USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Aug 7, 2002

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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 $22,100,000 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:Wed, Aug 7, 2002
Jackpot:$22,100,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$394,045$107,463$35,464$251,118
2$409,807$112,980$36,883$259,945
3$426,199$118,717$38,358$269,124
4$443,247$124,684$39,892$278,671
5$460,977$130,889$41,488$288,600
6$479,416$137,343$43,147$298,926
7$498,593$144,055$44,873$309,665
8$518,537$151,035$46,668$320,833
9$539,278$158,295$48,535$332,448
10$560,849$165,844$50,476$344,528
11$583,283$173,696$52,495$357,091
12$606,614$181,862$54,595$370,157
13$630,879$190,445$56,779$383,654
14$656,114$199,783$59,050$397,281
15$682,359$209,493$61,412$411,453
16$709,653$219,592$63,869$426,192
17$738,039$230,095$66,424$441,521
18$767,561$241,018$69,080$457,463
19$798,263$252,378$71,844$474,042
20$830,194$264,192$74,717$491,284
21$863,402$276,479$77,706$509,217
22$897,938$289,257$80,814$527,866
23$933,855$302,547$84,047$547,262
24$971,209$316,368$87,409$567,433
25$1,010,058$330,742$90,905$588,411
26$1,050,460$345,690$94,541$610,228
27$1,092,478$361,237$98,323$632,918
28$1,136,178$377,406$102,256$656,516
29$1,181,625$394,221$106,346$681,057
30$1,228,890$411,709$110,600$706,580
Total$22,100,000$6,919,515$1,988,996$13,191,484

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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.