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Michigan Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 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 $210,000,000 for a ticket purchased in Michigan, 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:

Michigan

Drawing Date:Fri, Sep 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$134,334$1,898,783
2$3,318,841$1,186,159$141,051$1,991,632
3$3,484,783$1,247,558$148,103$2,089,123
4$3,659,023$1,312,026$155,508$2,191,488
5$3,841,974$1,379,718$163,284$2,298,972
6$4,034,072$1,450,795$171,448$2,411,830
7$4,235,776$1,525,425$180,020$2,530,331
8$4,447,565$1,603,787$189,022$2,654,757
9$4,669,943$1,686,067$198,473$2,785,404
10$4,903,440$1,772,461$208,396$2,922,583
11$5,148,612$1,863,174$218,816$3,066,622
12$5,406,043$1,958,424$229,757$3,217,863
13$5,676,345$2,058,435$241,245$3,376,665
14$5,960,162$2,163,448$253,307$3,543,408
15$6,258,171$2,273,711$265,972$3,718,487
16$6,571,079$2,389,487$279,271$3,902,321
17$6,899,633$2,511,052$293,234$4,095,347
18$7,244,615$2,638,695$307,896$4,298,023
19$7,606,845$2,772,721$323,291$4,510,834
20$7,987,188$2,913,447$339,455$4,734,285
21$8,386,547$3,061,210$356,428$4,968,909
22$8,805,874$3,216,361$374,250$5,215,263
23$9,246,168$3,379,270$392,962$5,473,936
24$9,708,476$3,550,324$412,610$5,745,542
25$10,193,900$3,729,931$433,241$6,030,729
26$10,703,595$3,918,518$454,903$6,330,175
27$11,238,775$4,116,535$477,648$6,644,593
28$11,800,714$4,324,452$501,530$6,974,732
29$12,390,749$4,542,765$526,607$7,321,378
30$13,010,287$4,771,994$552,937$7,685,356
Total$210,000,000$76,445,634$8,924,999$124,629,371

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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.