USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Sep 28, 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 $37,100,000 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, Sep 28, 2011
Jackpot:$37,100,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$661,497$202,942$59,535$399,020
2$687,957$212,732$61,916$413,309
3$715,475$222,913$64,393$428,169
4$744,094$233,502$66,968$443,623
5$773,858$244,515$69,647$459,695
6$804,812$255,968$72,433$476,411
7$837,004$267,879$75,330$493,795
8$870,485$280,267$78,344$511,874
9$905,304$293,150$81,477$530,676
10$941,516$306,549$84,736$550,231
11$979,177$320,483$88,126$570,568
12$1,018,344$334,975$91,651$591,718
13$1,059,077$350,046$95,317$613,714
14$1,101,441$365,721$99,130$636,590
15$1,145,498$382,022$103,095$660,381
16$1,191,318$398,975$107,219$685,124
17$1,238,971$416,607$111,507$710,857
18$1,288,530$434,944$115,968$737,618
19$1,340,071$454,014$120,606$765,451
20$1,393,674$473,847$125,431$794,396
21$1,449,421$494,473$130,448$824,499
22$1,507,398$515,925$135,666$855,807
23$1,567,693$538,234$141,092$888,367
24$1,630,401$561,436$146,736$922,229
25$1,695,617$585,566$152,606$957,446
26$1,763,442$610,661$158,710$994,071
27$1,833,980$636,760$165,058$1,032,161
28$1,907,339$663,903$171,660$1,071,775
29$1,983,632$692,132$178,527$1,112,974
30$2,062,978$721,489$185,668$1,155,820
Total$37,100,000$12,472,630$3,339,000$21,288,369

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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.