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Massachusetts Powerball Jackpot Annuity Payout Schedule for Jun 2, 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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$254,828$1,570,779
2$2,944,677$1,047,718$265,021$1,631,938
3$3,062,464$1,091,299$275,622$1,695,543
4$3,184,962$1,136,624$286,647$1,761,692
5$3,312,361$1,183,761$298,112$1,830,487
6$3,444,855$1,232,784$310,037$1,902,034
7$3,582,649$1,283,768$322,438$1,976,443
8$3,725,955$1,336,791$335,336$2,053,828
9$3,874,993$1,391,935$348,749$2,134,309
10$4,029,993$1,449,285$362,699$2,218,009
11$4,191,193$1,508,929$377,207$2,305,056
12$4,358,841$1,570,959$392,296$2,395,586
13$4,533,194$1,635,470$407,987$2,489,737
14$4,714,522$1,702,561$424,307$2,587,654
15$4,903,103$1,772,336$441,279$2,689,488
16$5,099,227$1,844,902$458,930$2,795,395
17$5,303,196$1,920,370$477,288$2,905,538
18$5,515,324$1,998,858$496,379$3,020,087
19$5,735,937$2,080,484$516,234$3,139,218
20$5,965,374$2,165,376$536,884$3,263,114
21$6,203,989$2,253,664$558,359$3,391,966
22$6,452,149$2,345,483$580,693$3,525,973
23$6,710,235$2,440,975$603,921$3,665,339
24$6,978,644$2,540,286$628,078$3,810,280
25$7,257,790$2,643,570$653,201$3,961,019
26$7,548,102$2,750,985$679,329$4,117,787
27$7,850,026$2,862,697$706,502$4,280,826
28$8,164,027$2,978,878$734,762$4,450,387
29$8,490,588$3,099,705$764,153$4,626,730
30$8,830,211$3,225,366$794,719$4,810,126
Total$158,800,000$57,501,632$14,291,997$87,006,368

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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.