USA Mega

Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 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 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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,397,963$880,845$8,426,444
2$15,440,515$5,670,011$924,887$8,845,617
3$16,212,540$5,955,660$971,131$9,285,749
4$17,023,168$6,255,592$1,019,688$9,747,888
5$17,874,325$6,570,521$1,070,672$10,233,133
6$18,768,042$6,901,196$1,124,206$10,742,641
7$19,706,445$7,248,405$1,180,416$11,277,624
8$20,691,767$7,612,974$1,239,437$11,839,356
9$21,726,355$7,995,772$1,301,409$12,429,175
10$22,812,673$8,397,709$1,366,479$13,048,484
11$23,953,306$8,819,744$1,434,803$13,698,760
12$25,150,972$9,262,880$1,506,543$14,381,549
13$26,408,520$9,728,173$1,581,870$15,098,477
14$27,728,946$10,216,730$1,660,964$15,851,252
15$29,115,393$10,729,716$1,744,012$16,641,665
16$30,571,163$11,268,351$1,831,213$17,471,600
17$32,099,721$11,833,917$1,922,773$18,343,031
18$33,704,707$12,427,762$2,018,912$19,258,033
19$35,389,942$13,051,299$2,119,858$20,218,786
20$37,159,440$13,706,013$2,225,850$21,227,576
21$39,017,411$14,393,462$2,337,143$22,286,806
22$40,968,282$15,115,285$2,454,000$23,398,997
23$43,016,696$15,873,198$2,576,700$24,566,798
24$45,167,531$16,669,007$2,705,535$25,792,989
25$47,425,907$17,504,606$2,840,812$27,080,489
26$49,797,203$18,381,986$2,982,852$28,432,365
27$52,287,064$19,303,234$3,131,995$29,851,835
28$54,901,416$20,270,544$3,288,595$31,342,277
29$57,646,487$21,286,220$3,453,025$32,907,242
30$60,528,812$22,352,681$3,625,676$34,550,455
Total$977,000,002$360,200,611$58,522,301$558,277,093

◄ 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.