USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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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 $77,000,000 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 prize money, as well as deductions claimed.

State:

New York

Drawing Date:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$126,327$640,863
2$1,216,909$413,211$132,643$671,054
3$1,277,754$435,724$139,275$702,755
4$1,341,642$459,362$146,239$736,040
5$1,408,724$484,183$153,551$770,990
6$1,479,160$510,244$161,228$807,687
7$1,553,118$537,609$169,290$846,219
8$1,630,774$566,341$177,754$886,678
9$1,712,313$596,511$186,642$929,160
10$1,797,928$628,188$195,974$973,766
11$1,887,825$661,450$205,773$1,020,602
12$1,982,216$696,375$216,062$1,069,779
13$2,081,327$733,046$226,865$1,121,416
14$2,185,393$771,550$238,208$1,175,635
15$2,294,663$811,980$250,118$1,232,564
16$2,409,396$854,431$262,624$1,292,340
17$2,529,865$899,005$275,755$1,355,105
18$2,656,359$945,808$289,543$1,421,008
19$2,789,177$994,950$304,020$1,490,206
20$2,928,635$1,046,550$319,221$1,562,864
21$3,075,067$1,100,730$335,182$1,639,155
22$3,228,821$1,157,619$351,941$1,719,261
23$3,390,262$1,217,352$369,539$1,803,371
24$3,559,775$1,280,072$388,015$1,891,688
25$3,737,763$1,345,927$407,416$1,984,420
26$3,924,652$1,415,076$427,787$2,081,789
27$4,120,884$1,487,682$449,176$2,184,026
28$4,326,928$1,563,918$471,635$2,291,375
29$4,543,275$1,643,967$495,217$2,404,091
30$4,770,439$1,728,017$519,978$2,522,444
Total$77,000,000$27,378,648$8,392,998$41,228,351

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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.