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Kentucky Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 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 $169,000,000 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, Sep 2, 2022
Jackpot:$169,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,543,693$899,354$101,748$1,542,591
2$2,670,877$946,412$106,835$1,617,630
3$2,804,421$995,824$112,177$1,696,421
4$2,944,642$1,047,705$117,786$1,779,151
5$3,091,874$1,102,181$123,675$1,866,018
6$3,246,468$1,159,381$129,859$1,957,228
7$3,408,791$1,219,441$136,352$2,052,999
8$3,579,231$1,282,503$143,169$2,153,558
9$3,758,192$1,348,719$150,328$2,259,146
10$3,946,102$1,418,245$157,844$2,370,012
11$4,143,407$1,491,248$165,736$2,486,422
12$4,350,577$1,567,901$174,023$2,608,653
13$4,568,106$1,648,387$182,724$2,736,995
14$4,796,512$1,732,897$191,860$2,871,754
15$5,036,337$1,821,633$201,453$3,013,251
16$5,288,154$1,914,805$211,526$3,161,823
17$5,552,562$2,012,636$222,102$3,317,824
18$5,830,190$2,115,358$233,208$3,481,624
19$6,121,699$2,223,217$244,868$3,653,615
20$6,427,784$2,336,468$257,111$3,834,205
21$6,749,174$2,455,382$269,967$4,023,825
22$7,086,632$2,580,242$283,465$4,222,925
23$7,440,964$2,711,344$297,639$4,431,981
24$7,813,012$2,849,002$312,520$4,651,489
25$8,203,663$2,993,543$328,147$4,881,973
26$8,613,846$3,145,311$344,554$5,123,981
27$9,044,538$3,304,667$361,782$5,378,090
28$9,496,765$3,471,991$379,871$5,644,904
29$9,971,603$3,647,681$398,864$5,925,058
30$10,470,183$3,832,156$418,807$6,219,220
Total$169,000,000$61,275,634$6,760,000$100,964,366

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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.