USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for May 25, 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 $144,200,000 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 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$909,495$231,399$1,430,206
2$2,673,944$947,547$240,655$1,485,742
3$2,780,902$987,122$250,281$1,543,499
4$2,892,138$1,028,279$260,292$1,603,567
5$3,007,824$1,071,083$270,704$1,666,037
6$3,128,137$1,115,598$281,532$1,731,006
7$3,253,262$1,161,895$292,794$1,798,574
8$3,383,393$1,210,043$304,505$1,868,844
9$3,518,728$1,260,117$316,686$1,941,926
10$3,659,477$1,312,194$329,353$2,017,930
11$3,805,857$1,366,355$342,527$2,096,975
12$3,958,091$1,422,681$356,228$2,179,181
13$4,116,414$1,481,261$370,477$2,264,676
14$4,281,071$1,542,184$385,296$2,353,591
15$4,452,314$1,605,544$400,708$2,446,062
16$4,630,406$1,671,438$416,737$2,542,232
17$4,815,623$1,739,968$433,406$2,642,248
18$5,008,248$1,811,239$450,742$2,746,266
19$5,208,577$1,885,361$468,772$2,854,444
20$5,416,921$1,962,448$487,523$2,966,949
21$5,633,597$2,042,619$507,024$3,083,955
22$5,858,941$2,125,996$527,305$3,205,641
23$6,093,299$2,212,708$548,397$3,332,194
24$6,337,031$2,302,889$570,333$3,463,809
25$6,590,512$2,396,677$593,146$3,600,689
26$6,854,133$2,494,217$616,872$3,743,044
27$7,128,298$2,595,658$641,547$3,891,093
28$7,413,430$2,701,157$667,209$4,045,064
29$7,709,967$2,810,876$693,897$4,205,194
30$8,018,366$2,924,983$721,653$4,371,730
Total$144,200,000$52,099,632$12,978,000$79,122,368

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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.