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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$440,254$2,678,572
2$5,136,302$1,863,387$462,267$2,810,648
3$5,393,117$1,958,408$485,381$2,949,328
4$5,662,773$2,058,181$509,650$3,094,943
5$5,945,912$2,162,942$535,132$3,247,837
6$6,243,207$2,272,942$561,889$3,408,377
7$6,555,368$2,388,441$589,983$3,576,944
8$6,883,136$2,509,715$619,482$3,753,939
9$7,227,293$2,637,053$650,456$3,939,783
10$7,588,658$2,770,758$682,979$4,134,920
11$7,968,091$2,911,149$717,128$4,339,814
12$8,366,495$3,058,558$752,985$4,554,952
13$8,784,820$3,213,338$790,634$4,780,848
14$9,224,061$3,375,858$830,165$5,018,038
15$9,685,264$3,546,503$871,674$5,267,088
16$10,169,527$3,725,680$915,257$5,528,590
17$10,678,003$3,913,816$961,020$5,803,167
18$11,211,904$4,111,359$1,009,071$6,091,473
19$11,772,499$4,318,780$1,059,525$6,394,194
20$12,361,124$4,536,571$1,112,501$6,712,052
21$12,979,180$4,765,252$1,168,126$7,045,802
22$13,628,139$5,005,366$1,226,532$7,396,240
23$14,309,546$5,257,487$1,287,859$7,764,200
24$15,025,023$5,522,214$1,352,252$8,150,557
25$15,776,274$5,800,176$1,419,865$8,556,233
26$16,565,088$6,092,038$1,490,858$8,982,193
27$17,393,343$6,398,492$1,565,401$9,429,450
28$18,263,009$6,720,268$1,643,671$9,899,070
29$19,176,160$7,058,134$1,725,854$10,392,171
30$20,134,968$7,412,893$1,812,147$10,909,928
Total$325,000,001$119,138,649$29,249,998$176,611,351

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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.