USA Mega

Minnesota Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 2023

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

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 $183,000,000 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:Tue, Sep 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$271,310$1,505,783
2$2,892,133$1,028,277$284,875$1,578,981
3$3,036,740$1,081,782$299,119$1,655,839
4$3,188,577$1,137,961$314,075$1,736,541
5$3,348,006$1,196,950$329,779$1,821,277
6$3,515,406$1,258,888$346,267$1,910,251
7$3,691,176$1,323,923$363,581$2,003,673
8$3,875,735$1,392,210$381,760$2,101,766
9$4,069,522$1,463,911$400,848$2,204,763
10$4,272,998$1,539,197$420,890$2,312,911
11$4,486,648$1,618,247$441,935$2,426,466
12$4,710,980$1,701,250$464,032$2,545,698
13$4,946,529$1,788,404$487,233$2,670,893
14$5,193,856$1,879,914$511,595$2,802,347
15$5,453,549$1,976,001$537,175$2,940,373
16$5,726,226$2,076,891$564,033$3,085,301
17$6,012,537$2,182,827$592,235$3,237,476
18$6,313,164$2,294,059$621,847$3,397,259
19$6,628,822$2,410,852$652,939$3,565,031
20$6,960,264$2,533,485$685,586$3,741,192
21$7,308,277$2,662,250$719,865$3,926,161
22$7,673,691$2,797,453$755,859$4,120,379
23$8,057,375$2,939,417$793,651$4,324,307
24$8,460,244$3,088,478$833,334$4,538,432
25$8,883,256$3,244,992$875,001$4,763,263
26$9,327,419$3,409,333$918,751$4,999,335
27$9,793,790$3,581,890$964,688$5,247,212
28$10,283,479$3,763,075$1,012,923$5,507,481
29$10,797,653$3,953,319$1,063,569$5,780,765
30$11,337,536$4,153,076$1,116,747$6,067,713
Total$183,000,000$66,455,632$18,025,502$98,518,869

◄ 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.