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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 2024 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 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$1,768,123$440,254$2,683,339
2$5,136,302$1,858,620$462,267$2,815,415
3$5,393,117$1,953,641$485,381$2,954,096
4$5,662,773$2,053,414$509,650$3,099,710
5$5,945,912$2,158,175$535,132$3,252,605
6$6,243,207$2,268,174$561,889$3,413,144
7$6,555,368$2,383,674$589,983$3,581,711
8$6,883,136$2,504,948$619,482$3,758,706
9$7,227,293$2,632,286$650,456$3,944,551
10$7,588,658$2,765,991$682,979$4,139,687
11$7,968,091$2,906,381$717,128$4,344,581
12$8,366,495$3,053,791$752,985$4,559,720
13$8,784,820$3,208,571$790,634$4,785,615
14$9,224,061$3,371,090$830,165$5,022,805
15$9,685,264$3,541,735$871,674$5,271,855
16$10,169,527$3,720,913$915,257$5,533,357
17$10,678,003$3,909,049$961,020$5,807,934
18$11,211,904$4,106,592$1,009,071$6,096,240
19$11,772,499$4,314,012$1,059,525$6,398,962
20$12,361,124$4,531,804$1,112,501$6,716,819
21$12,979,180$4,760,484$1,168,126$7,050,569
22$13,628,139$5,000,599$1,226,532$7,401,007
23$14,309,546$5,252,720$1,287,859$7,768,967
24$15,025,023$5,517,446$1,352,252$8,155,325
25$15,776,274$5,795,409$1,419,865$8,561,000
26$16,565,088$6,087,270$1,490,858$8,986,960
27$17,393,343$6,393,724$1,565,401$9,434,217
28$18,263,009$6,715,501$1,643,671$9,903,837
29$19,176,160$7,053,367$1,725,854$10,396,939
30$20,134,968$7,408,126$1,812,147$10,914,695
Total$325,000,001$118,995,630$29,249,998$176,754,368

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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.