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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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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 $105,000,000 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:Tue, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$547,703$142,236$890,461
2$1,659,421$576,941$149,348$933,132
3$1,742,392$607,640$156,815$977,937
4$1,829,511$639,874$164,656$1,024,981
5$1,920,987$673,720$172,889$1,074,378
6$2,017,036$709,258$181,533$1,126,245
7$2,117,888$746,574$190,610$1,180,705
8$2,223,783$785,755$200,140$1,237,888
9$2,334,972$826,895$210,147$1,297,930
10$2,451,720$870,091$220,655$1,360,974
11$2,574,306$915,448$231,688$1,427,170
12$2,703,022$963,073$243,272$1,496,677
13$2,838,173$1,013,079$255,436$1,569,658
14$2,980,081$1,065,585$268,207$1,646,289
15$3,129,085$1,120,717$281,618$1,726,751
16$3,285,540$1,178,605$295,699$1,811,236
17$3,449,816$1,239,387$310,483$1,899,946
18$3,622,307$1,303,209$326,008$1,993,091
19$3,803,423$1,370,221$342,308$2,090,893
20$3,993,594$1,440,585$359,423$2,193,586
21$4,193,273$1,514,466$377,395$2,301,413
22$4,402,937$1,592,042$396,264$2,414,631
23$4,623,084$1,673,496$416,078$2,533,510
24$4,854,238$1,759,023$436,881$2,658,334
25$5,096,950$1,848,827$458,726$2,789,398
26$5,351,798$1,943,120$481,662$2,927,016
27$5,619,388$2,042,128$505,745$3,071,514
28$5,900,357$2,146,087$531,032$3,223,238
29$6,195,375$2,255,244$557,584$3,382,547
30$6,505,144$2,369,858$585,463$3,549,823
Total$105,000,000$37,738,651$9,450,001$57,811,352

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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.