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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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The tax information provided here is based on 2025 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 $31,000,000 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, Jan 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$132,855$41,994$291,746
2$489,924$141,021$44,093$304,810
3$514,420$149,594$46,298$318,528
4$540,141$158,597$48,613$332,932
5$567,149$168,049$51,043$348,056
6$595,506$177,974$53,596$363,936
7$625,281$188,396$56,275$380,610
8$656,545$199,942$59,089$397,514
9$689,373$212,088$62,044$415,241
10$723,841$224,841$65,146$433,854
11$760,033$238,233$68,403$453,398
12$798,035$252,293$71,823$473,919
13$837,937$267,057$75,414$495,466
14$879,834$282,559$79,185$518,090
15$923,825$298,836$83,144$541,845
16$970,016$315,926$87,301$566,789
17$1,018,517$333,872$91,667$592,979
18$1,069,443$352,714$96,250$620,479
19$1,122,915$372,499$101,062$649,354
20$1,179,061$393,273$106,115$679,673
21$1,238,014$415,085$111,421$711,507
22$1,299,915$437,989$116,992$744,934
23$1,364,911$462,037$122,842$780,031
24$1,433,156$487,288$128,984$816,884
25$1,504,814$513,801$135,433$855,579
26$1,580,055$541,640$142,205$896,209
27$1,659,057$570,871$149,315$938,871
28$1,742,010$601,564$156,781$983,665
29$1,829,111$633,791$164,620$1,030,699
30$1,920,566$667,630$172,851$1,080,085
Total$31,000,000$10,192,315$2,789,999$18,017,683

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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.