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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 2023

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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 $1,348,000,000 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, Jan 13, 2023
Jackpot:$1,348,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,289,334$7,470,009$1,826,040$10,993,286
2$21,303,801$7,845,362$1,917,342$11,541,098
3$22,368,991$8,239,482$2,013,209$12,116,300
4$23,487,441$8,653,308$2,113,870$12,720,263
5$24,661,812$9,087,826$2,219,563$13,354,424
6$25,894,903$9,544,069$2,330,541$14,020,293
7$27,189,649$10,023,125$2,447,068$14,719,456
8$28,549,132$10,526,134$2,569,422$15,453,576
9$29,976,588$11,054,293$2,697,893$16,224,403
10$31,475,417$11,608,859$2,832,788$17,033,770
11$33,049,188$12,191,155$2,974,427$17,883,607
12$34,701,648$12,802,565$3,123,148$18,775,935
13$36,436,730$13,444,545$3,279,306$19,712,879
14$38,258,567$14,118,625$3,443,271$20,696,671
15$40,171,495$14,826,408$3,615,435$21,729,652
16$42,180,070$15,569,581$3,796,206$22,814,283
17$44,289,072$16,349,912$3,986,017$23,953,144
18$46,503,526$17,169,260$4,185,317$25,148,949
19$48,828,702$18,029,575$4,394,583$26,404,544
20$51,270,138$18,932,906$4,614,312$27,722,920
21$53,833,644$19,881,403$4,845,028$29,107,213
22$56,525,327$20,877,326$5,087,279$30,560,721
23$59,351,593$21,923,045$5,341,643$32,086,905
24$62,319,172$23,021,049$5,608,726$33,689,398
25$65,435,131$24,173,953$5,889,162$35,372,016
26$68,706,889$25,384,504$6,183,620$37,138,765
27$72,142,233$26,655,581$6,492,801$38,993,851
28$75,749,344$27,990,212$6,817,441$40,941,690
29$79,536,811$29,391,575$7,158,313$42,986,923
30$83,513,652$30,863,006$7,516,229$45,134,417
Total$1,348,000,003$497,648,653$121,320,000$729,031,352

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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.