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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2022

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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 $87,000,000 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, 2022
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$442,693$117,853$748,929
2$1,374,949$466,919$123,745$784,284
3$1,443,696$492,355$129,933$821,408
4$1,515,881$519,064$136,429$860,388
5$1,591,675$547,107$143,251$901,317
6$1,671,259$576,553$150,413$944,292
7$1,754,822$607,472$157,934$989,416
8$1,842,563$639,936$165,831$1,036,796
9$1,934,691$674,023$174,122$1,086,545
10$2,031,425$709,815$182,828$1,138,782
11$2,132,997$747,396$191,970$1,193,630
12$2,239,646$786,857$201,568$1,251,221
13$2,351,629$828,290$211,647$1,311,692
14$2,469,210$871,796$222,229$1,375,186
15$2,592,671$917,476$233,340$1,441,854
16$2,722,304$965,440$245,007$1,511,857
17$2,858,419$1,015,803$257,258$1,585,359
18$3,001,340$1,068,684$270,121$1,662,536
19$3,151,407$1,124,208$283,627$1,743,572
20$3,308,978$1,182,510$297,808$1,828,660
21$3,474,427$1,243,726$312,698$1,918,003
22$3,648,148$1,308,002$328,333$2,011,812
23$3,830,555$1,375,493$344,750$2,110,312
24$4,022,083$1,446,358$361,987$2,213,737
25$4,223,187$1,520,767$380,087$2,322,333
26$4,434,347$1,598,896$399,091$2,436,359
27$4,656,064$1,680,931$419,046$2,556,087
28$4,888,867$1,767,069$439,998$2,681,800
29$5,133,311$1,857,513$461,998$2,813,800
30$5,389,976$1,952,479$485,098$2,952,399
Total$87,000,000$30,935,631$7,830,000$48,234,366

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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.