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New Jersey Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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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 $321,000,000 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:Tue, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$519,387$2,566,277
2$5,073,086$1,835,230$545,357$2,692,500
3$5,326,740$1,929,082$572,625$2,825,034
4$5,593,078$2,027,626$601,256$2,964,195
5$5,872,731$2,131,098$631,319$3,110,314
6$6,166,368$2,239,744$662,885$3,263,740
7$6,474,687$2,353,822$696,029$3,424,836
8$6,798,421$2,473,603$730,830$3,593,987
9$7,138,342$2,599,374$767,372$3,771,596
10$7,495,259$2,731,434$805,740$3,958,085
11$7,870,022$2,870,096$846,027$4,153,899
12$8,263,523$3,015,691$888,329$4,359,503
13$8,676,699$3,168,566$932,745$4,575,387
14$9,110,534$3,329,085$979,382$4,802,066
15$9,566,061$3,497,630$1,028,352$5,040,079
16$10,044,364$3,674,602$1,079,769$5,289,992
17$10,546,582$3,860,423$1,133,758$5,552,401
18$11,073,911$4,055,535$1,190,445$5,827,931
19$11,627,606$4,260,402$1,249,968$6,117,237
20$12,208,987$4,475,513$1,312,466$6,421,008
21$12,819,436$4,701,379$1,378,089$6,739,968
22$13,460,408$4,938,539$1,446,994$7,074,875
23$14,133,428$5,187,556$1,519,344$7,426,529
24$14,840,100$5,449,025$1,595,311$7,795,764
25$15,582,105$5,723,566$1,675,076$8,183,462
26$16,361,210$6,011,836$1,758,830$8,590,545
27$17,179,271$6,314,518$1,846,772$9,017,981
28$18,038,234$6,632,334$1,939,110$9,466,789
29$18,940,146$6,966,042$2,036,066$9,938,038
30$19,887,153$7,316,434$2,137,869$10,432,850
Total$321,000,001$117,515,632$34,507,502$168,976,868

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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.