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Massachusetts Powerball Jackpot Annuity Payout Schedule for Oct 12, 2011

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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 $87,200,000 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, Oct 12, 2011
Jackpot:$87,200,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,554,785$533,458$139,931$881,396
2$1,616,976$556,469$145,528$914,979
3$1,681,655$580,400$151,349$949,906
4$1,748,921$605,289$157,403$986,230
5$1,818,878$631,173$163,699$1,024,006
6$1,891,633$658,092$170,247$1,063,294
7$1,967,299$686,088$177,057$1,104,153
8$2,045,991$715,204$184,139$1,146,647
9$2,127,830$745,485$191,505$1,190,841
10$2,212,943$776,977$199,165$1,236,802
11$2,301,461$809,728$207,131$1,284,601
12$2,393,520$843,790$215,417$1,334,313
13$2,489,260$879,214$224,033$1,386,013
14$2,588,831$916,055$232,995$1,439,781
15$2,692,384$954,370$242,315$1,495,700
16$2,800,079$994,217$252,007$1,553,855
17$2,912,082$1,035,658$262,087$1,614,337
18$3,028,566$1,078,757$272,571$1,677,238
19$3,149,708$1,123,580$283,474$1,742,655
20$3,275,697$1,170,196$294,813$1,810,688
21$3,406,725$1,218,676$306,605$1,881,444
22$3,542,994$1,269,095$318,869$1,955,029
23$3,684,713$1,321,532$331,624$2,031,557
24$3,832,102$1,376,065$344,889$2,111,147
25$3,985,386$1,432,781$358,685$2,193,921
26$4,144,801$1,491,764$373,032$2,280,005
27$4,310,593$1,553,107$387,953$2,369,533
28$4,483,017$1,616,904$403,472$2,462,642
29$4,662,338$1,683,253$419,610$2,559,475
30$4,848,831$1,752,255$436,395$2,660,181
Total$87,200,000$31,009,632$7,848,000$48,342,369

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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.