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

Mega Millions Annuity Jackpot Analysis for New York (Aug. 4, 2017 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 $323,000,000 would be for a resident of New York, 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:

New York

Drawing Date:  Aug. 4, 2017
Jackpot:$323,000,000
Federal Tax:  24%
State Tax:8.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,861,614$1,166,787$428,794$3,266,032
2$5,104,694$1,225,127$450,234$3,429,334
3$5,359,929$1,286,383$472,746$3,600,800
4$5,627,926$1,350,702$496,383$3,780,840
5$5,909,321$1,418,237$521,202$3,969,882
6$6,204,788$1,489,149$547,262$4,168,376
7$6,515,027$1,563,607$574,625$4,376,795
8$6,840,779$1,641,787$603,357$4,595,635
9$7,182,817$1,723,876$633,525$4,825,417
10$7,541,958$1,810,070$665,201$5,066,688
11$7,919,056$1,900,573$698,461$5,320,022
12$8,315,009$1,995,602$733,384$5,586,023
13$8,730,759$2,095,382$770,053$5,865,324
14$9,167,297$2,200,151$808,556$6,158,590
15$9,625,662$2,310,159$848,983$6,466,520
16$10,106,946$2,425,667$891,433$6,789,846
17$10,612,293$2,546,950$936,004$7,129,338
18$11,142,907$2,674,298$982,804$7,485,805
19$11,700,053$2,808,013$1,031,945$7,860,095
20$12,285,055$2,948,413$1,083,542$8,253,100
21$12,899,308$3,095,834$1,137,719$8,665,755
22$13,544,273$3,250,626$1,194,605$9,099,043
23$14,221,487$3,413,157$1,254,335$9,553,995
24$14,932,561$3,583,815$1,317,052$10,031,695
25$15,679,189$3,763,005$1,382,905$10,533,279
26$16,463,149$3,951,156$1,452,050$11,059,944
27$17,286,307$4,148,714$1,524,652$11,612,941
28$18,150,622$4,356,149$1,600,885$12,193,588
29$19,058,153$4,573,957$1,680,929$12,803,267
30$20,011,061$4,802,655$1,764,976$13,443,431
Total$323,000,001$77,520,000$28,488,600$216,991,400
<( 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.