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Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 20, 2021

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The tax information provided here is based on 2026 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 $206,200,000 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, Nov 20, 2021
Jackpot:$206,200,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,103,606$1,104,291$279,325$1,719,990
2$3,258,786$1,161,708$293,291$1,803,787
3$3,421,725$1,221,996$307,955$1,891,775
4$3,592,812$1,285,298$323,353$1,984,161
5$3,772,452$1,351,765$339,521$2,081,167
6$3,961,075$1,421,555$356,497$2,183,023
7$4,159,129$1,494,835$374,322$2,289,972
8$4,367,085$1,571,779$393,038$2,402,269
9$4,585,440$1,652,570$412,690$2,520,180
10$4,814,711$1,737,400$433,324$2,643,987
11$5,055,447$1,826,473$454,990$2,773,984
12$5,308,219$1,919,998$477,740$2,910,481
13$5,573,630$2,018,200$501,627$3,053,803
14$5,852,312$2,121,313$526,708$3,204,291
15$6,144,927$2,229,580$553,043$3,362,304
16$6,452,174$2,343,262$580,696$3,528,217
17$6,774,782$2,462,627$609,730$3,702,425
18$7,113,522$2,587,960$640,217$3,885,344
19$7,469,198$2,719,560$672,228$4,077,409
20$7,842,658$2,857,741$705,839$4,279,078
21$8,234,790$3,002,830$741,131$4,490,830
22$8,646,530$3,155,173$778,188$4,713,169
23$9,078,857$3,315,134$817,097$4,946,625
24$9,532,799$3,483,093$857,952$5,191,754
25$10,009,439$3,659,450$900,850$5,449,140
26$10,509,911$3,844,624$945,892$5,719,395
27$11,035,407$4,039,058$993,187$6,003,162
28$11,587,177$4,243,213$1,042,846$6,301,118
29$12,166,536$4,457,576$1,094,988$6,613,972
30$12,774,863$4,682,656$1,149,738$6,942,469
Total$206,200,000$74,972,718$18,558,003$112,669,281

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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.