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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$743,421$191,003$1,187,829
2$2,228,365$782,683$200,553$1,245,129
3$2,339,783$823,908$210,580$1,305,295
4$2,456,772$867,194$221,110$1,368,469
5$2,579,611$912,644$232,165$1,434,802
6$2,708,592$960,367$243,773$1,504,452
7$2,844,021$1,010,476$255,962$1,577,584
8$2,986,222$1,063,090$268,760$1,654,372
9$3,135,533$1,118,335$282,198$1,735,000
10$3,292,310$1,176,342$296,308$1,819,660
11$3,456,925$1,237,250$311,123$1,908,552
12$3,629,772$1,301,203$326,679$2,001,889
13$3,811,260$1,368,354$343,013$2,099,893
14$4,001,823$1,438,862$360,164$2,202,797
15$4,201,914$1,512,896$378,172$2,310,846
16$4,412,010$1,590,632$397,081$2,424,298
17$4,632,611$1,672,254$416,935$2,543,422
18$4,864,241$1,757,957$437,782$2,668,503
19$5,107,453$1,847,945$459,671$2,799,837
20$5,362,826$1,942,433$482,654$2,937,738
21$5,630,967$2,041,646$506,787$3,082,535
22$5,912,516$2,145,819$532,126$3,234,571
23$6,208,141$2,255,200$558,733$3,394,209
24$6,518,548$2,370,051$586,669$3,561,828
25$6,844,476$2,490,644$616,003$3,737,829
26$7,186,700$2,617,267$646,803$3,922,630
27$7,546,035$2,750,221$679,143$4,116,671
28$7,923,336$2,889,822$713,100$4,320,414
29$8,319,503$3,036,404$748,755$4,534,344
30$8,735,478$3,190,315$786,193$4,758,971
Total$141,000,000$50,915,635$12,689,998$77,394,369

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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.