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Kentucky Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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:Fri, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$905,570$11,809,450
2$21,129,957$7,781,039$950,848$12,398,070
3$22,186,455$8,171,943$998,390$13,016,121
4$23,295,778$8,582,393$1,048,310$13,665,075
5$24,460,566$9,013,364$1,100,725$14,346,476
6$25,683,595$9,465,885$1,155,762$15,061,948
7$26,967,775$9,941,032$1,213,550$15,813,194
8$28,316,164$10,439,936$1,274,227$16,602,001
9$29,731,972$10,963,785$1,337,939$17,430,249
10$31,218,570$11,513,826$1,404,836$18,299,909
11$32,779,499$12,091,370$1,475,077$19,213,052
12$34,418,474$12,697,790$1,548,831$20,171,852
13$36,139,397$13,334,532$1,626,273$21,178,593
14$37,946,368$14,003,111$1,707,587$22,235,670
15$39,843,686$14,705,119$1,792,966$23,345,601
16$41,835,870$15,442,227$1,882,614$24,511,029
17$43,927,663$16,216,190$1,976,745$25,734,728
18$46,124,047$17,028,852$2,075,582$27,019,612
19$48,430,249$17,882,147$2,179,361$28,368,740
20$50,851,761$18,778,107$2,288,329$29,785,325
21$53,394,349$19,718,864$2,402,746$31,272,739
22$56,064,067$20,706,660$2,522,883$32,834,524
23$58,867,270$21,743,845$2,649,027$34,474,398
24$61,810,633$22,832,889$2,781,478$36,196,265
25$64,901,165$23,976,386$2,920,552$38,004,226
26$68,146,224$25,177,058$3,066,580$39,902,586
27$71,553,535$26,437,763$3,219,909$41,895,863
28$75,131,211$27,761,503$3,380,904$43,988,803
29$78,887,772$29,151,431$3,549,950$46,186,391
30$82,832,161$30,610,855$3,727,447$48,493,859
Total$1,337,000,003$493,578,651$60,164,998$783,256,349

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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.