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Massachusetts Powerball Jackpot Annuity Payout Schedule for Jan 26, 2022

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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 $91,400,000 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:Wed, Jan 26, 2022
Jackpot:$91,400,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,375,701$464,967$123,813$786,921
2$1,444,486$490,417$130,004$824,065
3$1,516,711$517,140$136,504$863,066
4$1,592,546$545,199$143,329$904,018
5$1,672,173$574,661$150,496$947,016
6$1,755,782$605,597$158,020$992,165
7$1,843,571$638,079$165,921$1,039,571
8$1,935,750$672,185$174,217$1,089,348
9$2,032,537$707,996$182,928$1,141,613
10$2,134,164$745,598$192,075$1,196,491
11$2,240,872$785,080$201,679$1,254,114
12$2,352,916$826,536$211,762$1,314,617
13$2,470,562$870,065$222,351$1,378,146
14$2,594,090$915,770$233,468$1,444,851
15$2,723,794$963,761$245,141$1,514,892
16$2,859,984$1,014,151$257,399$1,588,434
17$3,002,983$1,067,061$270,268$1,665,654
18$3,153,132$1,122,616$283,782$1,746,734
19$3,310,789$1,180,949$297,971$1,831,869
20$3,476,328$1,242,199$312,870$1,921,260
21$3,650,145$1,306,511$328,513$2,015,121
22$3,832,652$1,374,038$344,939$2,113,675
23$4,024,285$1,444,943$362,186$2,217,156
24$4,225,499$1,519,392$380,295$2,325,812
25$4,436,774$1,597,564$399,310$2,439,901
26$4,658,612$1,679,644$419,275$2,559,693
27$4,891,543$1,765,828$440,239$2,685,476
28$5,136,120$1,856,322$462,251$2,817,548
29$5,392,926$1,951,340$485,363$2,956,223
30$5,662,573$2,051,109$509,632$3,101,832
Total$91,400,000$32,496,718$8,226,001$50,677,282

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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.