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Massachusetts Powerball Jackpot Annuity Payout Schedule for Sep 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 $77,300,000 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, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$124,044$787,244
2$1,433,397$487,377$129,006$817,014
3$1,490,733$508,592$134,166$847,976
4$1,550,363$530,654$139,533$880,176
5$1,612,377$553,600$145,114$913,663
6$1,676,872$577,463$150,918$948,491
7$1,743,947$602,281$156,955$984,711
8$1,813,705$628,091$163,233$1,022,380
9$1,886,253$654,934$169,763$1,061,556
10$1,961,703$682,850$176,553$1,102,299
11$2,040,171$711,884$183,615$1,144,672
12$2,121,778$742,078$190,960$1,188,740
13$2,206,649$773,481$198,598$1,234,570
14$2,294,915$806,139$206,542$1,282,234
15$2,386,712$840,104$214,804$1,331,804
16$2,482,180$875,427$223,396$1,383,357
17$2,581,468$912,163$232,332$1,436,972
18$2,684,726$950,369$241,625$1,492,732
19$2,792,115$990,103$251,290$1,550,722
20$2,903,800$1,031,426$261,342$1,611,032
21$3,019,952$1,074,402$271,796$1,673,754
22$3,140,750$1,119,098$282,668$1,738,985
23$3,266,380$1,165,581$293,974$1,806,825
24$3,397,035$1,213,923$305,733$1,877,379
25$3,532,917$1,264,199$317,963$1,950,755
26$3,674,233$1,316,487$330,681$2,027,066
27$3,821,203$1,370,865$343,908$2,106,429
28$3,974,051$1,427,419$357,665$2,188,967
29$4,133,013$1,486,235$371,971$2,274,807
30$4,298,333$1,547,404$386,850$2,364,080
Total$77,300,000$27,311,608$6,956,998$43,031,392

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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.