USA Mega

California Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 2022

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $830,000,000 for a ticket purchased in California, 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

California

Drawing Date:Tue, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,585,251$0$7,907,440
2$13,117,326$4,816,366$0$8,300,960
3$13,773,192$5,059,036$0$8,714,156
4$14,461,852$5,313,840$0$9,148,012
5$15,184,944$5,581,384$0$9,603,560
6$15,944,191$5,862,306$0$10,081,886
7$16,741,401$6,157,273$0$10,584,128
8$17,578,471$6,466,989$0$11,111,482
9$18,457,395$6,792,191$0$11,665,204
10$19,380,264$7,133,653$0$12,246,611
11$20,349,278$7,492,188$0$12,857,090
12$21,366,741$7,868,649$0$13,498,092
13$22,435,078$8,263,934$0$14,171,144
14$23,556,833$8,678,983$0$14,877,850
15$24,734,674$9,114,784$0$15,619,890
16$25,971,408$9,572,376$0$16,399,032
17$27,269,978$10,052,847$0$17,217,131
18$28,633,477$10,557,341$0$18,076,135
19$30,065,151$11,087,061$0$18,978,090
20$31,568,408$11,643,266$0$19,925,142
21$33,146,829$12,227,282$0$20,919,547
22$34,804,170$12,840,498$0$21,963,672
23$36,544,379$13,484,375$0$23,060,004
24$38,371,597$14,160,446$0$24,211,151
25$40,290,177$14,870,321$0$25,419,857
26$42,304,687$15,615,689$0$26,688,998
27$44,419,921$16,398,326$0$28,021,595
28$46,640,916$17,220,094$0$29,420,822
29$48,972,962$18,082,951$0$30,890,011
30$51,421,611$18,988,951$0$32,432,660
Total$830,000,002$305,988,651$0$524,011,352

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.