USA Mega

Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Oct 4, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $108,000,000 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, Oct 4, 2024
Jackpot:$108,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,625,555$559,643$97,371$968,541
2$1,706,833$589,716$102,239$1,014,878
3$1,792,174$621,292$107,351$1,063,531
4$1,881,783$654,448$112,719$1,114,617
5$1,975,872$689,260$118,355$1,168,257
6$2,074,666$725,814$124,272$1,224,579
7$2,178,399$764,195$130,486$1,283,718
8$2,287,319$804,496$137,010$1,345,813
9$2,401,685$846,811$143,861$1,411,013
10$2,521,769$891,242$151,054$1,479,473
11$2,647,858$937,895$158,607$1,551,356
12$2,780,251$986,881$166,537$1,626,833
13$2,919,263$1,038,315$174,864$1,706,084
14$3,065,226$1,092,322$183,607$1,789,298
15$3,218,488$1,149,028$192,787$1,876,672
16$3,379,412$1,208,570$202,427$1,968,415
17$3,548,383$1,271,089$212,548$2,064,745
18$3,725,802$1,336,734$223,176$2,165,892
19$3,912,092$1,405,662$234,334$2,272,096
20$4,107,697$1,478,035$246,051$2,383,610
21$4,313,081$1,554,028$258,354$2,500,700
22$4,528,735$1,633,820$271,271$2,623,644
23$4,755,172$1,717,601$284,835$2,752,736
24$4,992,931$1,805,572$299,077$2,888,282
25$5,242,577$1,897,941$314,030$3,030,606
26$5,504,706$1,994,929$329,732$3,180,045
27$5,779,942$2,096,766$346,218$3,336,957
28$6,068,939$2,203,695$363,529$3,501,714
29$6,372,385$2,315,970$381,706$3,674,709
30$6,691,005$2,433,860$400,791$3,856,354
Total$108,000,000$38,705,630$6,469,199$62,825,168

◄ Back to Jackpot Analysis

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.