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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$480,893$2,922,405
2$5,610,422$2,038,811$504,938$3,066,673
3$5,890,943$2,142,604$530,185$3,218,154
4$6,185,491$2,251,587$556,694$3,377,210
5$6,494,765$2,366,018$584,529$3,544,218
6$6,819,503$2,486,171$613,755$3,719,577
7$7,160,479$2,612,332$644,443$3,903,704
8$7,518,503$2,744,801$676,665$4,097,036
9$7,894,428$2,883,893$710,499$4,300,036
10$8,289,149$3,029,940$746,023$4,513,186
11$8,703,607$3,183,289$783,325$4,736,993
12$9,138,787$3,344,306$822,491$4,971,990
13$9,595,726$3,513,374$863,615$5,218,737
14$10,075,513$3,690,895$906,796$5,477,822
15$10,579,288$3,877,292$952,136$5,749,861
16$11,108,253$4,073,009$999,743$6,035,502
17$11,663,665$4,278,511$1,049,730$6,335,424
18$12,246,849$4,494,289$1,102,216$6,650,343
19$12,859,191$4,720,856$1,157,327$6,981,008
20$13,502,151$4,958,751$1,215,194$7,328,206
21$14,177,258$5,208,540$1,275,953$7,692,764
22$14,886,121$5,470,820$1,339,751$8,075,550
23$15,630,427$5,746,213$1,406,738$8,477,476
24$16,411,948$6,035,376$1,477,075$8,899,497
25$17,232,546$6,338,997$1,550,929$9,342,620
26$18,094,173$6,657,799$1,628,476$9,807,899
27$18,998,882$6,992,541$1,709,899$10,296,441
28$19,948,826$7,344,020$1,795,394$10,809,411
29$20,946,267$7,713,074$1,885,164$11,348,029
30$21,993,581$8,100,580$1,979,422$11,913,578
Total$355,000,001$130,238,650$31,949,998$192,811,350

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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.