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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Apr 26, 2005

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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 $10,000,000 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, Apr 26, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$28,970$13,546$107,998
2$158,040$30,777$14,224$113,040
3$165,942$32,673$14,935$118,334
4$174,239$34,664$15,682$123,893
5$182,951$36,755$16,466$129,730
6$192,099$38,951$17,289$135,859
7$201,704$41,608$18,153$141,942
8$211,789$44,835$19,061$147,892
9$222,378$48,224$20,014$154,140
10$233,497$51,782$21,015$160,700
11$245,172$55,518$22,065$167,588
12$257,431$59,648$23,169$174,614
13$270,302$64,153$24,327$181,822
14$283,817$68,883$25,544$189,390
15$298,008$73,850$26,821$197,337
16$312,909$79,065$28,162$205,682
17$328,554$84,541$29,570$214,443
18$344,982$90,291$31,048$223,642
19$362,231$96,328$32,601$233,302
20$380,342$102,667$34,231$243,444
21$399,359$109,323$35,942$254,094
22$419,327$116,312$37,739$265,276
23$440,294$123,650$39,626$277,017
24$462,308$131,355$41,608$289,345
25$485,424$139,446$43,688$302,290
26$509,695$147,941$45,873$315,882
27$535,180$156,860$48,166$330,153
28$561,939$166,226$50,574$345,138
29$590,036$176,060$53,103$360,873
30$619,537$186,385$55,758$377,394
Total$10,000,000$2,617,741$900,000$6,482,254

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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.