USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Massachusetts

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$606,603$3,676,663
2$7,077,034$2,581,458$636,933$3,858,644
3$7,430,886$2,712,383$668,780$4,049,723
4$7,802,430$2,849,854$702,219$4,250,357
5$8,192,552$2,994,199$737,330$4,461,023
6$8,602,179$3,145,761$774,196$4,682,222
7$9,032,289$3,304,902$812,906$4,914,481
8$9,483,903$3,471,999$853,551$5,158,353
9$9,958,098$3,647,451$896,229$5,414,418
10$10,456,003$3,831,676$941,040$5,683,287
11$10,978,803$4,025,112$988,092$5,965,599
12$11,527,743$4,228,220$1,037,497$6,262,026
13$12,104,130$4,441,483$1,089,372$6,573,275
14$12,709,337$4,665,410$1,143,840$6,900,087
15$13,344,804$4,900,532$1,201,032$7,243,239
16$14,012,044$5,147,411$1,261,084$7,603,549
17$14,712,646$5,406,634$1,324,138$7,981,874
18$15,448,278$5,678,818$1,390,345$8,379,115
19$16,220,692$5,964,611$1,459,862$8,796,219
20$17,031,727$6,264,694$1,532,855$9,234,177
21$17,883,313$6,579,781$1,609,498$9,694,034
22$18,777,479$6,910,622$1,689,973$10,176,884
23$19,716,353$7,258,006$1,774,472$10,683,876
24$20,702,170$7,622,758$1,863,195$11,216,217
25$21,737,279$8,005,748$1,956,355$11,775,175
26$22,824,143$8,407,888$2,054,173$12,362,082
27$23,965,350$8,830,135$2,156,882$12,978,334
28$25,163,617$9,273,493$2,264,726$13,625,398
29$26,421,798$9,739,020$2,377,962$14,304,816
30$27,742,888$10,227,824$2,496,860$15,018,205
Total$447,800,001$164,574,650$40,302,000$242,923,352

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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.