USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $333,000,000 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 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$451,092$2,743,594
2$5,262,734$1,910,167$473,646$2,878,922
3$5,525,871$2,007,527$497,328$3,021,015
4$5,802,165$2,109,756$522,195$3,170,214
5$6,092,273$2,217,096$548,305$3,326,872
6$6,396,886$2,329,803$575,720$3,491,364
7$6,716,731$2,448,145$604,506$3,664,080
8$7,052,567$2,572,405$634,731$3,845,431
9$7,405,196$2,702,877$666,468$4,035,851
10$7,775,455$2,839,874$699,791$4,235,791
11$8,164,228$2,983,719$734,781$4,445,728
12$8,572,440$3,134,758$771,520$4,666,162
13$9,001,062$3,293,348$810,096$4,897,618
14$9,451,115$3,459,867$850,600$5,140,647
15$9,923,670$3,634,713$893,130$5,395,827
16$10,419,854$3,818,301$937,787$5,663,766
17$10,940,847$4,011,068$984,676$5,945,102
18$11,487,889$4,213,474$1,033,910$6,240,505
19$12,062,283$4,426,000$1,085,605$6,550,678
20$12,665,398$4,649,152$1,139,886$6,876,360
21$13,298,667$4,883,462$1,196,880$7,218,325
22$13,963,601$5,129,487$1,256,724$7,577,389
23$14,661,781$5,387,814$1,319,560$7,954,407
24$15,394,870$5,659,057$1,385,538$8,350,275
25$16,164,613$5,943,862$1,454,815$8,765,936
26$16,972,844$6,242,907$1,527,556$9,202,381
27$17,821,486$6,556,905$1,603,934$9,660,648
28$18,712,560$6,886,602$1,684,130$10,141,828
29$19,648,188$7,232,785$1,768,337$10,647,067
30$20,630,598$7,596,276$1,856,754$11,177,568
Total$333,000,001$122,098,649$29,970,001$180,931,351

◄ Back to Jackpot Analysis

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.