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 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 $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 prize 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$7,408,749$2,193,491$10,521,528
2$21,129,957$7,781,039$2,303,165$11,045,753
3$22,186,455$8,171,943$2,418,324$11,596,188
4$23,295,778$8,582,393$2,539,240$12,174,146
5$24,460,566$9,013,364$2,666,202$12,781,000
6$25,683,595$9,465,885$2,799,512$13,418,198
7$26,967,775$9,941,032$2,939,488$14,087,256
8$28,316,164$10,439,936$3,086,462$14,789,766
9$29,731,972$10,963,785$3,240,785$15,527,402
10$31,218,570$11,513,826$3,402,824$16,301,920
11$32,779,499$12,091,370$3,572,965$17,115,164
12$34,418,474$12,697,790$3,751,614$17,969,070
13$36,139,397$13,334,532$3,939,194$18,865,671
14$37,946,368$14,003,111$4,136,154$19,807,103
15$39,843,686$14,705,119$4,342,962$20,795,605
16$41,835,870$15,442,227$4,560,110$21,833,534
17$43,927,663$16,216,190$4,788,115$22,923,357
18$46,124,047$17,028,852$5,027,521$24,067,673
19$48,430,249$17,882,147$5,278,897$25,269,205
20$50,851,761$18,778,107$5,542,842$26,530,813
21$53,394,349$19,718,864$5,819,984$27,855,501
22$56,064,067$20,706,660$6,110,983$29,246,424
23$58,867,270$21,743,845$6,416,532$30,706,893
24$61,810,633$22,832,889$6,737,359$32,240,385
25$64,901,165$23,976,386$7,074,227$33,850,552
26$68,146,224$25,177,058$7,427,938$35,541,228
27$71,553,535$26,437,763$7,799,335$37,316,437
28$75,131,211$27,761,503$8,189,302$39,180,406
29$78,887,772$29,151,431$8,598,767$41,137,574
30$82,832,161$30,610,855$9,028,706$43,192,601
Total$1,337,000,003$493,578,651$145,733,000$697,688,353

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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.