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New Jersey Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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:Fri, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$574,400$2,828,898
2$5,610,422$2,038,811$603,120$2,968,491
3$5,890,943$2,142,604$633,276$3,115,063
4$6,185,491$2,251,587$664,940$3,268,964
5$6,494,765$2,366,018$698,187$3,430,560
6$6,819,503$2,486,171$733,097$3,600,236
7$7,160,479$2,612,332$769,751$3,778,395
8$7,518,503$2,744,801$808,239$3,965,463
9$7,894,428$2,883,893$848,651$4,161,884
10$8,289,149$3,029,940$891,084$4,368,125
11$8,703,607$3,183,289$935,638$4,584,680
12$9,138,787$3,344,306$982,420$4,812,061
13$9,595,726$3,513,374$1,031,541$5,050,812
14$10,075,513$3,690,895$1,083,118$5,301,500
15$10,579,288$3,877,292$1,137,273$5,564,723
16$11,108,253$4,073,009$1,194,137$5,841,107
17$11,663,665$4,278,511$1,253,844$6,131,310
18$12,246,849$4,494,289$1,316,536$6,436,023
19$12,859,191$4,720,856$1,382,363$6,755,972
20$13,502,151$4,958,751$1,451,481$7,091,919
21$14,177,258$5,208,540$1,524,055$7,444,662
22$14,886,121$5,470,820$1,600,258$7,815,043
23$15,630,427$5,746,213$1,680,271$8,203,943
24$16,411,948$6,035,376$1,764,284$8,612,288
25$17,232,546$6,338,997$1,852,499$9,041,050
26$18,094,173$6,657,799$1,945,124$9,491,251
27$18,998,882$6,992,541$2,042,380$9,963,961
28$19,948,826$7,344,020$2,144,499$10,460,306
29$20,946,267$7,713,074$2,251,724$10,981,470
30$21,993,581$8,100,580$2,364,310$11,528,691
Total$355,000,001$130,238,650$38,162,500$186,598,851

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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.