USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 11, 1992

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The tax information provided here is based on 2026 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 Powerball 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 $17,900,000 for a ticket purchased in Massachusetts, 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:

Massachusetts

Drawing Date:Wed, Nov 11, 1992
Jackpot:$17,900,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$319,159$80,475$28,724$209,960
2$331,925$84,943$29,873$217,109
3$345,202$89,590$31,068$224,544
4$359,010$94,423$32,311$232,276
5$373,371$99,449$33,603$240,318
6$388,305$104,676$34,947$248,682
7$403,838$110,112$36,345$257,380
8$419,991$115,766$37,799$266,426
9$436,791$121,646$39,311$275,834
10$454,262$127,761$40,884$285,618
11$472,433$134,121$42,519$295,793
12$491,330$140,735$44,220$306,376
13$510,983$147,613$45,989$317,381
14$531,423$154,767$47,828$328,828
15$552,680$162,207$49,741$340,731
16$574,787$169,945$51,731$353,111
17$597,778$177,992$53,800$365,987
18$621,690$186,361$55,952$379,377
19$646,557$195,183$58,190$393,184
20$672,419$204,752$60,518$407,149
21$699,316$214,704$62,938$421,673
22$727,289$225,054$65,456$436,779
23$756,380$235,818$68,074$452,488
24$786,636$247,012$70,797$468,826
25$818,101$258,655$73,629$485,817
26$850,825$270,763$76,574$503,488
27$884,858$283,355$79,637$521,866
28$920,252$296,451$82,823$540,979
29$957,062$310,070$86,136$560,856
30$995,345$324,235$89,581$581,529
Total$17,900,000$5,368,634$1,610,998$10,920,365

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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.