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Massachusetts Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$377,428$2,306,377
2$4,361,385$1,571,900$392,525$2,396,960
3$4,535,840$1,636,449$408,226$2,491,166
4$4,717,274$1,703,579$424,555$2,589,140
5$4,905,965$1,773,395$441,537$2,691,033
6$5,102,203$1,846,003$459,198$2,797,002
7$5,306,292$1,921,516$477,566$2,907,210
8$5,518,543$2,000,049$496,669$3,021,826
9$5,739,285$2,081,723$516,536$3,141,026
10$5,968,856$2,166,665$537,197$3,264,995
11$6,207,611$2,255,004$558,685$3,393,922
12$6,455,915$2,346,876$581,032$3,528,006
13$6,714,152$2,442,424$604,274$3,667,454
14$6,982,718$2,541,793$628,445$3,812,480
15$7,262,026$2,645,138$653,582$3,963,307
16$7,552,507$2,752,616$679,726$4,120,166
17$7,854,608$2,864,393$706,915$4,283,300
18$8,168,792$2,980,641$735,191$4,452,960
19$8,495,544$3,101,539$764,599$4,629,406
20$8,835,366$3,227,273$795,183$4,812,910
21$9,188,780$3,358,036$826,990$5,003,754
22$9,556,331$3,494,030$860,070$5,202,231
23$9,938,585$3,635,464$894,473$5,408,648
24$10,336,128$3,782,555$930,252$5,623,321
25$10,749,573$3,935,530$967,462$5,846,582
26$11,179,556$4,094,623$1,006,160$6,078,773
27$11,626,738$4,260,081$1,046,406$6,320,251
28$12,091,808$4,432,157$1,088,263$6,571,388
29$12,575,480$4,611,115$1,131,793$6,832,572
30$13,078,499$4,797,233$1,177,065$7,104,202
Total$235,200,000$85,769,634$21,168,003$128,262,368

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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.