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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jul 18, 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 $640,000,000 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, Jul 18, 2023
Jackpot:$640,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,632,918$3,521,200$866,963$5,244,756
2$10,114,564$3,699,409$910,311$5,504,845
3$10,620,292$3,886,528$955,826$5,777,938
4$11,151,308$4,083,004$1,003,618$6,064,686
5$11,708,872$4,289,303$1,053,799$6,365,771
6$12,294,316$4,505,917$1,106,488$6,681,910
7$12,909,032$4,733,362$1,161,813$7,013,857
8$13,554,484$4,972,179$1,219,904$7,362,401
9$14,232,208$5,222,937$1,280,899$7,728,372
10$14,943,818$5,486,233$1,344,944$8,112,642
11$15,691,009$5,762,694$1,412,191$8,516,125
12$16,475,560$6,052,977$1,482,800$8,939,782
13$17,299,338$6,357,775$1,556,940$9,384,622
14$18,164,305$6,677,813$1,634,787$9,851,704
15$19,072,520$7,013,853$1,716,527$10,342,140
16$20,026,146$7,366,694$1,802,353$10,857,099
17$21,027,453$7,737,178$1,892,471$11,397,804
18$22,078,826$8,126,186$1,987,094$11,965,546
19$23,182,767$8,534,644$2,086,449$12,561,674
20$24,341,905$8,963,525$2,190,771$13,187,609
21$25,559,000$9,413,850$2,300,310$13,844,840
22$26,836,950$9,886,692$2,415,326$14,534,933
23$28,178,798$10,383,176$2,536,092$15,259,531
24$29,587,738$10,904,483$2,662,896$16,020,358
25$31,067,124$11,451,856$2,796,041$16,819,227
26$32,620,481$12,026,598$2,935,843$17,658,040
27$34,251,505$12,630,077$3,082,635$18,538,793
28$35,964,080$13,263,730$3,236,767$19,463,583
29$37,762,284$13,929,065$3,398,606$20,434,613
30$39,650,399$14,627,668$3,568,536$21,454,195
Total$640,000,001$235,510,606$57,600,000$346,889,396

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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.