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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

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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 $284,000,000 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, Nov 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$384,715$2,345,333
2$4,488,338$1,623,640$403,950$2,460,748
3$4,712,755$1,706,674$424,148$2,581,933
4$4,948,393$1,793,860$445,355$2,709,177
5$5,195,812$1,885,405$467,623$2,842,784
6$5,455,603$1,981,528$491,004$2,983,071
7$5,728,383$2,082,457$515,554$3,130,372
8$6,014,802$2,188,432$541,332$3,285,038
9$6,315,542$2,299,706$568,399$3,447,438
10$6,631,319$2,416,543$596,819$3,617,957
11$6,962,885$2,539,223$626,660$3,797,003
12$7,311,030$2,668,036$657,993$3,985,001
13$7,676,581$2,803,290$690,892$4,182,399
14$8,060,410$2,945,307$725,437$4,389,666
15$8,463,431$3,094,424$761,709$4,607,298
16$8,886,602$3,250,998$799,794$4,835,810
17$9,330,932$3,415,400$839,784$5,075,748
18$9,797,479$3,588,022$881,773$5,327,684
19$10,287,353$3,769,276$925,862$5,592,215
20$10,801,720$3,959,592$972,155$5,869,974
21$11,341,806$4,159,423$1,020,763$6,161,620
22$11,908,897$4,369,247$1,071,801$6,467,849
23$12,504,342$4,589,561$1,125,391$6,789,389
24$13,129,559$4,820,892$1,181,660$7,127,007
25$13,786,036$5,063,789$1,240,743$7,481,505
26$14,475,339$5,318,830$1,302,780$7,853,728
27$15,199,105$5,586,624$1,367,919$8,244,562
28$15,959,061$5,867,807$1,436,315$8,654,938
29$16,757,014$6,163,050$1,508,131$9,085,832
30$17,594,864$6,473,055$1,583,538$9,538,272
Total$284,000,001$103,968,651$25,559,999$154,471,351

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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.