USA Mega

New Hampshire Mega Millions Jackpot Annuity Payout Schedule for Mar 6, 1998

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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 $15,000,000 for a ticket purchased in New Hampshire, 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:

New Hampshire

Drawing Date:Fri, Mar 6, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,933$0$175,838
2$237,060$53,546$0$183,514
3$248,913$57,494$0$191,419
4$261,359$61,850$0$199,508
5$274,427$66,424$0$208,003
6$288,148$71,227$0$216,921
7$302,555$76,269$0$226,286
8$317,683$81,564$0$236,119
9$333,567$87,123$0$246,444
10$350,246$92,961$0$257,285
11$367,758$99,090$0$268,668
12$386,146$105,526$0$280,620
13$405,453$112,283$0$293,170
14$425,726$119,379$0$306,347
15$447,012$126,829$0$320,183
16$469,363$134,652$0$334,711
17$492,831$142,866$0$349,965
18$517,472$151,490$0$365,982
19$543,346$160,546$0$382,800
20$570,513$170,054$0$400,459
21$599,039$180,038$0$419,001
22$628,991$190,914$0$438,077
23$660,441$202,551$0$457,890
24$693,463$214,769$0$478,694
25$728,136$227,598$0$500,538
26$764,543$241,068$0$523,474
27$802,770$255,213$0$547,557
28$842,908$270,064$0$572,844
29$885,054$285,658$0$599,396
30$929,306$302,031$0$627,275
Total$15,000,000$4,391,010$0$10,608,988

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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.