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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 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 $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 prize 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: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$175,424$2,317,563
2$4,093,238$1,477,453$184,196$2,431,589
3$4,297,900$1,553,178$193,405$2,551,316
4$4,512,795$1,632,689$203,076$2,677,030
5$4,738,434$1,716,176$213,230$2,809,029
6$4,975,356$1,803,837$223,891$2,947,628
7$5,224,124$1,895,881$235,086$3,093,158
8$5,485,330$1,992,527$246,840$3,245,963
9$5,759,597$2,094,006$259,182$3,406,409
10$6,047,576$2,200,558$272,141$3,574,877
11$6,349,955$2,312,438$285,748$3,751,769
12$6,667,453$2,429,913$300,035$3,937,505
13$7,000,826$2,553,261$315,037$4,132,528
14$7,350,867$2,682,776$330,789$4,337,302
15$7,718,410$2,818,767$347,328$4,552,315
16$8,104,331$2,961,557$364,695$4,778,079
17$8,509,547$3,111,488$382,930$5,015,130
18$8,935,025$3,268,914$402,076$5,264,034
19$9,381,776$3,434,212$422,180$5,525,384
20$9,850,865$3,607,775$443,289$5,799,801
21$10,343,408$3,790,016$465,453$6,087,939
22$10,860,578$3,981,369$488,726$6,390,483
23$11,403,607$4,182,290$513,162$6,708,155
24$11,973,788$4,393,256$538,820$7,041,711
25$12,572,477$4,614,771$565,761$7,391,944
26$13,201,101$4,847,362$594,050$7,759,689
27$13,861,156$5,091,583$623,752$8,145,821
28$14,554,214$5,348,014$654,940$8,551,260
29$15,281,924$5,617,267$687,687$8,976,971
30$16,046,021$5,899,983$722,071$9,423,967
Total$259,000,001$94,718,651$11,655,000$152,626,349

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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.