USA Mega

New Hampshire Mega Millions Jackpot Annuity Payout Schedule for Sep 1, 2023

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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 $85,000,000 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, Sep 1, 2023
Jackpot:$85,000,000
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$1,279,372$431,555$0$847,817
2$1,343,341$455,224$0$888,117
3$1,410,508$480,076$0$930,432
4$1,481,033$506,170$0$974,863
5$1,555,085$533,569$0$1,021,516
6$1,632,839$562,338$0$1,070,501
7$1,714,481$592,546$0$1,121,935
8$1,800,205$624,264$0$1,175,941
9$1,890,215$657,567$0$1,232,648
10$1,984,726$692,536$0$1,292,190
11$2,083,962$729,254$0$1,354,708
12$2,188,160$767,807$0$1,420,353
13$2,297,568$808,288$0$1,489,280
14$2,412,447$850,793$0$1,561,654
15$2,533,069$895,423$0$1,637,646
16$2,659,723$942,285$0$1,717,437
17$2,792,709$991,490$0$1,801,219
18$2,932,344$1,043,155$0$1,889,189
19$3,078,961$1,097,403$0$1,981,558
20$3,232,909$1,154,364$0$2,078,545
21$3,394,555$1,214,173$0$2,180,382
22$3,564,282$1,276,972$0$2,287,310
23$3,742,497$1,342,911$0$2,399,585
24$3,929,621$1,412,148$0$2,517,474
25$4,126,102$1,484,846$0$2,641,257
26$4,332,408$1,561,179$0$2,771,229
27$4,549,028$1,641,328$0$2,907,700
28$4,776,479$1,725,485$0$3,050,994
29$5,015,303$1,813,850$0$3,201,453
30$5,266,069$1,906,633$0$3,359,435
Total$85,000,000$30,195,632$0$54,804,368

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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.