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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

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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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,539,793$256,049$2,478,766
2$4,488,338$1,618,873$268,851$2,600,614
3$4,712,755$1,701,907$282,294$2,728,554
4$4,948,393$1,789,093$296,409$2,862,891
5$5,195,812$1,880,638$311,229$3,003,945
6$5,455,603$1,976,761$326,791$3,152,051
7$5,728,383$2,077,689$343,130$3,307,563
8$6,014,802$2,183,665$360,287$3,470,851
9$6,315,542$2,294,938$378,301$3,642,303
10$6,631,319$2,411,776$397,216$3,822,327
11$6,962,885$2,534,455$417,077$4,011,353
12$7,311,030$2,663,269$437,931$4,209,830
13$7,676,581$2,798,523$459,827$4,418,231
14$8,060,410$2,940,540$482,819$4,637,052
15$8,463,431$3,089,657$506,959$4,866,814
16$8,886,602$3,246,231$532,307$5,108,064
17$9,330,932$3,410,633$558,923$5,361,377
18$9,797,479$3,583,255$586,869$5,627,355
19$10,287,353$3,764,508$616,212$5,906,632
20$10,801,720$3,954,824$647,023$6,199,873
21$11,341,806$4,154,656$679,374$6,507,776
22$11,908,897$4,364,480$713,343$6,831,074
23$12,504,342$4,584,794$749,010$7,170,537
24$13,129,559$4,816,124$786,461$7,526,974
25$13,786,036$5,059,021$825,784$7,901,232
26$14,475,339$5,314,063$867,073$8,294,203
27$15,199,105$5,581,857$910,426$8,706,822
28$15,959,061$5,863,040$955,948$9,140,073
29$16,757,014$6,158,283$1,003,745$9,594,986
30$17,594,864$6,468,288$1,053,932$10,072,644
Total$284,000,001$103,825,634$17,011,600$163,162,767

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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.