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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 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 $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$742,254$127,123$1,252,876
2$2,228,365$781,515$133,479$1,313,371
3$2,339,783$822,740$140,153$1,376,890
4$2,456,772$866,026$147,161$1,443,586
5$2,579,611$911,476$154,519$1,513,616
6$2,708,592$959,199$162,245$1,587,148
7$2,844,021$1,009,308$170,357$1,664,356
8$2,986,222$1,061,922$178,875$1,745,425
9$3,135,533$1,117,168$187,818$1,830,547
10$3,292,310$1,175,175$197,209$1,919,926
11$3,456,925$1,236,083$207,070$2,013,773
12$3,629,772$1,300,036$217,423$2,112,313
13$3,811,260$1,367,187$228,294$2,215,779
14$4,001,823$1,437,695$239,709$2,324,419
15$4,201,914$1,511,729$251,695$2,438,491
16$4,412,010$1,589,464$264,279$2,558,267
17$4,632,611$1,671,086$277,493$2,684,031
18$4,864,241$1,756,790$291,368$2,816,084
19$5,107,453$1,846,778$305,936$2,954,739
20$5,362,826$1,941,266$321,233$3,100,327
21$5,630,967$2,040,478$337,295$3,253,194
22$5,912,516$2,144,651$354,160$3,413,705
23$6,208,141$2,254,033$371,868$3,582,241
24$6,518,548$2,368,883$390,461$3,759,204
25$6,844,476$2,489,476$409,984$3,945,015
26$7,186,700$2,616,099$430,483$4,140,117
27$7,546,035$2,749,053$452,007$4,344,974
28$7,923,336$2,888,655$474,608$4,560,074
29$8,319,503$3,035,236$498,338$4,785,929
30$8,735,478$3,189,147$523,255$5,023,076
Total$141,000,000$50,880,608$8,445,898$81,673,493

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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.