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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 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 $830,000,000 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, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,579,316$748,312$7,165,063
2$13,117,326$4,810,431$785,728$7,521,167
3$13,773,192$5,053,101$825,014$7,895,076
4$14,461,852$5,307,905$866,265$8,287,682
5$15,184,944$5,575,449$909,578$8,699,916
6$15,944,191$5,856,371$955,057$9,132,763
7$16,741,401$6,151,339$1,002,810$9,587,253
8$17,578,471$6,461,055$1,052,950$10,064,466
9$18,457,395$6,786,256$1,105,598$10,565,540
10$19,380,264$7,127,718$1,160,878$11,091,668
11$20,349,278$7,486,253$1,218,922$11,644,103
12$21,366,741$7,862,715$1,279,868$12,224,159
13$22,435,078$8,257,999$1,343,861$12,833,218
14$23,556,833$8,673,048$1,411,054$13,472,730
15$24,734,674$9,108,850$1,481,607$14,144,217
16$25,971,408$9,566,441$1,555,687$14,849,279
17$27,269,978$10,046,912$1,633,472$15,589,594
18$28,633,477$10,551,407$1,715,145$16,366,925
19$30,065,151$11,081,126$1,800,903$17,183,122
20$31,568,408$11,637,331$1,890,948$18,040,129
21$33,146,829$12,221,347$1,985,495$18,939,987
22$34,804,170$12,834,563$2,084,770$19,884,837
23$36,544,379$13,478,440$2,189,008$20,876,930
24$38,371,597$14,154,511$2,298,459$21,918,627
25$40,290,177$14,864,386$2,413,382$23,012,410
26$42,304,687$15,609,754$2,534,051$24,160,882
27$44,419,921$16,392,391$2,660,753$25,366,777
28$46,640,916$17,214,159$2,793,791$26,632,966
29$48,972,962$18,077,016$2,933,480$27,962,466
30$51,421,611$18,983,016$3,080,154$29,358,440
Total$830,000,002$305,810,606$49,717,000$474,472,392

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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.