USA Mega

Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Jul 28, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $940,000,000 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, Jul 28, 2023
Jackpot:$940,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,148,349$5,191,909$1,273,351$7,683,088
2$14,855,767$5,453,654$1,337,019$8,065,094
3$15,598,555$5,728,485$1,403,870$8,466,199
4$16,378,483$6,017,059$1,474,063$8,887,361
5$17,197,406$6,320,061$1,547,767$9,329,579
6$18,057,277$6,638,213$1,625,155$9,793,909
7$18,960,141$6,972,273$1,706,413$10,281,456
8$19,908,148$7,323,035$1,791,733$10,793,380
9$20,903,556$7,691,336$1,881,320$11,330,900
10$21,948,733$8,078,051$1,975,386$11,895,296
11$23,046,170$8,484,103$2,074,155$12,487,911
12$24,198,478$8,910,457$2,177,863$13,110,158
13$25,408,402$9,358,129$2,286,756$13,763,517
14$26,678,822$9,828,185$2,401,094$14,449,544
15$28,012,763$10,321,743$2,521,149$15,169,872
16$29,413,402$10,839,979$2,647,206$15,926,217
17$30,884,071$11,384,127$2,779,566$16,720,378
18$32,428,275$11,955,482$2,918,545$17,554,248
19$34,049,689$12,555,405$3,064,472$18,429,812
20$35,752,173$13,185,324$3,217,696$19,349,153
21$37,539,782$13,846,739$3,378,580$20,314,462
22$39,416,771$14,541,225$3,547,509$21,328,036
23$41,387,610$15,270,436$3,724,885$22,392,289
24$43,456,990$16,036,106$3,911,129$23,509,754
25$45,629,839$16,840,061$4,106,686$24,683,093
26$47,911,332$17,684,213$4,312,020$25,915,099
27$50,306,898$18,570,573$4,527,621$27,208,705
28$52,822,243$19,501,250$4,754,002$28,566,991
29$55,463,355$20,478,462$4,991,702$29,993,191
30$58,236,523$21,504,534$5,241,287$31,490,702
Total$940,000,002$346,510,609$84,600,000$508,889,394

◄ Back to Jackpot Analysis

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.