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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 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 $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$742,254$191,003$1,188,996
2$2,228,365$781,515$200,553$1,246,297
3$2,339,783$822,740$210,580$1,306,463
4$2,456,772$866,026$221,110$1,369,637
5$2,579,611$911,476$232,165$1,435,970
6$2,708,592$959,199$243,773$1,505,619
7$2,844,021$1,009,308$255,962$1,578,751
8$2,986,222$1,061,922$268,760$1,655,540
9$3,135,533$1,117,168$282,198$1,736,168
10$3,292,310$1,175,175$296,308$1,820,827
11$3,456,925$1,236,083$311,123$1,909,720
12$3,629,772$1,300,036$326,679$2,003,056
13$3,811,260$1,367,187$343,013$2,101,060
14$4,001,823$1,437,695$360,164$2,203,964
15$4,201,914$1,511,729$378,172$2,312,014
16$4,412,010$1,589,464$397,081$2,425,465
17$4,632,611$1,671,086$416,935$2,544,590
18$4,864,241$1,756,790$437,782$2,669,670
19$5,107,453$1,846,778$459,671$2,801,005
20$5,362,826$1,941,266$482,654$2,938,906
21$5,630,967$2,040,478$506,787$3,083,702
22$5,912,516$2,144,651$532,126$3,235,738
23$6,208,141$2,254,033$558,733$3,395,376
24$6,518,548$2,368,883$586,669$3,562,996
25$6,844,476$2,489,476$616,003$3,738,997
26$7,186,700$2,616,099$646,803$3,923,798
27$7,546,035$2,749,053$679,143$4,117,839
28$7,923,336$2,888,655$713,100$4,321,581
29$8,319,503$3,035,236$748,755$4,535,511
30$8,735,478$3,189,147$786,193$4,760,138
Total$141,000,000$50,880,608$12,689,998$77,429,394

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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.