USA Mega

Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Mar 24, 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 $30,000,000 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:Tue, Mar 24, 1998
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$451,543$128,415$27,047$296,081
2$474,120$136,317$28,400$309,404
3$497,826$144,614$29,820$323,392
4$522,718$153,326$31,311$338,081
5$548,853$162,473$32,876$353,504
6$576,296$172,078$34,520$369,698
7$605,111$182,164$36,246$386,701
8$635,366$193,273$38,058$404,035
9$667,135$205,028$39,961$422,146
10$700,491$217,370$41,959$441,162
11$735,516$230,329$44,057$461,130
12$772,292$243,936$46,260$482,096
13$810,906$258,223$48,573$504,110
14$851,452$273,225$51,002$527,225
15$894,024$288,977$53,552$551,496
16$938,726$305,516$56,230$576,980
17$985,662$322,883$59,041$603,738
18$1,034,945$341,117$61,993$631,834
19$1,086,692$360,264$65,093$661,335
20$1,141,027$380,368$68,348$692,312
21$1,198,078$401,477$71,765$724,837
22$1,257,982$423,641$75,353$758,988
23$1,320,881$446,914$79,121$794,847
24$1,386,925$471,350$83,077$832,498
25$1,456,271$497,008$87,231$872,033
26$1,529,085$523,949$91,592$913,544
27$1,605,539$552,237$96,172$957,130
28$1,685,816$581,940$100,980$1,002,896
29$1,770,107$613,127$106,029$1,050,950
30$1,858,612$645,874$111,331$1,101,407
Total$30,000,000$9,857,413$1,796,998$18,345,590

◄ 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.