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Massachusetts Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 2024

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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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,397,963$1,323,473$7,983,816
2$15,440,515$5,670,011$1,389,646$8,380,858
3$16,212,540$5,955,660$1,459,129$8,797,751
4$17,023,168$6,255,592$1,532,085$9,235,490
5$17,874,325$6,570,521$1,608,689$9,695,115
6$18,768,042$6,901,196$1,689,124$10,177,722
7$19,706,445$7,248,405$1,773,580$10,684,460
8$20,691,767$7,612,974$1,862,259$11,216,534
9$21,726,355$7,995,772$1,955,372$11,775,211
10$22,812,673$8,397,709$2,053,141$12,361,823
11$23,953,306$8,819,744$2,155,798$12,977,765
12$25,150,972$9,262,880$2,263,587$13,624,504
13$26,408,520$9,728,173$2,376,767$14,303,581
14$27,728,946$10,216,730$2,495,605$15,016,611
15$29,115,393$10,729,716$2,620,385$15,765,292
16$30,571,163$11,268,351$2,751,405$16,551,408
17$32,099,721$11,833,917$2,888,975$17,376,829
18$33,704,707$12,427,762$3,033,424$18,243,522
19$35,389,942$13,051,299$3,185,095$19,153,549
20$37,159,440$13,706,013$3,344,350$20,109,077
21$39,017,411$14,393,462$3,511,567$21,112,382
22$40,968,282$15,115,285$3,687,145$22,165,852
23$43,016,696$15,873,198$3,871,503$23,271,996
24$45,167,531$16,669,007$4,065,078$24,433,446
25$47,425,907$17,504,606$4,268,332$25,652,970
26$49,797,203$18,381,986$4,481,748$26,933,470
27$52,287,064$19,303,234$4,705,836$28,277,994
28$54,901,416$20,270,544$4,941,127$29,689,744
29$57,646,487$21,286,220$5,188,184$31,172,083
30$60,528,812$22,352,681$5,447,593$32,728,538
Total$977,000,002$360,200,611$87,930,002$528,869,393

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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.