USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$739,913$3,573,696
2$7,127,607$2,600,170$776,909$3,750,528
3$7,483,987$2,732,030$815,755$3,936,202
4$7,858,187$2,870,484$856,542$4,131,160
5$8,251,096$3,015,861$899,369$4,335,866
6$8,663,651$3,168,506$944,338$4,550,807
7$9,096,834$3,328,783$991,555$4,776,495
8$9,551,675$3,497,075$1,041,133$5,013,468
9$10,029,259$3,673,781$1,093,189$5,262,289
10$10,530,722$3,859,322$1,147,849$5,523,551
11$11,057,258$4,054,140$1,205,241$5,797,876
12$11,610,121$4,258,700$1,265,503$6,085,918
13$12,190,627$4,473,487$1,328,778$6,388,362
14$12,800,158$4,699,014$1,395,217$6,705,928
15$13,440,166$4,935,816$1,464,978$7,039,372
16$14,112,175$5,184,460$1,538,227$7,389,488
17$14,817,783$5,445,535$1,615,138$7,757,110
18$15,558,672$5,719,664$1,695,895$8,143,113
19$16,336,606$6,007,499$1,780,690$8,548,417
20$17,153,436$6,309,726$1,869,725$8,973,985
21$18,011,108$6,627,065$1,963,211$9,420,832
22$18,911,663$6,960,270$2,061,371$9,890,022
23$19,857,247$7,310,136$2,164,440$10,382,671
24$20,850,109$7,677,495$2,272,662$10,899,952
25$21,892,614$8,063,222$2,386,295$11,443,097
26$22,987,245$8,468,236$2,505,610$12,013,400
27$24,136,608$8,893,500$2,630,890$12,612,218
28$25,343,438$9,340,027$2,762,435$13,240,976
29$26,610,610$9,808,881$2,900,556$13,901,173
30$27,941,140$10,301,177$3,045,584$14,594,379
Total$451,000,001$165,758,650$49,158,998$236,082,351

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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.