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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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The tax information provided here is based on 2022 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 $451,000,000 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:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$406,613$3,906,996
2$7,127,607$2,600,170$426,944$4,100,494
3$7,483,987$2,732,030$448,291$4,303,666
4$7,858,187$2,870,484$470,705$4,516,997
5$8,251,096$3,015,861$494,241$4,740,995
6$8,663,651$3,168,506$518,953$4,976,192
7$9,096,834$3,328,783$544,900$5,223,150
8$9,551,675$3,497,075$572,145$5,482,455
9$10,029,259$3,673,781$600,753$5,754,726
10$10,530,722$3,859,322$630,790$6,040,610
11$11,057,258$4,054,140$662,330$6,340,788
12$11,610,121$4,258,700$695,446$6,655,975
13$12,190,627$4,473,487$730,219$6,986,921
14$12,800,158$4,699,014$766,729$7,334,415
15$13,440,166$4,935,816$805,066$7,699,284
16$14,112,175$5,184,460$845,319$8,082,396
17$14,817,783$5,445,535$887,585$8,484,663
18$15,558,672$5,719,664$931,964$8,907,044
19$16,336,606$6,007,499$978,563$9,350,544
20$17,153,436$6,309,726$1,027,491$9,816,219
21$18,011,108$6,627,065$1,078,865$10,305,178
22$18,911,663$6,960,270$1,132,809$10,818,584
23$19,857,247$7,310,136$1,189,449$11,357,661
24$20,850,109$7,677,495$1,248,922$11,923,692
25$21,892,614$8,063,222$1,311,368$12,518,024
26$22,987,245$8,468,236$1,376,936$13,142,074
27$24,136,608$8,893,500$1,445,783$13,797,325
28$25,343,438$9,340,027$1,518,072$14,485,339
29$26,610,610$9,808,881$1,593,976$15,207,754
30$27,941,140$10,301,177$1,673,674$15,966,289
Total$451,000,001$165,758,650$27,014,901$258,226,450

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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.