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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 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 $360,000,000 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:Fri, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$487,666$2,968,979
2$5,689,443$2,062,114$512,050$3,115,279
3$5,973,915$2,167,369$537,652$3,268,894
4$6,272,610$2,277,886$564,535$3,430,189
5$6,586,241$2,393,929$592,762$3,599,550
6$6,915,553$2,515,775$622,400$3,777,378
7$7,261,331$2,643,713$653,520$3,964,098
8$7,624,397$2,778,047$686,196$4,160,154
9$8,005,617$2,919,099$720,506$4,366,013
10$8,405,898$3,067,202$756,531$4,582,165
11$8,826,193$3,222,712$794,357$4,809,124
12$9,267,502$3,385,996$834,075$5,047,431
13$9,730,877$3,557,445$875,779$5,297,654
14$10,217,421$3,737,466$919,568$5,560,387
15$10,728,292$3,926,488$965,546$5,836,258
16$11,264,707$4,124,962$1,013,824$6,125,922
17$11,827,942$4,333,359$1,064,515$6,430,069
18$12,419,339$4,552,176$1,117,741$6,749,423
19$13,040,306$4,781,934$1,173,628$7,084,745
20$13,692,322$5,023,179$1,232,309$7,436,833
21$14,376,938$5,276,487$1,293,924$7,806,526
22$15,095,785$5,542,461$1,358,621$8,194,703
23$15,850,574$5,821,733$1,426,552$8,602,290
24$16,643,102$6,114,968$1,497,879$9,030,255
25$17,475,258$6,422,866$1,572,773$9,479,619
26$18,349,021$6,746,158$1,651,412$9,951,451
27$19,266,472$7,085,615$1,733,982$10,446,874
28$20,229,795$7,442,044$1,820,682$10,967,069
29$21,241,285$7,816,296$1,911,716$11,513,274
30$22,303,349$8,209,259$2,007,301$12,086,788
Total$360,000,001$131,910,609$32,400,002$195,689,394

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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.