USA Mega

Indiana Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

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

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 $333,000,000 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 money, as well as deductions claimed.

State:

Indiana

Drawing Date:Fri, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 3.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$157,882$3,036,804
2$5,262,734$1,910,167$165,776$3,186,791
3$5,525,871$2,007,527$174,065$3,344,279
4$5,802,165$2,109,756$182,768$3,509,641
5$6,092,273$2,217,096$191,907$3,683,270
6$6,396,886$2,329,803$201,502$3,865,581
7$6,716,731$2,448,145$211,577$4,057,008
8$7,052,567$2,572,405$222,156$4,258,007
9$7,405,196$2,702,877$233,264$4,469,055
10$7,775,455$2,839,874$244,927$4,690,655
11$8,164,228$2,983,719$257,173$4,923,336
12$8,572,440$3,134,758$270,032$5,167,650
13$9,001,062$3,293,348$283,533$5,424,180
14$9,451,115$3,459,867$297,710$5,693,537
15$9,923,670$3,634,713$312,596$5,976,362
16$10,419,854$3,818,301$328,225$6,273,328
17$10,940,847$4,011,068$344,637$6,585,142
18$11,487,889$4,213,474$361,869$6,912,547
19$12,062,283$4,426,000$379,962$7,256,322
20$12,665,398$4,649,152$398,960$7,617,285
21$13,298,667$4,883,462$418,908$7,996,297
22$13,963,601$5,129,487$439,853$8,394,260
23$14,661,781$5,387,814$461,846$8,812,121
24$15,394,870$5,659,057$484,938$9,250,875
25$16,164,613$5,943,862$509,185$9,711,566
26$16,972,844$6,242,907$534,645$10,195,292
27$17,821,486$6,556,905$561,377$10,703,205
28$18,712,560$6,886,602$589,446$11,236,512
29$19,648,188$7,232,785$618,918$11,796,486
30$20,630,598$7,596,276$649,864$12,384,458
Total$333,000,001$122,098,649$10,489,501$200,411,852

◄ Back to Jackpot Analysis

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.