USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Aug 13, 2005

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $10,000,000 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, Aug 13, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$178,301$35,835$16,047$126,419
2$185,433$37,546$16,689$131,198
3$192,850$39,399$17,357$136,095
4$200,564$41,867$18,051$140,646
5$208,587$44,434$18,773$145,380
6$216,930$47,104$19,524$150,302
7$225,608$49,881$20,305$155,422
8$234,632$52,769$21,117$160,746
9$244,017$55,781$21,962$166,275
10$253,778$59,197$22,840$171,741
11$263,929$62,750$23,754$177,426
12$274,486$66,445$24,704$183,338
13$285,466$70,288$25,692$189,486
14$296,884$74,284$26,720$195,880
15$308,760$78,441$27,788$202,531
16$321,110$82,763$28,900$209,447
17$333,954$87,259$30,056$216,640
18$347,313$91,934$31,258$224,120
19$361,205$96,797$32,508$231,900
20$375,653$101,853$33,809$239,991
21$390,679$107,113$35,161$248,406
22$406,307$112,582$36,568$257,157
23$422,559$118,270$38,030$266,258
24$439,461$124,186$39,552$275,724
25$457,040$130,339$41,134$285,567
26$475,321$136,737$42,779$295,805
27$494,334$143,392$44,490$306,452
28$514,107$150,312$46,270$317,525
29$534,672$157,510$48,120$329,041
30$556,059$164,995$50,045$341,018
Total$10,000,000$2,622,063$900,003$6,477,936

◄ Back to Jackpot Analysis

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.