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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jan 15, 2021

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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 $750,000,000 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:Fri, Jan 15, 2021
Jackpot:$750,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,288,576$4,134,961$1,015,972$6,137,643
2$11,853,005$4,343,800$1,066,770$6,442,435
3$12,445,655$4,563,080$1,120,109$6,762,466
4$13,067,939$4,793,325$1,176,114$7,098,499
5$13,721,335$5,035,082$1,234,920$7,451,333
6$14,407,402$5,288,926$1,296,666$7,821,809
7$15,127,772$5,555,463$1,361,500$8,210,809
8$15,884,161$5,835,327$1,429,574$8,619,259
9$16,678,369$6,129,184$1,501,053$9,048,131
10$17,512,287$6,437,734$1,576,106$9,498,447
11$18,387,902$6,761,711$1,654,911$9,971,279
12$19,307,297$7,101,887$1,737,657$10,467,752
13$20,272,661$7,459,072$1,824,540$10,989,049
14$21,286,295$7,834,117$1,915,767$11,536,411
15$22,350,609$8,227,913$2,011,555$12,111,141
16$23,468,140$8,641,399$2,112,133$12,714,608
17$24,641,546$9,075,560$2,217,739$13,348,247
18$25,873,624$9,531,429$2,328,626$14,013,569
19$27,167,305$10,010,091$2,445,057$14,712,157
20$28,525,670$10,512,686$2,567,310$15,445,674
21$29,951,954$11,040,411$2,695,676$16,215,867
22$31,449,551$11,594,522$2,830,460$17,024,570
23$33,022,029$12,176,338$2,971,983$17,873,708
24$34,673,130$12,787,246$3,120,582$18,765,302
25$36,406,787$13,428,699$3,276,611$19,701,477
26$38,227,127$14,102,225$3,440,441$20,684,461
27$40,138,483$14,809,426$3,612,463$21,716,593
28$42,145,406$15,551,988$3,793,087$22,800,332
29$44,252,677$16,331,678$3,982,741$23,938,258
30$46,465,311$17,150,353$4,181,878$25,133,080
Total$750,000,002$276,245,633$67,500,001$406,254,366

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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.