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Massachusetts Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$841,696$215,191$1,334,129
2$2,486,657$877,083$223,799$1,385,775
3$2,586,123$913,886$232,751$1,439,486
4$2,689,568$952,160$242,061$1,495,347
5$2,797,151$991,966$251,744$1,553,441
6$2,909,037$1,033,364$261,813$1,613,860
7$3,025,398$1,076,418$272,286$1,676,695
8$3,146,414$1,121,194$283,177$1,742,043
9$3,272,271$1,167,760$294,504$1,810,006
10$3,403,162$1,216,190$306,285$1,880,687
11$3,539,288$1,266,557$318,536$1,954,195
12$3,680,860$1,318,938$331,277$2,030,644
13$3,828,094$1,373,415$344,528$2,110,151
14$3,981,218$1,430,071$358,310$2,192,837
15$4,140,467$1,488,993$372,642$2,278,832
16$4,306,085$1,550,272$387,548$2,368,266
17$4,478,329$1,614,002$403,050$2,461,277
18$4,657,462$1,680,281$419,172$2,558,009
19$4,843,760$1,749,212$435,938$2,658,610
20$5,037,511$1,820,899$453,376$2,763,236
21$5,239,011$1,895,454$471,511$2,872,046
22$5,448,572$1,972,992$490,371$2,985,208
23$5,666,514$2,053,631$509,986$3,102,898
24$5,893,175$2,137,495$530,386$3,225,294
25$6,128,902$2,224,714$551,601$3,352,587
26$6,374,058$2,315,422$573,665$3,484,971
27$6,629,020$2,409,758$596,612$3,622,651
28$6,894,181$2,507,867$620,476$3,765,838
29$7,169,948$2,609,901$645,295$3,914,752
30$7,456,746$2,716,016$671,107$4,069,623
Total$134,100,000$48,327,607$12,068,998$73,703,394

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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.