USA Mega

Minnesota Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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The tax information provided here is based on 2025 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 $9,000,000 for a ticket purchased in Minnesota, 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:

Minnesota

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$13,343$96,762
2$142,236$26,984$14,010$101,242
3$149,348$28,690$14,711$105,947
4$156,815$30,483$15,446$110,886
5$164,656$32,364$16,219$116,073
6$172,889$34,340$17,030$121,519
7$181,533$36,415$17,881$127,237
8$190,610$38,593$18,775$133,241
9$200,140$41,108$19,714$139,319
10$210,147$44,310$20,700$145,138
11$220,655$47,673$21,734$151,248
12$231,688$51,203$22,821$157,663
13$243,272$54,910$23,962$164,400
14$255,436$58,950$25,160$171,325
15$268,207$63,420$26,418$178,369
16$281,618$68,113$27,739$185,765
17$295,699$73,042$29,126$193,531
18$310,483$78,216$30,583$201,684
19$326,008$83,650$32,112$210,246
20$342,308$89,355$33,717$219,236
21$359,423$95,345$35,403$228,675
22$377,395$101,635$37,173$238,586
23$396,264$108,240$39,032$248,993
24$416,078$115,174$40,984$259,920
25$436,881$122,456$43,033$271,393
26$458,726$130,101$45,184$283,440
27$481,662$138,129$47,444$296,089
28$505,745$146,558$49,816$309,371
29$531,032$155,408$52,307$323,317
30$557,584$164,702$54,922$337,960
Total$9,000,000$2,284,925$886,499$5,828,575

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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.