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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 2022

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The tax information provided here is based on 2025 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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,346,135$581,136$3,529,795
2$6,779,919$2,465,590$610,193$3,704,136
3$7,118,915$2,591,019$640,702$3,887,194
4$7,474,861$2,722,719$672,737$4,079,405
5$7,848,603$2,861,004$706,374$4,281,226
6$8,241,034$3,006,203$741,693$4,493,138
7$8,653,086$3,158,662$778,778$4,715,646
8$9,085,740$3,318,744$817,717$4,949,279
9$9,540,027$3,486,830$858,602$5,194,594
10$10,017,028$3,663,321$901,533$5,452,175
11$10,517,880$3,848,636$946,609$5,722,635
12$11,043,774$4,043,216$993,940$6,006,617
13$11,595,962$4,247,526$1,043,637$6,304,799
14$12,175,760$4,462,052$1,095,818$6,617,890
15$12,784,548$4,687,303$1,150,609$6,946,636
16$13,423,776$4,923,817$1,208,140$7,291,819
17$14,094,964$5,172,157$1,268,547$7,654,261
18$14,799,713$5,432,914$1,331,974$8,034,825
19$15,539,698$5,706,709$1,398,573$8,434,417
20$16,316,683$5,994,193$1,468,502$8,853,989
21$17,132,517$6,296,052$1,541,927$9,294,539
22$17,989,143$6,613,003$1,619,023$9,757,117
23$18,888,601$6,945,802$1,699,974$10,242,824
24$19,833,030$7,295,241$1,784,973$10,752,816
25$20,824,682$7,662,153$1,874,221$11,288,308
26$21,865,916$8,047,409$1,967,932$11,850,575
27$22,959,212$8,451,929$2,066,329$12,440,954
28$24,107,172$8,876,674$2,169,646$13,060,853
29$25,312,531$9,322,657$2,278,128$13,711,747
30$26,578,158$9,790,939$2,392,034$14,395,185
Total$429,000,001$157,440,609$38,610,001$232,949,394

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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.