USA Mega

Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Dec 18, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $10,000,000 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 money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Fri, Dec 18, 1998
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$9,016$112,333
2$158,040$30,972$9,467$117,601
3$165,942$32,869$9,940$123,134
4$174,239$34,860$10,437$128,942
5$182,951$36,951$10,959$135,042
6$192,099$39,158$11,507$141,434
7$201,704$42,232$12,082$147,390
8$211,789$45,459$12,686$153,644
9$222,378$48,848$13,320$160,210
10$233,497$52,406$13,986$167,105
11$245,172$56,185$14,686$174,301
12$257,431$60,475$15,420$181,535
13$270,302$64,981$16,191$189,131
14$283,817$69,711$17,001$197,106
15$298,008$74,678$17,851$205,480
16$312,909$79,893$18,743$214,273
17$328,554$85,369$19,680$223,505
18$344,982$91,118$20,664$233,199
19$362,231$97,156$21,698$243,378
20$380,342$103,495$22,783$254,065
21$399,359$110,151$23,922$265,287
22$419,327$117,139$25,118$277,070
23$440,294$124,478$26,374$289,443
24$462,308$132,183$27,692$302,433
25$485,424$140,273$29,077$316,074
26$509,695$148,768$30,531$330,396
27$535,180$157,688$32,057$345,435
28$561,939$167,053$33,660$361,225
29$590,036$176,887$35,343$377,805
30$619,537$187,417$37,110$395,011
Total$10,000,000$2,638,019$599,001$6,762,987

◄ Back to Jackpot Analysis

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.