USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Sep 8, 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 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 $12,000,000 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:Tue, Sep 8, 1998
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$180,617$36,195$16,256$128,167
2$189,648$38,363$17,068$134,217
3$199,130$40,785$17,922$140,424
4$209,087$43,971$18,818$146,298
5$219,541$47,316$19,759$152,466
6$230,518$50,829$20,747$158,943
7$242,044$54,517$21,784$165,743
8$254,147$58,499$22,873$172,775
9$266,854$62,946$24,017$179,891
10$280,197$67,616$25,218$187,363
11$294,206$72,519$26,479$195,208
12$308,917$77,668$27,803$203,446
13$324,363$83,074$29,193$212,096
14$340,581$88,750$30,652$221,178
15$357,610$94,711$32,185$230,714
16$375,490$100,969$33,794$240,727
17$394,265$107,540$35,484$251,241
18$413,978$114,440$37,258$262,280
19$434,677$121,684$39,121$273,872
20$456,411$129,291$41,077$286,043
21$479,231$137,278$43,131$298,822
22$503,193$145,665$45,287$312,241
23$528,352$154,471$47,552$326,330
24$554,770$163,717$49,929$341,124
25$582,509$173,425$52,426$356,658
26$611,634$183,619$55,047$372,968
27$642,216$194,640$57,799$389,776
28$674,327$206,521$60,689$407,116
29$708,043$218,996$63,724$425,323
30$743,445$232,095$66,910$444,440
Total$12,000,000$3,302,110$1,080,002$7,617,890

◄ 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.