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New Jersey Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

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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 $93,000,000 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, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$474,940$150,477$774,367
2$1,469,773$500,836$158,001$810,936
3$1,543,261$528,027$165,901$849,334
4$1,620,424$556,577$174,196$889,651
5$1,701,446$586,555$182,905$931,985
6$1,786,518$618,032$192,051$976,435
7$1,875,844$651,082$201,653$1,023,108
8$1,969,636$685,786$211,736$1,072,115
9$2,068,118$722,224$222,323$1,123,571
10$2,171,524$760,484$233,439$1,177,601
11$2,280,100$800,657$245,111$1,234,332
12$2,394,105$842,839$257,366$1,293,899
13$2,513,810$887,130$270,235$1,356,445
14$2,639,501$933,635$283,746$1,422,119
15$2,771,476$982,466$297,934$1,491,076
16$2,910,049$1,033,739$312,830$1,563,481
17$3,055,552$1,087,574$328,472$1,639,506
18$3,208,329$1,144,102$344,895$1,719,332
19$3,368,746$1,203,456$362,140$1,803,149
20$3,537,183$1,265,778$380,247$1,891,158
21$3,714,042$1,331,216$399,260$1,983,567
22$3,899,744$1,399,926$419,223$2,080,596
23$4,094,732$1,472,071$440,184$2,182,477
24$4,299,468$1,547,823$462,193$2,289,452
25$4,514,442$1,627,364$485,302$2,401,775
26$4,740,164$1,710,881$509,568$2,519,715
27$4,977,172$1,798,574$535,046$2,643,552
28$5,226,030$1,890,651$561,798$2,773,581
29$5,487,332$1,987,333$589,888$2,910,111
30$5,761,699$2,088,849$619,383$3,053,467
Total$93,000,000$33,120,607$9,997,503$49,881,893

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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.