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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 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 $850,000,000 for a ticket purchased in Rhode Island, 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 prize money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$766,344$7,329,627
2$13,433,406$4,934,432$804,661$7,694,312
3$14,105,076$5,182,950$844,894$8,077,232
4$14,810,330$5,443,894$887,139$8,479,297
5$15,550,846$5,717,885$931,496$8,901,465
6$16,328,389$6,005,576$978,070$9,344,742
7$17,144,809$6,307,651$1,026,974$9,810,183
8$18,002,049$6,624,830$1,078,323$10,298,896
9$18,902,151$6,957,868$1,132,239$10,812,044
10$19,847,259$7,307,558$1,188,851$11,350,850
11$20,839,622$7,674,732$1,248,293$11,916,596
12$21,881,603$8,060,265$1,310,708$12,510,629
13$22,975,683$8,465,075$1,376,243$13,134,364
14$24,124,467$8,890,125$1,445,056$13,789,286
15$25,330,690$9,336,428$1,517,308$14,476,954
16$26,597,225$9,805,046$1,593,174$15,199,006
17$27,927,086$10,297,094$1,672,832$15,957,159
18$29,323,440$10,813,745$1,756,474$16,753,221
19$30,789,612$11,356,229$1,844,298$17,589,086
20$32,329,093$11,925,837$1,936,513$18,466,744
21$33,945,547$12,523,925$2,033,338$19,388,284
22$35,642,825$13,151,917$2,135,005$20,355,902
23$37,424,966$13,811,310$2,241,755$21,371,901
24$39,296,214$14,503,671$2,353,843$22,438,699
25$41,261,025$15,230,651$2,471,535$23,558,838
26$43,324,077$15,993,981$2,595,112$24,734,984
27$45,490,280$16,795,476$2,724,868$25,969,937
28$47,764,794$17,637,046$2,861,111$27,266,637
29$50,153,034$18,520,695$3,004,167$28,628,172
30$52,660,686$19,448,526$3,154,375$30,057,785
Total$850,000,002$313,422,167$50,914,999$485,662,832

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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.