USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Jun 23, 2023

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

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 $320,000,000 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, Jun 23, 2023
Jackpot:$320,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,816,459$1,740,278$524,994$2,551,187
2$5,057,282$1,829,382$551,244$2,676,656
3$5,310,146$1,922,942$578,806$2,808,398
4$5,575,654$2,021,180$607,746$2,946,728
5$5,854,436$2,124,329$638,134$3,091,973
6$6,147,158$2,232,636$670,040$3,244,482
7$6,454,516$2,346,359$703,542$3,404,615
8$6,777,242$2,465,767$738,719$3,572,755
9$7,116,104$2,591,146$775,655$3,749,302
10$7,471,909$2,722,794$814,438$3,934,677
11$7,845,505$2,861,024$855,160$4,129,320
12$8,237,780$3,006,166$897,918$4,333,696
13$8,649,669$3,158,565$942,814$4,548,290
14$9,082,152$3,318,584$989,955$4,773,614
15$9,536,260$3,486,604$1,039,452$5,010,204
16$10,013,073$3,663,025$1,091,425$5,258,623
17$10,513,726$3,848,267$1,145,996$5,519,464
18$11,039,413$4,042,770$1,203,296$5,793,346
19$11,591,383$4,247,000$1,263,461$6,080,923
20$12,170,953$4,461,440$1,326,634$6,382,879
21$12,779,500$4,686,603$1,392,966$6,699,932
22$13,418,475$4,923,024$1,462,614$7,032,838
23$14,089,399$5,171,265$1,535,744$7,382,389
24$14,793,869$5,431,919$1,612,532$7,749,418
25$15,533,562$5,705,606$1,693,158$8,134,798
26$16,310,241$5,992,977$1,777,816$8,539,448
27$17,125,753$6,294,716$1,866,707$8,964,329
28$17,982,040$6,611,543$1,960,042$9,410,455
29$18,881,142$6,944,210$2,058,044$9,878,887
30$19,825,199$7,293,512$2,160,947$10,370,741
Total$320,000,001$117,145,633$34,879,999$167,974,367

◄ 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.