USA Mega

New York Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 2023

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The tax information provided here is based on 2025 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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$742,254$231,326$1,148,673
2$2,228,365$781,515$242,892$1,203,958
3$2,339,783$822,740$255,036$1,262,007
4$2,456,772$866,026$267,788$1,322,958
5$2,579,611$911,476$281,178$1,386,957
6$2,708,592$959,199$295,236$1,454,156
7$2,844,021$1,009,308$309,998$1,524,715
8$2,986,222$1,061,922$325,498$1,598,802
9$3,135,533$1,117,168$341,773$1,676,593
10$3,292,310$1,175,175$358,862$1,758,273
11$3,456,925$1,236,083$376,805$1,844,038
12$3,629,772$1,300,036$395,645$1,934,091
13$3,811,260$1,367,187$415,427$2,028,646
14$4,001,823$1,437,695$436,199$2,127,930
15$4,201,914$1,511,729$458,009$2,232,177
16$4,412,010$1,589,464$480,909$2,341,637
17$4,632,611$1,671,086$504,955$2,456,570
18$4,864,241$1,756,790$530,202$2,577,249
19$5,107,453$1,846,778$556,712$2,703,963
20$5,362,826$1,941,266$584,548$2,837,012
21$5,630,967$2,040,478$613,775$2,976,714
22$5,912,516$2,144,651$644,464$3,123,400
23$6,208,141$2,254,033$676,687$3,277,421
24$6,518,548$2,368,883$710,522$3,439,143
25$6,844,476$2,489,476$746,048$3,608,952
26$7,186,700$2,616,099$783,350$3,787,250
27$7,546,035$2,749,053$822,518$3,974,464
28$7,923,336$2,888,655$863,644$4,171,038
29$8,319,503$3,035,236$906,826$4,377,441
30$8,735,478$3,189,147$952,167$4,594,164
Total$141,000,000$50,880,608$15,368,999$74,750,392

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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.