USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

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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 $284,000,000 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, Nov 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,539,793$465,932$2,268,883
2$4,488,338$1,618,873$489,229$2,380,236
3$4,712,755$1,701,907$513,690$2,497,157
4$4,948,393$1,789,093$539,375$2,619,925
5$5,195,812$1,880,638$566,344$2,748,830
6$5,455,603$1,976,761$594,661$2,884,181
7$5,728,383$2,077,689$624,394$3,026,300
8$6,014,802$2,183,665$655,613$3,175,524
9$6,315,542$2,294,938$688,394$3,332,210
10$6,631,319$2,411,776$722,814$3,496,730
11$6,962,885$2,534,455$758,955$3,669,476
12$7,311,030$2,663,269$796,902$3,850,859
13$7,676,581$2,798,523$836,747$4,041,311
14$8,060,410$2,940,540$878,585$4,241,286
15$8,463,431$3,089,657$922,514$4,451,260
16$8,886,602$3,246,231$968,640$4,671,732
17$9,330,932$3,410,633$1,017,072$4,903,228
18$9,797,479$3,583,255$1,067,925$5,146,299
19$10,287,353$3,764,508$1,121,321$5,401,523
20$10,801,720$3,954,824$1,177,388$5,669,509
21$11,341,806$4,154,656$1,236,257$5,950,893
22$11,908,897$4,364,480$1,298,070$6,246,347
23$12,504,342$4,584,794$1,362,973$6,556,574
24$13,129,559$4,816,124$1,431,122$6,882,312
25$13,786,036$5,059,021$1,502,678$7,224,337
26$14,475,339$5,314,063$1,577,812$7,583,464
27$15,199,105$5,581,857$1,656,702$7,960,546
28$15,959,061$5,863,040$1,739,538$8,356,483
29$16,757,014$6,158,283$1,826,514$8,772,216
30$17,594,864$6,468,288$1,917,840$9,208,737
Total$284,000,001$103,825,634$30,956,001$149,218,368

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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.