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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,517,788$1,385,730$13,230,537
2$24,290,759$8,945,768$1,455,016$13,889,974
3$25,505,296$9,395,147$1,527,767$14,582,382
4$26,780,562$9,866,996$1,604,156$15,309,411
5$28,119,589$10,362,436$1,684,363$16,072,790
6$29,525,569$10,882,648$1,768,582$16,874,339
7$31,001,848$11,428,871$1,857,011$17,715,966
8$32,551,940$12,002,406$1,949,861$18,599,673
9$34,179,537$12,604,616$2,047,354$19,527,566
10$35,888,513$13,236,938$2,149,722$20,501,854
11$37,682,939$13,900,875$2,257,208$21,524,856
12$39,567,086$14,598,010$2,370,068$22,599,008
13$41,545,440$15,330,001$2,488,572$23,726,868
14$43,622,713$16,098,592$2,613,001$24,911,121
15$45,803,848$16,905,612$2,743,650$26,154,586
16$48,094,041$17,752,983$2,880,833$27,460,225
17$50,498,742$18,642,722$3,024,875$28,831,145
18$53,023,680$19,576,949$3,176,118$30,270,612
19$55,674,863$20,557,887$3,334,924$31,782,052
20$58,458,607$21,587,872$3,501,671$33,369,064
21$61,381,537$22,669,356$3,676,754$35,035,426
22$64,450,614$23,804,915$3,860,592$36,785,107
23$67,673,145$24,997,251$4,053,621$38,622,272
24$71,056,801$26,249,204$4,256,302$40,551,295
25$74,609,641$27,563,755$4,469,118$42,576,769
26$78,340,125$28,944,034$4,692,573$44,703,517
27$82,257,131$30,393,326$4,927,202$46,936,602
28$86,369,986$31,915,083$5,173,562$49,281,341
29$90,688,486$33,512,927$5,432,240$51,743,318
30$95,222,911$35,190,665$5,703,852$54,328,394
Total$1,537,000,003$567,435,633$92,066,298$877,498,070

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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.