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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Oct 4, 2024

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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 $108,000,000 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, Oct 4, 2024
Jackpot:$108,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,625,555$559,643$146,300$919,612
2$1,706,833$589,716$153,615$963,502
3$1,792,174$621,292$161,296$1,009,586
4$1,881,783$654,448$169,360$1,057,975
5$1,975,872$689,260$177,828$1,108,783
6$2,074,666$725,814$186,720$1,162,132
7$2,178,399$764,195$196,056$1,218,148
8$2,287,319$804,496$205,859$1,276,965
9$2,401,685$846,811$216,152$1,338,722
10$2,521,769$891,242$226,959$1,403,568
11$2,647,858$937,895$238,307$1,471,655
12$2,780,251$986,881$250,223$1,543,148
13$2,919,263$1,038,315$262,734$1,618,214
14$3,065,226$1,092,322$275,870$1,697,035
15$3,218,488$1,149,028$289,664$1,779,796
16$3,379,412$1,208,570$304,147$1,866,695
17$3,548,383$1,271,089$319,354$1,957,939
18$3,725,802$1,336,734$335,322$2,053,745
19$3,912,092$1,405,662$352,088$2,154,342
20$4,107,697$1,478,035$369,693$2,259,968
21$4,313,081$1,554,028$388,177$2,370,876
22$4,528,735$1,633,820$407,586$2,487,329
23$4,755,172$1,717,601$427,965$2,609,605
24$4,992,931$1,805,572$449,364$2,737,995
25$5,242,577$1,897,941$471,832$2,872,804
26$5,504,706$1,994,929$495,424$3,014,354
27$5,779,942$2,096,766$520,195$3,162,981
28$6,068,939$2,203,695$546,204$3,319,039
29$6,372,385$2,315,970$573,515$3,482,900
30$6,691,005$2,433,860$602,190$3,654,955
Total$108,000,000$38,705,630$9,719,999$59,574,368

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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.