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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Feb 1, 2013

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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 $13,000,000 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 1, 2013
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$39,807$11,721$144,141
2$205,452$42,808$12,307$150,338
3$215,725$46,095$12,922$156,708
4$226,511$49,546$13,568$163,396
5$237,836$53,171$14,246$170,419
6$249,728$56,976$14,959$177,794
7$262,215$61,322$15,707$185,186
8$275,325$65,911$16,492$192,922
9$289,092$70,729$17,317$201,046
10$303,546$75,788$18,182$209,575
11$318,724$81,101$19,092$218,532
12$334,660$86,678$20,046$227,936
13$351,393$92,535$21,048$237,810
14$368,962$98,684$22,101$248,177
15$387,411$105,141$23,206$259,064
16$406,781$111,921$24,366$270,494
17$427,120$119,039$25,584$282,496
18$448,476$126,514$26,864$295,099
19$470,900$134,362$28,207$308,331
20$494,445$142,603$29,617$322,225
21$519,167$151,256$31,098$336,813
22$545,126$160,341$32,653$352,131
23$572,382$169,881$34,286$368,215
24$601,001$179,898$36,000$385,103
25$631,051$190,509$37,800$402,742
26$662,604$202,184$39,690$420,730
27$695,734$214,442$41,674$439,618
28$730,520$227,313$43,758$459,449
29$767,046$240,827$45,946$480,273
30$805,399$255,018$48,243$502,138
Total$13,000,000$3,652,400$778,700$8,568,901

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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.