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Massachusetts Powerball Jackpot Annuity Payout Schedule for May 18, 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 $98,900,000 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 18, 2011
Jackpot:$98,900,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,763,397$610,645$158,706$994,047
2$1,833,933$636,743$165,054$1,032,136
3$1,907,290$663,885$171,656$1,071,749
4$1,983,582$692,113$178,522$1,112,946
5$2,062,925$721,470$185,663$1,155,792
6$2,145,442$752,001$193,090$1,200,351
7$2,231,260$783,754$200,813$1,246,692
8$2,320,510$816,776$208,846$1,294,888
9$2,413,330$851,120$217,200$1,345,011
10$2,509,864$886,837$225,888$1,397,139
11$2,610,258$923,983$234,923$1,451,352
12$2,714,668$962,615$244,320$1,507,733
13$2,823,255$1,002,792$254,093$1,566,370
14$2,936,185$1,044,576$264,257$1,627,352
15$3,053,633$1,088,032$274,827$1,690,774
16$3,175,778$1,133,226$285,820$1,756,732
17$3,302,809$1,180,227$297,253$1,825,329
18$3,434,922$1,229,109$309,143$1,896,670
19$3,572,318$1,279,946$321,509$1,970,864
20$3,715,211$1,332,816$334,369$2,048,026
21$3,863,820$1,387,801$347,744$2,128,275
22$4,018,372$1,444,986$361,654$2,211,733
23$4,179,107$1,504,457$376,120$2,298,530
24$4,346,272$1,566,308$391,164$2,388,799
25$4,520,122$1,630,633$406,811$2,482,678
26$4,700,927$1,697,531$423,083$2,580,313
27$4,888,964$1,767,105$440,007$2,681,853
28$5,084,523$1,839,461$457,607$2,787,455
29$5,287,904$1,914,712$475,911$2,897,280
30$5,499,420$1,992,973$494,948$3,011,499
Total$98,900,000$35,338,633$8,901,001$54,660,368

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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.