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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,282,450$214,576$2,085,216
2$3,761,354$1,348,721$225,305$2,187,327
3$3,949,421$1,418,306$236,570$2,294,545
4$4,146,892$1,491,370$248,399$2,407,123
5$4,354,237$1,568,088$260,819$2,525,330
6$4,571,949$1,648,641$273,860$2,649,448
7$4,800,546$1,733,222$287,553$2,779,771
8$5,040,574$1,822,033$301,930$2,916,611
9$5,292,602$1,915,283$317,027$3,060,292
10$5,557,232$2,013,196$332,878$3,211,158
11$5,835,094$2,116,005$349,522$3,369,567
12$6,126,849$2,223,954$366,998$3,535,896
13$6,433,191$2,337,301$385,348$3,710,542
14$6,754,851$2,456,315$404,616$3,893,920
15$7,092,593$2,581,280$424,846$4,086,467
16$7,447,223$2,712,493$446,089$4,288,642
17$7,819,584$2,850,266$468,393$4,500,925
18$8,210,563$2,994,929$491,813$4,723,822
19$8,621,091$3,146,824$516,403$4,957,864
20$9,052,146$3,306,314$542,224$5,203,608
21$9,504,753$3,473,779$569,335$5,461,640
22$9,979,991$3,649,617$597,801$5,732,573
23$10,478,991$3,834,247$627,692$6,017,052
24$11,002,940$4,028,108$659,076$6,315,756
25$11,553,087$4,231,662$692,030$6,629,395
26$12,130,741$4,445,395$726,631$6,958,715
27$12,737,279$4,669,813$762,963$7,304,502
28$13,374,142$4,905,453$801,111$7,667,578
29$14,042,849$5,152,875$841,167$8,048,808
30$14,744,992$5,412,667$883,225$8,449,100
Total$238,000,000$86,770,607$14,256,200$136,973,193

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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.