USA Mega

Minnesota Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $284,000,000 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 prize money, as well as deductions claimed.

State:

Minnesota

Drawing Date:Fri, Nov 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$421,049$2,308,999
2$4,488,338$1,623,640$442,101$2,422,597
3$4,712,755$1,706,674$464,206$2,541,874
4$4,948,393$1,793,860$487,417$2,667,116
5$5,195,812$1,885,405$511,787$2,798,619
6$5,455,603$1,981,528$537,377$2,936,698
7$5,728,383$2,082,457$564,246$3,081,681
8$6,014,802$2,188,432$592,458$3,233,912
9$6,315,542$2,299,706$622,081$3,393,756
10$6,631,319$2,416,543$653,185$3,561,591
11$6,962,885$2,539,223$685,844$3,737,819
12$7,311,030$2,668,036$720,136$3,922,857
13$7,676,581$2,803,290$756,143$4,117,148
14$8,060,410$2,945,307$793,950$4,321,153
15$8,463,431$3,094,424$833,648$4,535,358
16$8,886,602$3,250,998$875,330$4,760,274
17$9,330,932$3,415,400$919,097$4,996,435
18$9,797,479$3,588,022$965,052$5,244,405
19$10,287,353$3,769,276$1,013,304$5,504,773
20$10,801,720$3,959,592$1,063,969$5,778,159
21$11,341,806$4,159,423$1,117,168$6,065,215
22$11,908,897$4,369,247$1,173,026$6,366,624
23$12,504,342$4,589,561$1,231,678$6,683,103
24$13,129,559$4,820,892$1,293,262$7,015,405
25$13,786,036$5,063,789$1,357,925$7,364,323
26$14,475,339$5,318,830$1,425,821$7,730,687
27$15,199,105$5,586,624$1,497,112$8,115,370
28$15,959,061$5,867,807$1,571,967$8,519,286
29$16,757,014$6,163,050$1,650,566$8,943,398
30$17,594,864$6,473,055$1,733,094$9,388,715
Total$284,000,001$103,968,651$27,973,999$152,057,350

◄ Back to Jackpot Analysis

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.