USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Apr 26, 2005

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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 $10,000,000 for a ticket purchased in New York, 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 York

Drawing Date:Tue, Apr 26, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$28,970$16,406$105,138
2$158,040$30,777$17,226$110,037
3$165,942$32,673$18,088$115,181
4$174,239$34,664$18,992$120,583
5$182,951$36,755$19,942$126,254
6$192,099$38,951$20,939$132,209
7$201,704$41,608$21,986$138,110
8$211,789$44,835$23,085$143,868
9$222,378$48,224$24,239$149,915
10$233,497$51,782$25,451$156,264
11$245,172$55,518$26,724$162,930
12$257,431$59,648$28,060$169,723
13$270,302$64,153$29,463$176,686
14$283,817$68,883$30,936$183,998
15$298,008$73,850$32,483$191,675
16$312,909$79,065$34,107$199,736
17$328,554$84,541$35,812$208,200
18$344,982$90,291$37,603$217,088
19$362,231$96,328$39,483$226,420
20$380,342$102,667$41,457$236,218
21$399,359$109,323$43,530$246,506
22$419,327$116,312$45,707$257,309
23$440,294$123,650$47,992$268,652
24$462,308$131,355$50,392$280,562
25$485,424$139,446$52,911$293,067
26$509,695$147,941$55,557$306,198
27$535,180$156,860$58,335$319,985
28$561,939$166,226$61,251$334,462
29$590,036$176,060$64,314$349,662
30$619,537$186,385$67,530$365,623
Total$10,000,000$2,617,741$1,090,001$6,292,259

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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.