USA Mega

Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Feb 12, 1999

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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 $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, Feb 12, 1999
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$28,970$9,016$112,528
2$158,040$30,777$9,467$117,797
3$165,942$32,673$9,940$123,329
4$174,239$34,664$10,437$129,138
5$182,951$36,755$10,959$135,237
6$192,099$38,951$11,507$141,641
7$201,704$41,608$12,082$148,013
8$211,789$44,835$12,686$154,267
9$222,378$48,224$13,320$160,834
10$233,497$51,782$13,986$167,729
11$245,172$55,518$14,686$174,968
12$257,431$59,648$15,420$182,363
13$270,302$64,153$16,191$189,958
14$283,817$68,883$17,001$197,933
15$298,008$73,850$17,851$206,307
16$312,909$79,065$18,743$215,100
17$328,554$84,541$19,680$224,332
18$344,982$90,291$20,664$234,026
19$362,231$96,328$21,698$244,205
20$380,342$102,667$22,783$254,893
21$399,359$109,323$23,922$266,115
22$419,327$116,312$25,118$277,898
23$440,294$123,650$26,374$290,270
24$462,308$131,355$27,692$303,261
25$485,424$139,446$29,077$316,901
26$509,695$147,941$30,531$331,224
27$535,180$156,860$32,057$346,262
28$561,939$166,226$33,660$362,053
29$590,036$176,060$35,343$378,633
30$619,537$186,385$37,110$396,042
Total$10,000,000$2,617,741$599,001$6,783,257

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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.