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New Hampshire Mega Millions Jackpot Annuity Payout Schedule for Aug 21, 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 $22,000,000 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, Aug 21, 1998
Jackpot:$22,000,000
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$331,132$86,271$0$244,861
2$347,688$92,066$0$255,623
3$365,073$98,150$0$266,922
4$383,326$104,539$0$278,787
5$402,492$111,247$0$291,245
6$422,617$118,291$0$304,326
7$443,748$125,687$0$318,061
8$465,935$133,452$0$332,483
9$489,232$141,606$0$347,626
10$513,694$150,168$0$363,526
11$539,378$159,157$0$380,221
12$566,347$168,596$0$397,751
13$594,665$178,507$0$416,157
14$624,398$189,215$0$435,183
15$655,618$200,766$0$454,852
16$688,399$212,895$0$475,503
17$722,819$225,631$0$497,188
18$758,960$239,003$0$519,957
19$796,908$253,044$0$543,864
20$836,753$267,786$0$568,967
21$878,591$283,266$0$595,324
22$922,520$299,520$0$623,000
23$968,646$316,587$0$652,059
24$1,017,078$334,507$0$682,572
25$1,067,932$353,323$0$714,610
26$1,121,329$373,079$0$748,250
27$1,177,395$393,824$0$783,571
28$1,236,265$415,606$0$820,659
29$1,298,079$438,477$0$859,602
30$1,362,982$462,491$0$900,491
Total$22,000,000$6,926,757$0$15,073,241

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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.