USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Jan 11, 2012

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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 $54,400,000 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, Jan 11, 2012
Jackpot:$54,400,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$969,957$317,072$87,296$565,589
2$1,008,756$331,427$90,788$586,540
3$1,049,106$346,357$94,420$608,329
4$1,091,070$361,884$98,196$630,990
5$1,134,713$378,032$102,124$654,557
6$1,180,101$394,825$106,209$679,067
7$1,227,306$412,291$110,457$704,557
8$1,276,398$430,455$114,876$731,067
9$1,327,454$449,346$119,471$758,637
10$1,380,552$468,992$124,250$787,310
11$1,435,774$489,424$129,220$817,130
12$1,493,205$510,674$134,388$848,143
13$1,552,933$532,773$139,764$880,396
14$1,615,050$555,756$145,355$913,939
15$1,679,652$579,659$151,169$948,825
16$1,746,838$604,518$157,215$985,105
17$1,816,712$630,371$163,504$1,022,837
18$1,889,380$657,259$170,044$1,062,078
19$1,964,956$685,221$176,846$1,102,888
20$2,043,554$714,303$183,920$1,145,331
21$2,125,296$744,547$191,277$1,189,472
22$2,210,308$776,002$198,928$1,235,379
23$2,298,720$808,714$206,885$1,283,121
24$2,390,669$842,735$215,160$1,332,774
25$2,486,296$878,117$223,767$1,384,412
26$2,585,748$914,914$232,717$1,438,116
27$2,689,178$953,183$242,026$1,493,968
28$2,796,745$992,983$251,707$1,552,054
29$2,908,614$1,034,375$261,775$1,612,464
30$3,024,959$1,077,423$272,246$1,675,290
Total$54,400,000$18,873,632$4,896,000$30,630,365

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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.