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New Hampshire Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 2023

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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 $1,348,000,000 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 prize money, as well as deductions claimed.

State:

New Hampshire

Drawing Date:Fri, Jan 13, 2023
Jackpot:$1,348,000,000
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$20,289,334$7,470,009$0$12,819,326
2$21,303,801$7,845,362$0$13,458,440
3$22,368,991$8,239,482$0$14,129,509
4$23,487,441$8,653,308$0$14,834,133
5$24,661,812$9,087,826$0$15,573,987
6$25,894,903$9,544,069$0$16,350,834
7$27,189,649$10,023,125$0$17,166,524
8$28,549,132$10,526,134$0$18,022,998
9$29,976,588$11,054,293$0$18,922,296
10$31,475,417$11,608,859$0$19,866,558
11$33,049,188$12,191,155$0$20,858,034
12$34,701,648$12,802,565$0$21,899,083
13$36,436,730$13,444,545$0$22,992,185
14$38,258,567$14,118,625$0$24,139,942
15$40,171,495$14,826,408$0$25,345,087
16$42,180,070$15,569,581$0$26,610,489
17$44,289,072$16,349,912$0$27,939,161
18$46,503,526$17,169,260$0$29,334,267
19$48,828,702$18,029,575$0$30,799,128
20$51,270,138$18,932,906$0$32,337,232
21$53,833,644$19,881,403$0$33,952,241
22$56,525,327$20,877,326$0$35,648,001
23$59,351,593$21,923,045$0$37,428,549
24$62,319,172$23,021,049$0$39,298,124
25$65,435,131$24,173,953$0$41,261,177
26$68,706,889$25,384,504$0$43,322,385
27$72,142,233$26,655,581$0$45,486,652
28$75,749,344$27,990,212$0$47,759,131
29$79,536,811$29,391,575$0$50,145,236
30$83,513,652$30,863,006$0$52,650,646
Total$1,348,000,003$497,648,653$0$850,351,355

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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.