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Massachusetts Powerball Jackpot Annuity Payout Schedule for Jul 23, 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 $93,600,000 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, Jul 23, 2011
Jackpot:$93,600,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,668,897$575,680$150,201$943,017
2$1,735,653$600,379$156,209$979,065
3$1,805,079$626,067$162,457$1,016,555
4$1,877,282$652,782$168,955$1,055,545
5$1,952,374$680,566$175,714$1,096,094
6$2,030,469$709,461$182,742$1,138,265
7$2,111,687$739,512$190,052$1,182,123
8$2,196,155$770,765$197,654$1,227,736
9$2,284,001$803,268$205,560$1,275,173
10$2,375,361$837,071$213,783$1,324,507
11$2,470,376$872,227$222,334$1,375,815
12$2,569,191$908,788$231,227$1,429,175
13$2,671,958$946,812$240,476$1,484,670
14$2,778,837$986,357$250,095$1,542,384
15$2,889,990$1,027,484$260,099$1,602,407
16$3,005,590$1,070,256$270,503$1,664,831
17$3,125,813$1,114,739$281,323$1,729,751
18$3,250,846$1,161,001$292,576$1,797,269
19$3,380,880$1,209,113$304,279$1,867,487
20$3,516,115$1,259,150$316,450$1,940,514
21$3,656,759$1,311,189$329,108$2,016,462
22$3,803,030$1,365,309$342,273$2,095,448
23$3,955,151$1,421,594$355,964$2,177,594
24$4,113,357$1,480,130$370,202$2,263,025
25$4,277,891$1,541,008$385,010$2,351,874
26$4,449,007$1,604,320$400,411$2,444,276
27$4,626,967$1,670,166$416,427$2,540,375
28$4,812,046$1,738,645$433,084$2,640,317
29$5,004,528$1,809,863$450,408$2,744,257
30$5,204,709$1,883,930$468,424$2,852,355
Total$93,600,000$33,377,632$8,424,000$51,798,366

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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.