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Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 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 $183,000,000 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 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$164,989$1,612,103
2$2,892,133$1,028,277$173,239$1,690,617
3$3,036,740$1,081,782$181,901$1,773,058
4$3,188,577$1,137,961$190,996$1,859,620
5$3,348,006$1,196,950$200,546$1,950,510
6$3,515,406$1,258,888$210,573$2,045,945
7$3,691,176$1,323,923$221,101$2,146,152
8$3,875,735$1,392,210$232,157$2,251,369
9$4,069,522$1,463,911$243,764$2,361,847
10$4,272,998$1,539,197$255,953$2,477,848
11$4,486,648$1,618,247$268,750$2,599,650
12$4,710,980$1,701,250$282,188$2,727,542
13$4,946,529$1,788,404$296,297$2,861,829
14$5,193,856$1,879,914$311,112$3,002,829
15$5,453,549$1,976,001$326,668$3,150,880
16$5,726,226$2,076,891$343,001$3,306,334
17$6,012,537$2,182,827$360,151$3,469,560
18$6,313,164$2,294,059$378,159$3,640,947
19$6,628,822$2,410,852$397,066$3,820,904
20$6,960,264$2,533,485$416,920$4,009,858
21$7,308,277$2,662,250$437,766$4,208,261
22$7,673,691$2,797,453$459,654$4,416,583
23$8,057,375$2,939,417$482,637$4,635,322
24$8,460,244$3,088,478$506,769$4,864,997
25$8,883,256$3,244,992$532,107$5,106,156
26$9,327,419$3,409,333$558,712$5,359,374
27$9,793,790$3,581,890$586,648$5,625,252
28$10,283,479$3,763,075$615,980$5,904,424
29$10,797,653$3,953,319$646,779$6,197,554
30$11,337,536$4,153,076$679,118$6,505,341
Total$183,000,000$66,455,632$10,961,701$105,582,666

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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.