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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 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 $169,000,000 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, Sep 2, 2022
Jackpot:$169,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,543,693$899,354$152,367$1,491,971
2$2,670,877$946,412$159,986$1,564,479
3$2,804,421$995,824$167,985$1,640,613
4$2,944,642$1,047,705$176,384$1,720,553
5$3,091,874$1,102,181$185,203$1,804,490
6$3,246,468$1,159,381$194,463$1,892,624
7$3,408,791$1,219,441$204,187$1,985,164
8$3,579,231$1,282,503$214,396$2,082,332
9$3,758,192$1,348,719$225,116$2,184,358
10$3,946,102$1,418,245$236,372$2,291,485
11$4,143,407$1,491,248$248,190$2,403,969
12$4,350,577$1,567,901$260,600$2,522,076
13$4,568,106$1,648,387$273,630$2,646,090
14$4,796,512$1,732,897$287,311$2,776,304
15$5,036,337$1,821,633$301,677$2,913,028
16$5,288,154$1,914,805$316,760$3,056,589
17$5,552,562$2,012,636$332,598$3,207,328
18$5,830,190$2,115,358$349,228$3,365,604
19$6,121,699$2,223,217$366,690$3,531,793
20$6,427,784$2,336,468$385,024$3,706,292
21$6,749,174$2,455,382$404,275$3,889,516
22$7,086,632$2,580,242$424,489$4,081,901
23$7,440,964$2,711,344$445,714$4,283,906
24$7,813,012$2,849,002$467,999$4,496,010
25$8,203,663$2,993,543$491,399$4,718,720
26$8,613,846$3,145,311$515,969$4,952,566
27$9,044,538$3,304,667$541,768$5,198,103
28$9,496,765$3,471,991$568,856$5,455,918
29$9,971,603$3,647,681$597,299$5,726,623
30$10,470,183$3,832,156$627,164$6,010,864
Total$169,000,000$61,275,634$10,123,099$97,601,269

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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.