USA Mega

Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $333,000,000 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, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$300,226$2,894,459
2$5,262,734$1,910,167$315,238$3,037,330
3$5,525,871$2,007,527$331,000$3,187,344
4$5,802,165$2,109,756$347,550$3,344,859
5$6,092,273$2,217,096$364,927$3,510,250
6$6,396,886$2,329,803$383,173$3,683,910
7$6,716,731$2,448,145$402,332$3,866,253
8$7,052,567$2,572,405$422,449$4,057,714
9$7,405,196$2,702,877$443,571$4,258,747
10$7,775,455$2,839,874$465,750$4,469,832
11$8,164,228$2,983,719$489,037$4,691,472
12$8,572,440$3,134,758$513,489$4,924,193
13$9,001,062$3,293,348$539,164$5,168,550
14$9,451,115$3,459,867$566,122$5,425,126
15$9,923,670$3,634,713$594,428$5,694,529
16$10,419,854$3,818,301$624,149$5,977,404
17$10,940,847$4,011,068$655,357$6,274,422
18$11,487,889$4,213,474$688,125$6,586,290
19$12,062,283$4,426,000$722,531$6,913,753
20$12,665,398$4,649,152$758,657$7,257,588
21$13,298,667$4,883,462$796,590$7,618,615
22$13,963,601$5,129,487$836,420$7,997,694
23$14,661,781$5,387,814$878,241$8,395,726
24$15,394,870$5,659,057$922,153$8,813,660
25$16,164,613$5,943,862$968,260$9,252,491
26$16,972,844$6,242,907$1,016,673$9,713,263
27$17,821,486$6,556,905$1,067,507$10,197,074
28$18,712,560$6,886,602$1,120,882$10,705,076
29$19,648,188$7,232,785$1,176,926$11,238,477
30$20,630,598$7,596,276$1,235,773$11,798,549
Total$333,000,001$122,098,649$19,946,700$190,954,650

◄ Back to Jackpot Analysis

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.