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Massachusetts Powerball Jackpot Annuity Payout Schedule for Mar 13, 2010

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The tax information provided here is based on 2026 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 $211,700,000 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, Mar 13, 2010
Jackpot:$211,700,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,774,632$1,352,571$339,717$2,082,344
2$3,925,617$1,408,436$353,306$2,163,876
3$4,082,642$1,466,535$367,438$2,248,669
4$4,245,948$1,526,958$382,135$2,336,854
5$4,415,786$1,589,798$397,421$2,428,567
6$4,592,417$1,655,152$413,318$2,523,948
7$4,776,114$1,723,119$429,850$2,623,144
8$4,967,158$1,793,806$447,044$2,726,308
9$5,165,845$1,867,320$464,926$2,833,599
10$5,372,478$1,943,774$483,523$2,945,181
11$5,587,377$2,023,287$502,864$3,061,227
12$5,810,873$2,105,980$522,979$3,181,914
13$6,043,307$2,191,981$543,898$3,307,429
14$6,285,040$2,281,422$565,654$3,437,964
15$6,536,441$2,374,441$588,280$3,573,721
16$6,797,899$2,471,180$611,811$3,714,908
17$7,069,815$2,571,789$636,283$3,861,743
18$7,352,608$2,676,422$661,735$4,014,451
19$7,646,712$2,785,241$688,204$4,173,267
20$7,952,580$2,898,412$715,732$4,338,436
21$8,270,684$3,016,110$744,362$4,510,212
22$8,601,511$3,138,516$774,136$4,688,859
23$8,945,571$3,265,819$805,101$4,874,651
24$9,303,394$3,398,213$837,305$5,067,876
25$9,675,530$3,535,903$870,798$5,268,829
26$10,062,551$3,679,101$905,630$5,477,820
27$10,465,053$3,828,027$941,855$5,695,171
28$10,883,655$3,982,910$979,529$5,921,217
29$11,319,001$4,143,988$1,018,710$6,156,304
30$11,771,762$4,311,509$1,059,459$6,400,794
Total$211,700,000$77,007,720$19,053,003$115,639,283

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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.