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New Hampshire Mega Millions Jackpot Annuity Payout Schedule for Jan 23, 2024

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The tax information provided here is based on 2025 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 $262,000,000 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:Tue, Jan 23, 2024
Jackpot:$262,000,000
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$3,943,476$1,416,106$0$2,527,370
2$4,140,650$1,489,061$0$2,651,589
3$4,347,682$1,565,663$0$2,782,020
4$4,565,067$1,646,095$0$2,918,972
5$4,793,320$1,730,549$0$3,062,771
6$5,032,986$1,819,225$0$3,213,761
7$5,284,635$1,912,335$0$3,372,300
8$5,548,867$2,010,101$0$3,538,766
9$5,826,310$2,112,755$0$3,713,555
10$6,117,626$2,220,542$0$3,897,084
11$6,423,507$2,333,718$0$4,089,789
12$6,744,682$2,452,553$0$4,292,130
13$7,081,916$2,577,329$0$4,504,587
14$7,436,012$2,708,345$0$4,727,667
15$7,807,813$2,845,911$0$4,961,902
16$8,198,203$2,990,356$0$5,207,848
17$8,608,113$3,142,022$0$5,466,091
18$9,038,519$3,301,272$0$5,737,247
19$9,490,445$3,468,485$0$6,021,960
20$9,964,967$3,644,058$0$6,320,909
21$10,463,216$3,828,410$0$6,634,806
22$10,986,377$4,021,980$0$6,964,397
23$11,535,695$4,225,228$0$7,310,468
24$12,112,480$4,438,638$0$7,673,842
25$12,718,104$4,662,719$0$8,055,385
26$13,354,010$4,898,004$0$8,456,006
27$14,021,710$5,145,053$0$8,876,657
28$14,722,795$5,404,454$0$9,318,341
29$15,458,935$5,676,826$0$9,782,109
30$16,231,882$5,962,817$0$10,269,065
Total$262,000,001$95,650,610$0$166,349,394

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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.