USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$526,635$2,559,029
2$5,073,086$1,835,230$552,966$2,684,890
3$5,326,740$1,929,082$580,615$2,817,044
4$5,593,078$2,027,626$609,645$2,955,806
5$5,872,731$2,131,098$640,128$3,101,505
6$6,166,368$2,239,744$672,134$3,254,490
7$6,474,687$2,353,822$705,741$3,415,124
8$6,798,421$2,473,603$741,028$3,583,789
9$7,138,342$2,599,374$778,079$3,760,888
10$7,495,259$2,731,434$816,983$3,946,842
11$7,870,022$2,870,096$857,832$4,142,094
12$8,263,523$3,015,691$900,724$4,347,108
13$8,676,699$3,168,566$945,760$4,562,372
14$9,110,534$3,329,085$993,048$4,788,400
15$9,566,061$3,497,630$1,042,701$5,025,730
16$10,044,364$3,674,602$1,094,836$5,274,926
17$10,546,582$3,860,423$1,149,577$5,536,581
18$11,073,911$4,055,535$1,207,056$5,811,320
19$11,627,606$4,260,402$1,267,409$6,099,795
20$12,208,987$4,475,513$1,330,780$6,402,694
21$12,819,436$4,701,379$1,397,319$6,720,738
22$13,460,408$4,938,539$1,467,184$7,054,685
23$14,133,428$5,187,556$1,540,544$7,405,328
24$14,840,100$5,449,025$1,617,571$7,773,504
25$15,582,105$5,723,566$1,698,449$8,160,089
26$16,361,210$6,011,836$1,783,372$8,566,003
27$17,179,271$6,314,518$1,872,540$8,992,212
28$18,038,234$6,632,334$1,966,167$9,439,732
29$18,940,146$6,966,042$2,064,476$9,909,628
30$19,887,153$7,316,434$2,167,700$10,403,019
Total$321,000,001$117,515,632$34,988,999$168,495,365

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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.