USA Mega

New Jersey Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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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 $9,000,000 for a ticket purchased in New Jersey, 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 Jersey

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$14,562$95,543
2$142,236$26,984$15,290$99,962
3$149,348$28,690$16,055$104,602
4$156,815$30,483$16,858$109,475
5$164,656$32,364$17,701$114,591
6$172,889$34,340$18,586$119,963
7$181,533$36,415$19,515$125,603
8$190,610$38,593$20,491$131,526
9$200,140$41,108$21,515$137,517
10$210,147$44,310$22,591$143,246
11$220,655$47,673$23,720$149,262
12$231,688$51,203$24,906$155,578
13$243,272$54,910$26,152$162,210
14$255,436$58,950$27,459$169,027
15$268,207$63,420$28,832$175,955
16$281,618$68,113$30,274$183,230
17$295,699$73,042$31,788$190,869
18$310,483$78,216$33,377$198,890
19$326,008$83,650$35,046$207,312
20$342,308$89,355$36,798$216,155
21$359,423$95,345$38,638$225,440
22$377,395$101,635$40,570$235,189
23$396,264$108,240$42,598$245,426
24$416,078$115,174$44,728$256,175
25$436,881$122,456$46,965$267,461
26$458,726$130,101$49,313$279,311
27$481,662$138,129$51,779$291,754
28$505,745$146,558$54,368$304,819
29$531,032$155,408$57,086$318,538
30$557,584$164,702$59,940$332,942
Total$9,000,000$2,284,925$967,501$5,747,571

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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.