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Massachusetts Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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:Wed, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$466,827$123,723$784,151
2$1,429,689$487,173$128,672$813,844
3$1,486,876$508,332$133,819$844,725
4$1,546,351$530,338$139,172$876,842
5$1,608,205$553,224$144,738$910,243
6$1,672,534$577,025$150,528$944,980
7$1,739,435$601,779$156,549$981,107
8$1,809,012$627,522$162,811$1,018,679
9$1,881,373$654,296$169,324$1,057,754
10$1,956,628$682,140$176,096$1,098,391
11$2,034,893$711,098$183,140$1,140,654
12$2,116,288$741,214$190,466$1,184,608
13$2,200,940$772,536$198,085$1,230,320
14$2,288,978$805,109$206,008$1,277,860
15$2,380,537$838,986$214,248$1,327,302
16$2,475,758$874,218$222,818$1,378,722
17$2,574,789$910,860$231,731$1,432,198
18$2,677,780$948,966$241,000$1,487,813
19$2,784,891$988,598$250,640$1,545,654
20$2,896,287$1,029,814$260,666$1,605,807
21$3,012,138$1,072,679$271,092$1,668,367
22$3,132,624$1,117,259$281,936$1,733,429
23$3,257,929$1,163,621$293,214$1,801,094
24$3,388,246$1,211,839$304,942$1,871,465
25$3,523,776$1,261,985$317,140$1,944,651
26$3,664,727$1,314,137$329,825$2,020,765
27$3,811,316$1,368,375$343,018$2,099,923
28$3,963,769$1,424,782$356,739$2,182,247
29$4,122,319$1,483,446$371,009$2,267,865
30$4,287,212$1,544,456$385,849$2,356,907
Total$77,100,000$27,272,634$6,938,998$42,888,367

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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.