USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Dec 27, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $565,000,000 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, Dec 27, 2022
Jackpot:$565,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,504,061$3,109,457$926,943$4,467,661
2$8,929,264$3,266,783$973,290$4,689,192
3$9,375,727$3,431,974$1,021,954$4,921,799
4$9,844,514$3,605,425$1,073,052$5,166,037
5$10,336,739$3,787,548$1,126,705$5,422,486
6$10,853,576$3,978,778$1,183,040$5,691,758
7$11,396,255$4,179,569$1,242,192$5,974,494
8$11,966,068$4,390,400$1,304,301$6,271,366
9$12,564,371$4,611,772$1,369,516$6,583,082
10$13,192,590$4,844,213$1,437,992$6,910,384
11$13,852,219$5,088,276$1,509,892$7,254,051
12$14,544,830$5,344,542$1,585,386$7,614,901
13$15,272,071$5,613,621$1,664,656$7,993,794
14$16,035,675$5,896,155$1,747,889$8,391,632
15$16,837,459$6,192,815$1,835,283$8,809,361
16$17,679,332$6,504,308$1,927,047$9,247,977
17$18,563,298$6,831,375$2,023,400$9,708,523
18$19,491,463$7,174,796$2,124,569$10,192,097
19$20,466,036$7,535,388$2,230,798$10,699,850
20$21,489,338$7,914,010$2,342,338$11,232,990
21$22,563,805$8,311,563$2,459,455$11,792,787
22$23,691,995$8,728,993$2,582,427$12,380,575
23$24,876,595$9,167,295$2,711,549$12,997,751
24$26,120,425$9,627,512$2,847,126$13,645,786
25$27,426,446$10,110,740$2,989,483$14,326,223
26$28,797,769$10,618,129$3,138,957$15,040,682
27$30,237,657$11,150,888$3,295,905$15,790,864
28$31,749,539$11,710,285$3,460,700$16,578,555
29$33,337,016$12,297,651$3,633,735$17,405,631
30$35,003,868$12,914,386$3,815,422$18,274,060
Total$565,000,001$207,938,647$61,585,002$295,476,349

◄ Back to Jackpot Analysis

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.