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Massachusetts Powerball Jackpot Annuity Payout Schedule for Feb 26, 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 $182,100,000 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, Feb 26, 2011
Jackpot:$182,100,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,246,861$1,159,526$292,217$1,795,117
2$3,376,735$1,207,580$303,906$1,865,249
3$3,511,805$1,257,556$316,062$1,938,187
4$3,652,277$1,309,530$328,705$2,014,042
5$3,798,368$1,363,584$341,853$2,092,931
6$3,950,303$1,419,800$355,527$2,174,976
7$4,108,315$1,478,264$369,748$2,260,302
8$4,272,648$1,539,067$384,538$2,349,042
9$4,443,554$1,602,303$399,920$2,441,331
10$4,621,296$1,668,067$415,917$2,537,312
11$4,806,148$1,736,462$432,553$2,637,132
12$4,998,393$1,807,593$449,855$2,740,945
13$5,198,329$1,881,570$467,850$2,848,910
14$5,406,262$1,958,505$486,564$2,961,194
15$5,622,513$2,038,517$506,026$3,077,969
16$5,847,413$2,121,731$526,267$3,199,415
17$6,081,310$2,208,272$547,318$3,325,720
18$6,324,562$2,298,276$569,211$3,457,076
19$6,577,545$2,391,879$591,979$3,593,686
20$6,840,647$2,489,227$615,658$3,735,761
21$7,114,272$2,590,469$640,285$3,883,519
22$7,398,843$2,695,760$665,896$4,037,188
23$7,694,797$2,805,263$692,532$4,197,003
24$8,002,589$2,919,146$720,233$4,363,210
25$8,322,692$3,037,584$749,042$4,536,066
26$8,655,600$3,160,760$779,004$4,715,836
27$9,001,824$3,288,863$810,164$4,902,797
28$9,361,897$3,422,090$842,571$5,097,237
29$9,736,373$3,560,646$876,274$5,299,454
30$10,125,828$3,704,744$911,325$5,509,759
Total$182,100,000$66,122,634$16,389,000$99,588,366

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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.