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Massachusetts Powerball Jackpot Annuity Payout Schedule for Jun 20, 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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$128,377$812,073
2$1,483,464$507,070$133,512$842,883
3$1,542,803$529,025$138,852$874,926
4$1,604,515$551,858$144,406$908,250
5$1,668,696$575,605$150,183$942,908
6$1,735,443$600,302$156,190$978,952
7$1,804,861$625,986$162,437$1,016,437
8$1,877,056$652,698$168,935$1,055,422
9$1,952,138$680,479$175,692$1,095,967
10$2,030,223$709,370$182,720$1,138,133
11$2,111,432$739,418$190,029$1,181,986
12$2,195,889$770,667$197,630$1,227,593
13$2,283,725$803,166$205,535$1,275,024
14$2,375,074$836,965$213,757$1,324,352
15$2,470,077$872,116$222,307$1,375,654
16$2,568,880$908,673$231,199$1,429,008
17$2,671,635$946,693$240,447$1,484,495
18$2,778,501$986,233$250,065$1,542,203
19$2,889,641$1,027,355$260,068$1,602,218
20$3,005,226$1,070,122$270,470$1,664,634
21$3,125,435$1,114,599$281,289$1,729,547
22$3,250,453$1,160,855$292,541$1,797,057
23$3,380,471$1,208,962$304,242$1,867,267
24$3,515,690$1,258,993$316,412$1,940,285
25$3,656,317$1,311,025$329,069$2,016,224
26$3,802,570$1,365,139$342,231$2,095,200
27$3,954,673$1,421,417$355,921$2,177,336
28$4,112,860$1,479,946$370,157$2,262,757
29$4,277,374$1,540,816$384,964$2,351,594
30$4,448,469$1,604,121$400,362$2,443,986
Total$80,000,000$28,345,633$7,199,999$44,454,371

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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.