annuity: $331,936,860

Idaho

• Lump sum: $163,647,587
• Annuity: $330,758,130

Illinois

• Lump sum: $165,774,562
• Annuity: $335,041,860

Indiana

• Lump sum: $171,199,062
• Annuity: $345,966,870

Iowa

• Lump sum: $163,633,312
• Annuity: $330,729,360

Kansas

• Lump sum: $163,633,312
• Annuity: $330,729,360

Kentucky

• Lump sum: $168,486,812
• Annuity: $340,504,380

Louisiana

• Lump sum: $166,345,562
• Annuity:  $336,191,880

Maine

• Lump sum: $159,493,562
• Annuity: $322,391,880

Maryland

• Lump sum: $154,354,562
• Annuity: $312,041,880

Massachusetts

• Lump sum: $154,211,812
• Annuity: $311,754,360

Michigan

• Lump sum: $167,773,062
• Annuity: $339,066,870

Minnesota

• Lump sum: $151,785,062
• Annuity: $306,866,880

Mississippi

• Lump sum: $166,488,312
• Annuity: $336,479,370

Missouri

• Lump sum: $165,774,562
• Annuity: $335,041,860

Montana

• Lump sum: $163,062,312
• Annuity: $329,579,370

Nebraska

• Lump sum: $163,233,612
• Annuity: $329,924,370

New Hampshire

• Lump sum: $179,906,812
• Annuity: $363,504,360

New Jersey

• Lump sum: $149,215,562
• Annuity: $301,691,880

New Mexico

• Lump sum: $163,062,312
• Annuity: $329,579,370

New York

• Lump sum: $148,787,312
• Annuity: $300,829,380

North Carolina

• Lump sum: $167,059,312
• Annuity: $337,629,360

North Dakota

• Lump sum: $171,627,312
• Annuity: $346,829,370

Ohio

• Lump sum: $169,914,312
• Annuity: $343,379,370

Oklahoma

• Lump sum: $166,345,562
• Annuity: $336,191,880

Oregon

• Lump sum: $151,642,312
• Annuity: $306,579,360

Pennsylvania

• Lump sum: $171,141,962
• Annuity: $345,851,880

Rhode Island

• Lump sum: $162,805,362
• Annuity: $329,061,870

South Carolina

• Lump sum: $161,634,812
• Annuity: $326,704,380

South Dakota

• Lump sum: $179,906,812
• Annuity: $363,504,360

Tennessee

• Lump sum: $179,906,812
• Annuity: $363,504,360

Texas

• Lump sum: $179,906,812
• Annuity: $363,504,360

Vermont

• Lump sum: $154,925,562
• Annuity: $313,191,870

Virginia

• Lump sum: $163,490,562
• Annuity: $330,441,870

Washington

• Lump sum: $179,906,812
• Annuity: $363,504,360

Washington, D.C.

• Lump sum: $149,215,562
• Annuity: $301,691,880

West Virginia

• Lump sum: $161,349,312
• Annuity: $326,129,370

Wisconsin

• Lump sum: $158,066,062
• Annuity: $319,516,860

Wyoming

• Lump sum: $179,906,812
• Annuity: $363,504,360

Are you stressed about money? Sign up for CNBC's new online course. We'll teach you how to be more successful and confident with your money, and practical strategies to boost savings, get out of debt and invest for the future. Start today and use code EARLYBIRD for an introductory discount of 30% off through September 2, 2024.

Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.