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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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The tax information provided here is based on 2022 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 $77,000,000 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 prize money, as well as deductions claimed.

State:

Massachusetts

Drawing Date:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$57,948$709,242
2$1,216,909$413,211$60,845$742,852
3$1,277,754$435,724$63,888$778,142
4$1,341,642$459,362$67,082$815,197
5$1,408,724$484,183$70,436$854,105
6$1,479,160$510,244$73,958$894,958
7$1,553,118$537,609$77,656$937,853
8$1,630,774$566,341$81,539$982,894
9$1,712,313$596,511$85,616$1,030,186
10$1,797,928$628,188$89,896$1,079,843
11$1,887,825$661,450$94,391$1,131,983
12$1,982,216$696,375$99,111$1,186,730
13$2,081,327$733,046$104,066$1,244,214
14$2,185,393$771,550$109,270$1,304,573
15$2,294,663$811,980$114,733$1,367,949
16$2,409,396$854,431$120,470$1,434,494
17$2,529,865$899,005$126,493$1,504,367
18$2,656,359$945,808$132,818$1,577,733
19$2,789,177$994,950$139,459$1,654,767
20$2,928,635$1,046,550$146,432$1,735,654
21$3,075,067$1,100,730$153,753$1,820,584
22$3,228,821$1,157,619$161,441$1,909,761
23$3,390,262$1,217,352$169,513$2,003,397
24$3,559,775$1,280,072$177,989$2,101,714
25$3,737,763$1,345,927$186,888$2,204,948
26$3,924,652$1,415,076$196,233$2,313,343
27$4,120,884$1,487,682$206,044$2,427,158
28$4,326,928$1,563,918$216,346$2,546,663
29$4,543,275$1,643,967$227,164$2,672,144
30$4,770,439$1,728,017$238,522$2,803,899
Total$77,000,000$27,378,648$3,850,000$45,771,347

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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.