USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 2022

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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 $830,000,000 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, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,585,251$1,361,703$6,545,737
2$13,117,326$4,816,366$1,429,789$6,871,172
3$13,773,192$5,059,036$1,501,278$7,212,878
4$14,461,852$5,313,840$1,576,342$7,571,670
5$15,184,944$5,581,384$1,655,159$7,948,401
6$15,944,191$5,862,306$1,737,917$8,343,969
7$16,741,401$6,157,273$1,824,813$8,759,315
8$17,578,471$6,466,989$1,916,053$9,195,429
9$18,457,395$6,792,191$2,011,856$9,653,348
10$19,380,264$7,133,653$2,112,449$10,134,163
11$20,349,278$7,492,188$2,218,071$10,639,019
12$21,366,741$7,868,649$2,328,975$11,169,117
13$22,435,078$8,263,934$2,445,424$11,725,721
14$23,556,833$8,678,983$2,567,695$12,310,155
15$24,734,674$9,114,784$2,696,079$12,923,810
16$25,971,408$9,572,376$2,830,883$13,568,149
17$27,269,978$10,052,847$2,972,428$14,244,703
18$28,633,477$10,557,341$3,121,049$14,955,086
19$30,065,151$11,087,061$3,277,101$15,700,988
20$31,568,408$11,643,266$3,440,957$16,484,186
21$33,146,829$12,227,282$3,613,004$17,306,543
22$34,804,170$12,840,498$3,793,655$18,170,018
23$36,544,379$13,484,375$3,983,337$19,076,666
24$38,371,597$14,160,446$4,182,504$20,028,647
25$40,290,177$14,870,321$4,391,629$21,028,227
26$42,304,687$15,615,689$4,611,211$22,077,787
27$44,419,921$16,398,326$4,841,771$23,179,824
28$46,640,916$17,220,094$5,083,860$24,336,962
29$48,972,962$18,082,951$5,338,053$25,551,958
30$51,421,611$18,988,951$5,604,956$26,827,704
Total$830,000,002$305,988,651$90,470,001$433,541,352

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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.