USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for May 21, 2021

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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 $516,000,000 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, May 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,831,808$846,553$4,088,180
2$8,154,868$2,975,489$888,881$4,290,498
3$8,562,611$3,126,354$933,325$4,502,932
4$8,990,742$3,284,762$979,991$4,725,989
5$9,440,278$3,451,091$1,028,990$4,960,197
6$9,912,292$3,625,736$1,080,440$5,206,117
7$10,407,907$3,809,113$1,134,462$5,464,332
8$10,928,303$4,001,660$1,191,185$5,735,458
9$11,474,718$4,203,833$1,250,744$6,020,140
10$12,048,453$4,416,116$1,313,281$6,319,057
11$12,650,876$4,639,012$1,378,946$6,632,919
12$13,283,420$4,873,053$1,447,893$6,962,474
13$13,947,591$5,118,796$1,520,287$7,308,507
14$14,644,971$5,376,827$1,596,302$7,671,842
15$15,377,219$5,647,759$1,676,117$8,053,343
16$16,146,080$5,932,237$1,759,923$8,453,920
17$16,953,384$6,230,940$1,847,919$8,874,525
18$17,801,053$6,544,577$1,940,315$9,316,161
19$18,691,106$6,873,897$2,037,331$9,779,878
20$19,625,661$7,219,682$2,139,197$10,266,782
21$20,606,944$7,582,757$2,246,157$10,778,030
22$21,637,291$7,963,986$2,358,465$11,314,841
23$22,719,156$8,364,275$2,476,388$11,878,493
24$23,855,113$8,784,580$2,600,207$12,470,326
25$25,047,869$9,225,899$2,730,218$13,091,752
26$26,300,263$9,689,285$2,866,729$13,744,249
27$27,615,276$10,175,840$3,010,065$14,429,371
28$28,996,040$10,686,722$3,160,568$15,148,749
29$30,445,842$11,223,149$3,318,597$15,904,096
30$31,968,134$11,786,397$3,484,527$16,697,210
Total$516,000,001$189,665,632$56,244,003$270,090,368

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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.