USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 1998

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 $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, Feb 27, 1998
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$25,554$12,192$97,718
2$142,236$27,179$12,801$102,256
3$149,348$28,886$13,441$107,021
4$156,815$30,678$14,113$112,024
5$164,656$32,560$14,819$117,277
6$172,889$34,536$15,560$122,793
7$181,533$36,610$16,338$128,585
8$190,610$38,789$17,155$134,666
9$200,140$41,731$18,013$140,396
10$210,147$44,934$18,913$146,300
11$220,655$48,296$19,859$152,500
12$231,688$51,827$20,852$159,009
13$243,272$55,534$21,894$165,844
14$255,436$59,777$22,989$172,669
15$268,207$64,247$24,139$179,821
16$281,618$68,941$25,346$187,331
17$295,699$73,869$26,613$195,216
18$310,483$79,044$27,944$203,496
19$326,008$84,477$29,341$212,190
20$342,308$90,183$30,808$221,318
21$359,423$96,173$32,348$230,902
22$377,395$102,463$33,966$240,966
23$396,264$109,067$35,664$251,533
24$416,078$116,002$37,447$262,629
25$436,881$123,283$39,319$274,279
26$458,726$130,929$41,285$286,512
27$481,662$138,956$43,350$299,356
28$505,745$147,385$45,517$312,842
29$531,032$156,236$47,793$327,003
30$557,584$165,529$50,183$341,872
Total$9,000,000$2,303,675$810,002$5,886,324

◄ 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.