USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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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 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 $35,100,000 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:Sat, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$188,590$56,325$380,921
2$650,870$197,842$58,578$394,450
3$676,905$207,475$60,921$408,508
4$703,981$217,493$63,358$423,129
5$732,140$227,912$65,893$438,335
6$761,426$238,748$68,528$454,150
7$791,883$250,017$71,269$470,596
8$823,558$261,737$74,120$487,701
9$856,500$273,925$77,085$505,490
10$890,760$286,602$80,168$523,990
11$926,391$299,785$83,375$543,231
12$963,447$313,495$86,710$563,241
13$1,001,984$327,754$90,179$584,051
14$1,042,064$342,584$93,786$605,694
15$1,083,746$358,006$97,537$628,203
16$1,127,096$374,046$101,439$651,612
17$1,172,180$390,727$105,496$675,957
18$1,219,067$408,075$109,716$701,276
19$1,267,830$426,117$114,105$727,608
20$1,318,543$444,881$118,669$754,993
21$1,371,285$464,396$123,416$783,474
22$1,426,136$484,691$128,352$813,093
23$1,483,182$505,797$133,486$843,898
24$1,542,509$527,749$138,826$875,935
25$1,604,209$550,578$144,379$909,253
26$1,668,378$574,320$150,154$943,904
27$1,735,113$599,012$156,160$979,941
28$1,804,517$624,692$162,407$1,017,419
29$1,876,698$651,398$168,903$1,056,397
30$1,951,766$679,174$175,659$1,096,933
Total$35,100,000$11,697,618$3,158,999$20,243,383

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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.