USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,403,982$2,193,491$10,526,296
2$21,129,957$7,776,272$2,303,165$11,050,520
3$22,186,455$8,167,176$2,418,324$11,600,955
4$23,295,778$8,577,626$2,539,240$12,178,913
5$24,460,566$9,008,597$2,666,202$12,785,767
6$25,683,595$9,461,118$2,799,512$13,422,965
7$26,967,775$9,936,265$2,939,488$14,092,023
8$28,316,164$10,435,168$3,086,462$14,794,534
9$29,731,972$10,959,017$3,240,785$15,532,170
10$31,218,570$11,509,059$3,402,824$16,306,687
11$32,779,499$12,086,602$3,572,965$17,119,931
12$34,418,474$12,693,023$3,751,614$17,973,837
13$36,139,397$13,329,765$3,939,194$18,870,438
14$37,946,368$13,998,344$4,136,154$19,811,870
15$39,843,686$14,700,351$4,342,962$20,800,372
16$41,835,870$15,437,460$4,560,110$21,838,301
17$43,927,663$16,211,423$4,788,115$22,928,125
18$46,124,047$17,024,085$5,027,521$24,072,441
19$48,430,249$17,877,380$5,278,897$25,273,972
20$50,851,761$18,773,340$5,542,842$26,535,580
21$53,394,349$19,714,097$5,819,984$27,860,268
22$56,064,067$20,701,892$6,110,983$29,251,191
23$58,867,270$21,739,078$6,416,532$30,711,660
24$61,810,633$22,828,122$6,737,359$32,245,152
25$64,901,165$23,971,619$7,074,227$33,855,319
26$68,146,224$25,172,291$7,427,938$35,545,995
27$71,553,535$26,432,996$7,799,335$37,321,204
28$75,131,211$27,756,736$8,189,302$39,185,173
29$78,887,772$29,146,663$8,598,767$41,142,341
30$82,832,161$30,606,087$9,028,706$43,197,368
Total$1,337,000,003$493,435,634$145,733,000$697,831,368

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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.