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Indiana Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Indiana

Drawing Date:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 3.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$213,828$4,099,781
2$7,127,607$2,600,170$224,520$4,302,918
3$7,483,987$2,732,030$235,746$4,516,211
4$7,858,187$2,870,484$247,533$4,740,170
5$8,251,096$3,015,861$259,910$4,975,326
6$8,663,651$3,168,506$272,905$5,222,240
7$9,096,834$3,328,783$286,550$5,481,500
8$9,551,675$3,497,075$300,878$5,753,723
9$10,029,259$3,673,781$315,922$6,039,557
10$10,530,722$3,859,322$331,718$6,339,682
11$11,057,258$4,054,140$348,304$6,654,814
12$11,610,121$4,258,700$365,719$6,985,702
13$12,190,627$4,473,487$384,005$7,333,135
14$12,800,158$4,699,014$403,205$7,697,940
15$13,440,166$4,935,816$423,365$8,080,984
16$14,112,175$5,184,460$444,534$8,483,182
17$14,817,783$5,445,535$466,760$8,905,488
18$15,558,672$5,719,664$490,098$9,348,910
19$16,336,606$6,007,499$514,603$9,814,504
20$17,153,436$6,309,726$540,333$10,303,377
21$18,011,108$6,627,065$567,350$10,816,693
22$18,911,663$6,960,270$595,717$11,355,676
23$19,857,247$7,310,136$625,503$11,921,607
24$20,850,109$7,677,495$656,778$12,515,835
25$21,892,614$8,063,222$689,617$13,139,775
26$22,987,245$8,468,236$724,098$13,794,911
27$24,136,608$8,893,500$760,303$14,482,805
28$25,343,438$9,340,027$798,318$15,205,092
29$26,610,610$9,808,881$838,234$15,963,495
30$27,941,140$10,301,177$880,146$16,759,817
Total$451,000,001$165,758,650$14,206,500$271,034,850

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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.