USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 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 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 $465,000,000 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, Dec 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,546,620$629,903$3,822,395
2$7,348,863$2,676,100$661,398$4,011,366
3$7,716,306$2,812,054$694,468$4,209,785
4$8,102,122$2,954,805$729,191$4,418,126
5$8,507,228$3,104,694$765,650$4,636,883
6$8,932,589$3,262,078$803,933$4,866,578
7$9,379,219$3,427,331$844,130$5,107,758
8$9,848,180$3,600,847$886,336$5,360,997
9$10,340,589$3,783,038$930,653$5,626,898
10$10,857,618$3,974,339$977,186$5,906,093
11$11,400,499$4,175,205$1,026,045$6,199,249
12$11,970,524$4,386,114$1,077,347$6,507,063
13$12,569,050$4,607,569$1,131,214$6,830,267
14$13,197,503$4,840,096$1,187,775$7,169,631
15$13,857,378$5,084,250$1,247,164$7,525,964
16$14,550,247$5,340,612$1,309,522$7,900,113
17$15,277,759$5,609,791$1,374,998$8,292,969
18$16,041,647$5,892,430$1,443,748$8,705,469
19$16,843,729$6,189,200$1,515,936$9,138,593
20$17,685,916$6,500,809$1,591,732$9,593,374
21$18,570,211$6,827,998$1,671,319$10,070,894
22$19,498,722$7,171,547$1,754,885$10,572,290
23$20,473,658$7,532,274$1,842,629$11,098,755
24$21,497,341$7,911,036$1,934,761$11,651,544
25$22,572,208$8,308,737$2,031,499$12,231,972
26$23,700,818$8,726,323$2,133,074$12,841,422
27$24,885,859$9,164,788$2,239,727$13,481,344
28$26,130,152$9,625,176$2,351,714$14,153,262
29$27,436,660$10,108,584$2,469,299$14,858,776
30$28,808,493$10,616,163$2,592,764$15,599,566
Total$465,000,001$170,760,608$41,850,000$252,389,396

◄ 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.