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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 2023

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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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,005,166$254,670$1,569,834
2$2,971,153$1,057,514$267,404$1,646,235
3$3,119,711$1,112,481$280,774$1,726,456
4$3,275,697$1,170,195$294,813$1,810,688
5$3,439,481$1,230,796$309,553$1,899,132
6$3,611,455$1,294,426$325,031$1,991,998
7$3,792,028$1,361,238$341,283$2,089,508
8$3,981,630$1,431,391$358,347$2,191,892
9$4,180,711$1,505,051$376,264$2,299,396
10$4,389,747$1,582,394$395,077$2,412,275
11$4,609,234$1,663,604$414,831$2,530,799
12$4,839,696$1,748,875$435,573$2,655,248
13$5,081,680$1,838,410$457,351$2,785,920
14$5,335,764$1,932,421$480,219$2,923,125
15$5,602,553$2,031,132$504,230$3,067,191
16$5,882,680$2,134,779$529,441$3,218,460
17$6,176,814$2,243,609$555,913$3,377,292
18$6,485,655$2,357,880$583,709$3,544,066
19$6,809,938$2,477,865$612,894$3,719,179
20$7,150,435$2,603,849$643,539$3,903,047
21$7,507,956$2,736,132$675,716$4,096,109
22$7,883,354$2,875,029$709,502$4,298,824
23$8,277,522$3,020,871$744,977$4,511,674
24$8,691,398$3,174,005$782,226$4,735,167
25$9,125,968$3,334,796$821,337$4,969,835
26$9,582,266$3,503,626$862,404$5,216,236
27$10,061,380$3,680,898$905,524$5,474,957
28$10,564,449$3,867,034$950,800$5,746,614
29$11,092,671$4,062,476$998,340$6,031,855
30$11,647,305$4,267,690$1,048,257$6,331,357
Total$188,000,000$68,305,633$16,919,999$102,774,369

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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.