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New Jersey Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 2022

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The tax information provided here is based on 2022 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 $325,000,000 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 prize money, as well as deductions claimed.

State:

New Jersey

Drawing Date:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$525,860$2,592,967
2$5,136,302$1,863,387$552,152$2,720,763
3$5,393,117$1,958,408$579,760$2,854,949
4$5,662,773$2,058,181$608,748$2,995,844
5$5,945,912$2,162,942$639,186$3,143,784
6$6,243,207$2,272,942$671,145$3,299,121
7$6,555,368$2,388,441$704,702$3,462,225
8$6,883,136$2,509,715$739,937$3,633,484
9$7,227,293$2,637,053$776,934$3,813,306
10$7,588,658$2,770,758$815,781$4,002,119
11$7,968,091$2,911,149$856,570$4,200,372
12$8,366,495$3,058,558$899,398$4,408,539
13$8,784,820$3,213,338$944,368$4,627,113
14$9,224,061$3,375,858$991,587$4,856,617
15$9,685,264$3,546,503$1,041,166$5,097,595
16$10,169,527$3,725,680$1,093,224$5,350,623
17$10,678,003$3,913,816$1,147,885$5,616,302
18$11,211,904$4,111,359$1,205,280$5,895,265
19$11,772,499$4,318,780$1,265,544$6,188,176
20$12,361,124$4,536,571$1,328,821$6,495,732
21$12,979,180$4,765,252$1,395,262$6,818,666
22$13,628,139$5,005,366$1,465,025$7,157,748
23$14,309,546$5,257,487$1,538,276$7,513,783
24$15,025,023$5,522,214$1,615,190$7,887,620
25$15,776,274$5,800,176$1,695,949$8,280,148
26$16,565,088$6,092,038$1,780,747$8,692,304
27$17,393,343$6,398,492$1,869,784$9,125,066
28$18,263,009$6,720,268$1,963,274$9,579,467
29$19,176,160$7,058,134$2,061,437$10,056,589
30$20,134,968$7,412,893$2,164,509$10,557,566
Total$325,000,001$119,138,649$34,937,501$170,923,853

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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.