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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$1,811,139$10,903,880
2$21,129,957$7,781,039$1,901,696$11,447,222
3$22,186,455$8,171,943$1,996,781$12,017,731
4$23,295,778$8,582,393$2,096,620$12,616,765
5$24,460,566$9,013,364$2,201,451$13,245,751
6$25,683,595$9,465,885$2,311,524$13,906,186
7$26,967,775$9,941,032$2,427,100$14,599,644
8$28,316,164$10,439,936$2,548,455$15,327,774
9$29,731,972$10,963,785$2,675,877$16,092,310
10$31,218,570$11,513,826$2,809,671$16,895,073
11$32,779,499$12,091,370$2,950,155$17,737,974
12$34,418,474$12,697,790$3,097,663$18,623,021
13$36,139,397$13,334,532$3,252,546$19,552,320
14$37,946,368$14,003,111$3,415,173$20,528,084
15$39,843,686$14,705,119$3,585,932$21,552,635
16$41,835,870$15,442,227$3,765,228$22,628,415
17$43,927,663$16,216,190$3,953,490$23,757,983
18$46,124,047$17,028,852$4,151,164$24,944,030
19$48,430,249$17,882,147$4,358,722$26,189,379
20$50,851,761$18,778,107$4,576,659$27,496,996
21$53,394,349$19,718,864$4,805,491$28,869,994
22$56,064,067$20,706,660$5,045,766$30,311,641
23$58,867,270$21,743,845$5,298,054$31,825,371
24$61,810,633$22,832,889$5,562,957$33,414,787
25$64,901,165$23,976,386$5,841,105$35,083,674
26$68,146,224$25,177,058$6,133,160$36,836,006
27$71,553,535$26,437,763$6,439,818$38,675,954
28$75,131,211$27,761,503$6,761,809$40,607,899
29$78,887,772$29,151,431$7,099,899$42,636,442
30$82,832,161$30,610,855$7,454,894$44,766,412
Total$1,337,000,003$493,578,651$120,329,999$723,091,353

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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.