USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Minnesota

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

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $415,000,000 would be for a resident of Minnesota, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Minnesota

Drawing Date:  Sat, May 7, 2016
Jackpot:$415,000,000
Federal Tax:  25%
State Tax:7.25%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,246,346$1,561,586$452,860$4,231,899
2$6,558,663$1,639,666$475,503$4,443,494
3$6,886,596$1,721,649$499,278$4,665,669
4$7,230,926$1,807,731$524,242$4,898,952
5$7,592,472$1,898,118$550,454$5,143,900
6$7,972,096$1,993,024$577,977$5,401,095
7$8,370,701$2,092,675$606,876$5,671,150
8$8,789,236$2,197,309$637,220$5,954,707
9$9,228,697$2,307,174$669,081$6,252,442
10$9,690,132$2,422,533$702,535$6,565,065
11$10,174,639$2,543,660$737,661$6,893,318
12$10,683,371$2,670,843$774,544$7,237,984
13$11,217,539$2,804,385$813,272$7,599,883
14$11,778,416$2,944,604$853,935$7,979,877
15$12,367,337$3,091,834$896,632$8,378,871
16$12,985,704$3,246,426$941,464$8,797,814
17$13,634,989$3,408,747$988,537$9,237,705
18$14,316,738$3,579,185$1,037,964$9,699,590
19$15,032,575$3,758,144$1,089,862$10,184,570
20$15,784,204$3,946,051$1,144,355$10,693,798
21$16,573,414$4,143,354$1,201,573$11,228,488
22$17,402,085$4,350,521$1,261,651$11,789,913
23$18,272,189$4,568,047$1,324,734$12,379,408
24$19,185,799$4,796,450$1,390,970$12,998,379
25$20,145,089$5,036,272$1,460,519$13,648,297
26$21,152,343$5,288,086$1,533,545$14,330,713
27$22,209,960$5,552,490$1,610,222$15,047,248
28$23,320,458$5,830,115$1,690,733$15,799,610
29$24,486,481$6,121,620$1,775,270$16,589,591
30$25,710,805$6,427,701$1,864,033$17,419,071
Total$415,000,001$103,750,000$30,087,500$281,162,501
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.