USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Indiana (Nov. 6, 2018 Drawing)

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $70,000,000 would be for a resident of Indiana, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Indiana

Drawing Date:  Nov. 6, 2018
Jackpot:$70,000,000
Federal Tax:  24%
State Tax:3.23%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,053,600$252,864$34,031$766,705
2$1,106,280$265,507$35,733$805,040
3$1,161,594$278,783$37,520$845,292
4$1,219,674$292,722$39,395$887,557
5$1,280,658$307,358$41,365$931,935
6$1,344,691$322,726$43,434$978,532
7$1,411,925$338,862$45,605$1,027,458
8$1,482,522$355,805$47,885$1,078,831
9$1,556,648$373,595$50,280$1,132,773
10$1,634,480$392,275$52,794$1,189,411
11$1,716,204$411,889$55,433$1,248,882
12$1,802,014$432,483$58,205$1,311,326
13$1,892,115$454,108$61,115$1,376,892
14$1,986,721$476,813$64,171$1,445,737
15$2,086,057$500,654$67,380$1,518,024
16$2,190,360$525,686$70,749$1,593,925
17$2,299,878$551,971$74,286$1,673,621
18$2,414,872$579,569$78,000$1,757,302
19$2,535,615$608,548$81,900$1,845,167
20$2,662,396$638,975$85,995$1,937,425
21$2,795,516$670,924$90,295$2,034,297
22$2,935,291$704,470$94,810$2,136,012
23$3,082,056$739,693$99,550$2,242,812
24$3,236,159$776,678$104,528$2,354,953
25$3,397,967$815,512$109,754$2,472,700
26$3,567,865$856,288$115,242$2,596,335
27$3,746,258$899,102$121,004$2,726,152
28$3,933,571$944,057$127,054$2,862,460
29$4,130,250$991,260$133,407$3,005,583
30$4,336,762$1,040,823$140,077$3,155,862
Total$70,000,000$16,800,000$2,261,000$50,939,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.