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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,082,954$991,739$9,481,885
2$17,384,408$6,389,251$1,041,326$9,953,831
3$18,253,628$6,710,862$1,093,392$10,449,373
4$19,166,310$7,048,555$1,148,062$10,969,693
5$20,124,624$7,403,131$1,205,465$11,516,028
6$21,130,856$7,775,437$1,265,738$12,089,681
7$22,187,399$8,166,358$1,329,025$12,692,016
8$23,296,769$8,576,825$1,395,476$13,324,468
9$24,461,608$9,007,815$1,465,250$13,988,542
10$25,684,688$9,460,355$1,538,513$14,685,820
11$26,968,922$9,935,521$1,615,438$15,417,962
12$28,317,368$10,434,446$1,696,210$16,186,711
13$29,733,237$10,958,318$1,781,021$16,993,898
14$31,219,899$11,508,383$1,870,072$17,841,444
15$32,780,893$12,085,951$1,963,576$18,731,367
16$34,419,938$12,692,397$2,061,754$19,665,787
17$36,140,935$13,329,166$2,164,842$20,646,927
18$37,947,982$13,997,773$2,273,084$21,677,124
19$39,845,380$14,699,811$2,386,738$22,758,831
20$41,837,650$15,436,951$2,506,075$23,894,624
21$43,929,532$16,210,947$2,631,379$25,087,206
22$46,126,009$17,023,643$2,762,948$26,339,417
23$48,432,309$17,876,975$2,901,095$27,654,239
24$50,853,924$18,772,972$3,046,150$29,034,802
25$53,396,620$19,713,770$3,198,458$30,484,393
26$56,066,452$20,701,608$3,358,380$32,006,464
27$58,869,775$21,738,837$3,526,300$33,604,638
28$61,813,263$22,827,927$3,702,614$35,282,721
29$64,903,926$23,971,473$3,887,745$37,044,708
30$68,149,123$25,172,196$4,082,132$38,894,795
Total$1,100,000,002$405,710,608$65,889,997$628,399,395

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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.