USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$582,415$2,820,883
2$5,610,422$2,038,811$611,536$2,960,075
3$5,890,943$2,142,604$642,113$3,106,227
4$6,185,491$2,251,587$674,219$3,259,686
5$6,494,765$2,366,018$707,929$3,420,818
6$6,819,503$2,486,171$743,326$3,590,006
7$7,160,479$2,612,332$780,492$3,767,654
8$7,518,503$2,744,801$819,517$3,954,185
9$7,894,428$2,883,893$860,493$4,150,042
10$8,289,149$3,029,940$903,517$4,355,692
11$8,703,607$3,183,289$948,693$4,571,624
12$9,138,787$3,344,306$996,128$4,798,353
13$9,595,726$3,513,374$1,045,934$5,036,418
14$10,075,513$3,690,895$1,098,231$5,286,387
15$10,579,288$3,877,292$1,153,142$5,548,854
16$11,108,253$4,073,009$1,210,800$5,824,445
17$11,663,665$4,278,511$1,271,340$6,113,815
18$12,246,849$4,494,289$1,334,906$6,417,653
19$12,859,191$4,720,856$1,401,652$6,736,683
20$13,502,151$4,958,751$1,471,734$7,071,665
21$14,177,258$5,208,540$1,545,321$7,423,396
22$14,886,121$5,470,820$1,622,587$7,792,714
23$15,630,427$5,746,213$1,703,717$8,180,497
24$16,411,948$6,035,376$1,788,902$8,587,670
25$17,232,546$6,338,997$1,878,347$9,015,201
26$18,094,173$6,657,799$1,972,265$9,464,109
27$18,998,882$6,992,541$2,070,878$9,935,462
28$19,948,826$7,344,020$2,174,422$10,430,383
29$20,946,267$7,713,074$2,283,143$10,950,050
30$21,993,581$8,100,580$2,397,300$11,495,700
Total$355,000,001$130,238,650$38,694,999$186,066,347

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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.