USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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The tax information provided here is based on 2025 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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$80,235$524,392
2$927,165$300,071$83,445$543,649
3$964,252$313,793$86,783$563,676
4$1,002,822$328,064$90,254$584,504
5$1,042,935$342,906$93,864$606,164
6$1,084,652$358,342$97,619$628,692
7$1,128,038$374,394$101,523$652,120
8$1,173,160$391,089$105,584$676,486
9$1,220,086$408,452$109,808$701,826
10$1,268,890$426,509$114,200$728,180
11$1,319,645$445,289$118,768$755,588
12$1,372,431$464,820$123,519$784,092
13$1,427,328$485,132$128,460$813,737
14$1,484,421$506,256$133,598$844,567
15$1,543,798$528,226$138,942$876,631
16$1,605,550$551,074$144,500$909,977
17$1,669,772$574,836$150,279$944,657
18$1,736,563$599,549$156,291$980,724
19$1,806,025$625,250$162,542$1,018,234
20$1,878,266$651,979$169,044$1,057,244
21$1,953,397$679,777$175,806$1,097,814
22$2,031,533$708,687$182,838$1,140,008
23$2,112,794$738,754$190,151$1,183,889
24$2,197,306$770,024$197,758$1,229,525
25$2,285,198$802,544$205,668$1,276,987
26$2,376,606$836,365$213,895$1,326,347
27$2,471,671$871,538$222,450$1,377,682
28$2,570,537$908,119$231,348$1,431,070
29$2,673,359$946,163$240,602$1,486,594
30$2,780,293$985,729$250,226$1,544,338
Total$50,000,000$17,210,608$4,500,000$28,289,394

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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.