USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Jul 16, 2005

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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 $31,600,000 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, Jul 16, 2005
Jackpot:$31,600,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$563,431$166,748$50,709$345,974
2$585,968$174,636$52,737$358,595
3$609,407$182,840$54,847$371,721
4$633,783$191,520$57,041$385,223
5$659,135$200,900$59,322$398,913
6$685,500$210,655$61,695$413,150
7$712,920$220,801$64,163$427,957
8$741,437$231,352$66,729$443,356
9$771,094$242,325$69,398$459,371
10$801,938$253,737$72,174$476,026
11$834,016$265,606$75,061$493,348
12$867,376$277,949$78,064$511,363
13$902,071$290,787$81,186$530,098
14$938,154$304,137$84,434$549,583
15$975,680$318,022$87,811$569,847
16$1,014,708$332,462$91,324$590,922
17$1,055,296$347,480$94,977$612,840
18$1,097,508$363,098$98,776$635,634
19$1,141,408$379,341$102,727$659,340
20$1,187,064$396,234$106,836$683,995
21$1,234,547$413,803$111,109$709,635
22$1,283,929$432,074$115,554$736,301
23$1,335,286$451,076$120,176$764,034
24$1,388,697$470,838$124,983$792,876
25$1,444,245$491,391$129,982$822,872
26$1,502,015$512,766$135,181$854,068
27$1,562,096$534,996$140,589$886,511
28$1,624,580$558,115$146,212$920,253
29$1,689,563$582,158$152,061$955,344
30$1,757,145$607,164$158,143$991,838
Total$31,600,000$10,405,011$2,844,001$18,350,988

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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.