USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jan 26, 1999

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 $40,000,000 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, Jan 26, 1999
Jackpot:$40,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$602,057$181,095$54,185$366,777
2$632,160$192,087$56,894$383,179
3$663,768$203,782$59,739$400,247
4$696,957$216,062$62,726$418,169
5$731,805$228,955$65,862$436,987
6$768,395$242,494$69,156$456,745
7$806,815$256,709$72,613$477,492
8$847,155$271,635$76,244$499,276
9$889,513$287,308$80,056$522,149
10$933,989$303,764$84,059$546,166
11$980,688$321,042$88,262$571,384
12$1,029,722$339,185$92,675$597,862
13$1,081,209$358,235$97,309$625,665
14$1,135,269$378,237$102,174$654,858
15$1,192,032$399,240$107,283$685,510
16$1,251,634$421,292$112,647$717,695
17$1,314,216$444,448$118,279$751,489
18$1,379,927$468,761$124,193$786,973
19$1,448,923$494,289$130,403$824,231
20$1,521,369$521,094$136,923$863,352
21$1,597,438$549,240$143,769$904,429
22$1,677,309$578,792$150,958$947,559
23$1,761,175$609,822$158,506$992,847
24$1,849,234$642,404$166,431$1,040,398
25$1,941,695$676,615$174,753$1,090,328
26$2,038,780$712,536$183,490$1,142,753
27$2,140,719$750,254$192,665$1,197,801
28$2,247,755$789,857$202,298$1,255,600
29$2,360,143$831,441$212,413$1,316,289
30$2,478,150$875,103$223,033$1,380,013
Total$40,000,000$13,545,778$3,599,998$22,854,223

◄ 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.