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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 2023

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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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$743,421$127,123$1,251,708
2$2,228,365$782,683$133,479$1,312,203
3$2,339,783$823,908$140,153$1,375,723
4$2,456,772$867,194$147,161$1,442,418
5$2,579,611$912,644$154,519$1,512,448
6$2,708,592$960,367$162,245$1,585,980
7$2,844,021$1,010,476$170,357$1,663,189
8$2,986,222$1,063,090$178,875$1,744,258
9$3,135,533$1,118,335$187,818$1,829,380
10$3,292,310$1,176,342$197,209$1,918,758
11$3,456,925$1,237,250$207,070$2,012,605
12$3,629,772$1,301,203$217,423$2,111,145
13$3,811,260$1,368,354$228,294$2,214,612
14$4,001,823$1,438,862$239,709$2,323,252
15$4,201,914$1,512,896$251,695$2,437,324
16$4,412,010$1,590,632$264,279$2,557,099
17$4,632,611$1,672,254$277,493$2,682,864
18$4,864,241$1,757,957$291,368$2,814,916
19$5,107,453$1,847,945$305,936$2,953,571
20$5,362,826$1,942,433$321,233$3,099,159
21$5,630,967$2,041,646$337,295$3,252,027
22$5,912,516$2,145,819$354,160$3,412,537
23$6,208,141$2,255,200$371,868$3,581,074
24$6,518,548$2,370,051$390,461$3,758,037
25$6,844,476$2,490,644$409,984$3,943,848
26$7,186,700$2,617,267$430,483$4,138,950
27$7,546,035$2,750,221$452,007$4,343,807
28$7,923,336$2,889,822$474,608$4,558,906
29$8,319,503$3,036,404$498,338$4,784,761
30$8,735,478$3,190,315$523,255$5,021,909
Total$141,000,000$50,915,635$8,445,898$81,638,468

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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.