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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 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 $210,000,000 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 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,126,517$189,332$1,844,953
2$3,318,841$1,184,992$198,799$1,935,051
3$3,484,783$1,246,390$208,739$2,029,655
4$3,659,023$1,310,859$219,175$2,128,989
5$3,841,974$1,378,551$230,134$2,233,289
6$4,034,072$1,449,627$241,641$2,342,804
7$4,235,776$1,524,257$253,723$2,457,796
8$4,447,565$1,602,619$266,409$2,578,537
9$4,669,943$1,684,899$279,730$2,705,314
10$4,903,440$1,771,293$293,716$2,838,431
11$5,148,612$1,862,007$308,402$2,978,204
12$5,406,043$1,957,256$323,822$3,124,965
13$5,676,345$2,057,268$340,013$3,279,064
14$5,960,162$2,162,280$357,014$3,440,868
15$6,258,171$2,272,543$374,864$3,610,763
16$6,571,079$2,388,320$393,608$3,789,152
17$6,899,633$2,509,884$413,288$3,976,460
18$7,244,615$2,637,528$433,952$4,173,135
19$7,606,845$2,771,553$455,650$4,379,642
20$7,987,188$2,912,280$478,433$4,596,475
21$8,386,547$3,060,043$502,354$4,824,150
22$8,805,874$3,215,194$527,472$5,063,209
23$9,246,168$3,378,102$553,845$5,314,220
24$9,708,476$3,549,157$581,538$5,577,782
25$10,193,900$3,728,763$610,615$5,854,522
26$10,703,595$3,917,351$641,145$6,145,099
27$11,238,775$4,115,367$673,203$6,450,205
28$11,800,714$4,323,284$706,863$6,770,567
29$12,390,749$4,541,598$742,206$7,106,946
30$13,010,287$4,770,826$779,316$7,460,144
Total$210,000,000$76,410,608$12,579,001$121,010,391

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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.