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Kentucky Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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The tax information provided here is based on 2024 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 $259,000,000 for a ticket purchased in Kentucky, 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:

Kentucky

Drawing Date:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,400,567$155,933$2,341,822
2$4,093,238$1,472,686$163,730$2,456,823
3$4,297,900$1,548,411$171,916$2,577,573
4$4,512,795$1,627,922$180,512$2,704,361
5$4,738,434$1,711,408$189,537$2,837,488
6$4,975,356$1,799,069$199,014$2,977,272
7$5,224,124$1,891,114$208,965$3,124,045
8$5,485,330$1,987,760$219,413$3,278,157
9$5,759,597$2,089,239$230,384$3,439,974
10$6,047,576$2,195,791$241,903$3,609,882
11$6,349,955$2,307,671$253,998$3,788,286
12$6,667,453$2,425,145$266,698$3,975,610
13$7,000,826$2,548,493$280,033$4,172,299
14$7,350,867$2,678,009$294,035$4,378,824
15$7,718,410$2,814,000$308,736$4,595,674
16$8,104,331$2,956,790$324,173$4,823,367
17$8,509,547$3,106,720$340,382$5,062,445
18$8,935,025$3,264,147$357,401$5,313,477
19$9,381,776$3,429,445$375,271$5,577,060
20$9,850,865$3,603,008$394,035$5,853,822
21$10,343,408$3,785,249$413,736$6,144,423
22$10,860,578$3,976,602$434,423$6,449,553
23$11,403,607$4,177,522$456,144$6,769,941
24$11,973,788$4,388,489$478,952$7,106,347
25$12,572,477$4,610,004$502,899$7,459,574
26$13,201,101$4,842,595$528,044$7,830,462
27$13,861,156$5,086,815$554,446$8,219,894
28$14,554,214$5,343,247$582,169$8,628,798
29$15,281,924$5,612,500$611,277$9,058,148
30$16,046,021$5,895,215$641,841$9,508,964
Total$259,000,001$94,575,633$10,360,000$154,064,365

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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.