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New Jersey Mega Millions Jackpot Annuity Payout Schedule for Nov 11, 2022

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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 $189,000,000 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, Nov 11, 2022
Jackpot:$189,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,844,721$1,010,735$305,808$1,528,179
2$2,986,957$1,063,362$321,098$1,602,497
3$3,136,305$1,118,621$337,153$1,680,532
4$3,293,121$1,176,642$354,010$1,762,468
5$3,457,776$1,237,565$371,711$1,848,500
6$3,630,665$1,301,534$390,297$1,938,835
7$3,812,199$1,368,701$409,811$2,033,686
8$4,002,809$1,439,227$430,302$2,133,280
9$4,202,949$1,513,279$451,817$2,237,853
10$4,413,096$1,591,033$474,408$2,347,655
11$4,633,751$1,672,676$498,128$2,462,947
12$4,865,439$1,758,400$523,035$2,584,004
13$5,108,711$1,848,411$549,186$2,711,114
14$5,364,146$1,942,922$576,646$2,844,579
15$5,632,353$2,042,159$605,478$2,984,717
16$5,913,971$2,146,357$635,752$3,131,862
17$6,209,670$2,255,766$667,539$3,286,365
18$6,520,153$2,370,644$700,916$3,448,592
19$6,846,161$2,491,267$735,962$3,618,931
20$7,188,469$2,617,921$772,760$3,797,787
21$7,547,892$2,750,908$811,398$3,985,586
22$7,925,287$2,890,544$851,968$4,182,775
23$8,321,551$3,037,162$894,567$4,389,823
24$8,737,629$3,191,110$939,295$4,607,223
25$9,174,510$3,352,757$986,260$4,835,494
26$9,633,236$3,522,485$1,035,573$5,075,178
27$10,114,898$3,700,700$1,087,351$5,326,846
28$10,620,642$3,887,825$1,141,719$5,591,098
29$11,151,675$4,084,307$1,198,805$5,868,562
30$11,709,258$4,290,613$1,258,745$6,159,900
Total$189,000,000$68,675,633$20,317,498$100,006,868

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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.