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Massachusetts Powerball Jackpot Annuity Payout Schedule for May 11, 2011

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The tax information provided here is based on 2025 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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$104,627$670,742
2$1,209,023$404,359$108,812$695,852
3$1,257,384$422,252$113,165$721,967
4$1,307,680$440,862$117,691$749,127
5$1,359,987$460,215$122,399$777,373
6$1,414,386$480,343$127,295$806,748
7$1,470,962$501,276$132,387$837,299
8$1,529,800$523,046$137,682$869,072
9$1,590,992$545,687$143,189$902,116
10$1,654,632$569,234$148,917$936,481
11$1,720,817$593,723$154,874$972,221
12$1,789,650$619,191$161,068$1,009,391
13$1,861,236$645,678$167,511$1,048,047
14$1,935,685$673,224$174,212$1,088,250
15$2,013,113$701,872$181,180$1,130,061
16$2,093,637$731,666$188,427$1,173,544
17$2,177,383$762,652$195,964$1,218,766
18$2,264,478$794,877$203,803$1,265,798
19$2,355,057$828,391$211,955$1,314,711
20$2,449,259$863,246$220,433$1,365,580
21$2,547,230$899,495$229,251$1,418,484
22$2,649,119$937,194$238,421$1,473,504
23$2,755,084$976,401$247,958$1,530,725
24$2,865,287$1,017,177$257,876$1,590,235
25$2,979,899$1,059,583$268,191$1,652,125
26$3,099,095$1,103,685$278,919$1,716,491
27$3,223,058$1,149,552$290,075$1,783,431
28$3,351,981$1,197,253$301,678$1,853,049
29$3,486,060$1,246,862$313,745$1,925,452
30$3,625,502$1,298,456$326,295$2,000,751
Total$65,200,000$22,834,606$5,868,000$36,497,393

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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.