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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2005

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The tax information provided here is based on 2026 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 $165,000,000 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, Nov 1, 2005
Jackpot:$165,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,483,487$874,847$223,514$1,385,126
2$2,607,661$920,792$234,690$1,452,180
3$2,738,044$969,034$246,424$1,522,587
4$2,874,946$1,019,687$258,745$1,596,514
5$3,018,694$1,072,874$271,682$1,674,137
6$3,169,628$1,128,720$285,267$1,755,642
7$3,328,110$1,187,358$299,530$1,841,222
8$3,494,515$1,248,928$314,506$1,931,081
9$3,669,241$1,313,576$330,232$2,025,433
10$3,852,703$1,381,457$346,743$2,124,502
11$4,045,338$1,452,732$364,080$2,228,525
12$4,247,605$1,527,571$382,284$2,337,750
13$4,459,985$1,606,152$401,399$2,452,435
14$4,682,985$1,688,662$421,469$2,572,855
15$4,917,134$1,775,297$442,542$2,699,295
16$5,162,991$1,866,264$464,669$2,832,058
17$5,421,140$1,961,779$487,903$2,971,458
18$5,692,197$2,062,070$512,298$3,117,829
19$5,976,807$2,167,376$537,913$3,271,519
20$6,275,647$2,277,947$564,808$3,432,892
21$6,589,430$2,394,046$593,049$3,602,335
22$6,918,901$2,515,951$622,701$3,780,249
23$7,264,846$2,643,950$653,836$3,967,060
24$7,628,089$2,778,350$686,528$4,163,211
25$8,009,493$2,919,470$720,854$4,369,169
26$8,409,968$3,067,645$756,897$4,585,425
27$8,830,466$3,223,230$794,742$4,812,495
28$9,271,989$3,386,593$834,479$5,050,917
29$9,735,589$3,558,125$876,203$5,301,261
30$10,222,368$3,738,234$920,013$5,564,122
Total$165,000,000$59,728,717$14,850,000$90,421,284

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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.