USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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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 $9,000,000 for a ticket purchased in Massachusetts, 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:

Massachusetts

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$12,192$97,913
2$142,236$26,984$12,801$102,451
3$149,348$28,690$13,441$107,216
4$156,815$30,483$14,113$112,219
5$164,656$32,364$14,819$117,473
6$172,889$34,340$15,560$122,989
7$181,533$36,415$16,338$128,780
8$190,610$38,593$17,155$134,862
9$200,140$41,108$18,013$141,020
10$210,147$44,310$18,913$146,924
11$220,655$47,673$19,859$153,123
12$231,688$51,203$20,852$159,633
13$243,272$54,910$21,894$166,467
14$255,436$58,950$22,989$173,497
15$268,207$63,420$24,139$180,649
16$281,618$68,113$25,346$188,159
17$295,699$73,042$26,613$196,044
18$310,483$78,216$27,944$204,324
19$326,008$83,650$29,341$213,017
20$342,308$89,355$30,808$222,145
21$359,423$95,345$32,348$231,730
22$377,395$101,635$33,966$241,794
23$396,264$108,240$35,664$252,361
24$416,078$115,174$37,447$263,456
25$436,881$122,456$39,319$275,106
26$458,726$130,101$41,285$287,339
27$481,662$138,129$43,350$300,183
28$505,745$146,558$45,517$313,670
29$531,032$155,408$47,793$327,831
30$557,584$164,702$50,183$342,700
Total$9,000,000$2,284,925$810,002$5,905,075

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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.