USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 1998

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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 $15,000,000 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, Feb 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,310$20,319$156,142
2$237,060$52,922$21,335$162,802
3$248,913$56,715$22,402$169,796
4$261,359$61,023$23,522$176,814
5$274,427$65,597$24,698$184,132
6$288,148$70,399$25,933$191,816
7$302,555$75,442$27,230$199,884
8$317,683$80,736$28,591$208,355
9$333,567$86,296$30,021$217,250
10$350,246$92,133$31,522$226,590
11$367,758$98,263$33,098$236,397
12$386,146$104,698$34,753$246,694
13$405,453$111,456$36,491$257,507
14$425,726$118,551$38,315$268,859
15$447,012$126,002$40,231$280,780
16$469,363$133,824$42,243$293,296
17$492,831$142,038$44,355$306,438
18$517,472$150,663$46,573$320,237
19$543,346$159,718$48,901$334,727
20$570,513$169,227$51,346$349,940
21$599,039$179,211$53,914$365,915
22$628,991$189,747$56,609$382,635
23$660,441$201,383$59,440$399,618
24$693,463$213,601$62,412$417,450
25$728,136$226,430$65,532$436,173
26$764,543$239,901$68,809$455,833
27$802,770$254,045$72,249$476,475
28$842,908$268,896$75,862$498,150
29$885,054$284,490$79,655$520,909
30$929,306$300,864$83,638$544,805
Total$15,000,000$4,363,581$1,349,999$9,286,419

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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.