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 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 $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 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$2,468,653$739,913$3,579,630
2$7,127,607$2,594,235$776,909$3,756,463
3$7,483,987$2,726,096$815,755$3,942,137
4$7,858,187$2,864,549$856,542$4,137,095
5$8,251,096$3,009,926$899,369$4,341,801
6$8,663,651$3,162,571$944,338$4,556,742
7$9,096,834$3,322,849$991,555$4,782,430
8$9,551,675$3,491,140$1,041,133$5,019,403
9$10,029,259$3,667,846$1,093,189$5,268,224
10$10,530,722$3,853,387$1,147,849$5,529,486
11$11,057,258$4,048,206$1,205,241$5,803,811
12$11,610,121$4,252,765$1,265,503$6,091,853
13$12,190,627$4,467,552$1,328,778$6,394,296
14$12,800,158$4,693,079$1,395,217$6,711,862
15$13,440,166$4,929,882$1,464,978$7,045,306
16$14,112,175$5,178,525$1,538,227$7,395,423
17$14,817,783$5,439,600$1,615,138$7,763,045
18$15,558,672$5,713,729$1,695,895$8,149,048
19$16,336,606$6,001,564$1,780,690$8,554,351
20$17,153,436$6,303,792$1,869,725$8,979,920
21$18,011,108$6,621,130$1,963,211$9,426,767
22$18,911,663$6,954,336$2,061,371$9,895,956
23$19,857,247$7,304,202$2,164,440$10,388,605
24$20,850,109$7,671,561$2,272,662$10,905,886
25$21,892,614$8,057,288$2,386,295$11,449,032
26$22,987,245$8,462,301$2,505,610$12,019,335
27$24,136,608$8,887,565$2,630,890$12,618,152
28$25,343,438$9,334,092$2,762,435$13,246,911
29$26,610,610$9,802,946$2,900,556$13,907,107
30$27,941,140$10,295,242$3,045,584$14,600,314
Total$451,000,001$165,580,609$49,158,998$236,260,391

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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.