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Massachusetts Powerball Jackpot Annuity Payout Schedule for Dec 17, 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 $89,700,000 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, Dec 17, 2011
Jackpot:$89,700,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,599,360$549,951$143,942$905,467
2$1,663,334$573,621$149,700$940,013
3$1,729,868$598,239$155,688$975,941
4$1,799,062$623,841$161,916$1,013,306
5$1,871,025$650,467$168,392$1,052,166
6$1,945,866$678,158$175,128$1,092,580
7$2,023,700$706,957$182,133$1,134,611
8$2,104,649$736,908$189,418$1,178,322
9$2,188,834$768,056$196,995$1,223,783
10$2,276,388$800,451$204,875$1,271,062
11$2,367,443$834,142$213,070$1,320,232
12$2,462,141$869,180$221,593$1,371,368
13$2,560,627$905,620$230,456$1,424,551
14$2,663,052$943,517$239,675$1,479,860
15$2,769,574$982,930$249,262$1,537,382
16$2,880,357$1,023,920$259,232$1,597,205
17$2,995,571$1,066,549$269,601$1,659,421
18$3,115,394$1,110,884$280,385$1,724,125
19$3,240,010$1,156,991$291,601$1,791,417
20$3,369,610$1,204,943$303,265$1,861,402
21$3,504,394$1,254,814$315,396$1,934,185
22$3,644,570$1,306,679$328,011$2,009,880
23$3,790,353$1,360,618$341,132$2,088,603
24$3,941,967$1,416,716$354,777$2,170,475
25$4,099,646$1,475,057$368,968$2,255,621
26$4,263,632$1,535,731$383,727$2,344,173
27$4,434,177$1,598,833$399,076$2,436,268
28$4,611,544$1,664,459$415,039$2,532,046
29$4,796,006$1,732,710$431,641$2,631,655
30$4,987,846$1,803,691$448,906$2,735,249
Total$89,700,000$31,934,633$8,073,000$49,692,369

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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.