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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 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 $830,000,000 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, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,585,251$1,124,342$6,783,098
2$13,117,326$4,816,366$1,180,559$7,120,401
3$13,773,192$5,059,036$1,239,587$7,474,569
4$14,461,852$5,313,840$1,301,567$7,846,445
5$15,184,944$5,581,384$1,366,645$8,236,915
6$15,944,191$5,862,306$1,434,977$8,646,908
7$16,741,401$6,157,273$1,506,726$9,077,402
8$17,578,471$6,466,989$1,582,062$9,529,419
9$18,457,395$6,792,191$1,661,166$10,004,038
10$19,380,264$7,133,653$1,744,224$10,502,388
11$20,349,278$7,492,188$1,831,435$11,025,655
12$21,366,741$7,868,649$1,923,007$11,575,085
13$22,435,078$8,263,934$2,019,157$12,151,987
14$23,556,833$8,678,983$2,120,115$12,757,735
15$24,734,674$9,114,784$2,226,121$13,393,769
16$25,971,408$9,572,376$2,337,427$14,061,605
17$27,269,978$10,052,847$2,454,298$14,762,833
18$28,633,477$10,557,341$2,577,013$15,499,123
19$30,065,151$11,087,061$2,705,864$16,272,226
20$31,568,408$11,643,266$2,841,157$17,083,986
21$33,146,829$12,227,282$2,983,215$17,936,332
22$34,804,170$12,840,498$3,132,375$18,831,297
23$36,544,379$13,484,375$3,288,994$19,771,010
24$38,371,597$14,160,446$3,453,444$20,757,707
25$40,290,177$14,870,321$3,626,116$21,793,741
26$42,304,687$15,615,689$3,807,422$22,881,576
27$44,419,921$16,398,326$3,997,793$24,023,802
28$46,640,916$17,220,094$4,197,682$25,223,140
29$48,972,962$18,082,951$4,407,567$26,482,445
30$51,421,611$18,988,951$4,627,945$27,804,715
Total$830,000,002$305,988,651$74,700,002$449,311,352

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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.