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Massachusetts Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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 money, as well as deductions claimed.

State:

Massachusetts

Drawing Date:Sat, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,545,506$629,632$3,820,770
2$7,345,702$2,674,930$661,113$4,009,659
3$7,712,987$2,810,826$694,169$4,207,993
4$8,098,637$2,953,516$728,877$4,416,244
5$8,503,569$3,103,341$765,321$4,634,907
6$8,928,747$3,260,657$803,587$4,864,503
7$9,375,185$3,425,839$843,767$5,105,580
8$9,843,944$3,599,279$885,955$5,358,709
9$10,336,141$3,781,392$930,253$5,624,496
10$10,852,948$3,972,611$976,765$5,903,572
11$11,395,595$4,173,391$1,025,604$6,196,601
12$11,965,375$4,384,209$1,076,884$6,504,282
13$12,563,644$4,605,569$1,130,728$6,827,347
14$13,191,826$4,837,996$1,187,264$7,166,566
15$13,851,417$5,082,045$1,246,628$7,522,745
16$14,543,988$5,338,296$1,308,959$7,896,734
17$15,271,188$5,607,360$1,374,407$8,289,421
18$16,034,747$5,889,877$1,443,127$8,701,743
19$16,836,484$6,186,519$1,515,284$9,134,681
20$17,678,309$6,497,994$1,591,048$9,589,266
21$18,562,224$6,825,043$1,670,600$10,066,581
22$19,490,335$7,168,444$1,754,130$10,567,761
23$20,464,852$7,529,016$1,841,837$11,094,000
24$21,488,094$7,907,615$1,933,928$11,646,551
25$22,562,499$8,305,145$2,030,625$12,226,729
26$23,690,625$8,722,551$2,132,156$12,835,917
27$24,875,156$9,160,828$2,238,764$13,475,564
28$26,118,913$9,621,018$2,350,702$14,147,193
29$27,424,859$10,104,218$2,468,237$14,852,404
30$28,796,102$10,611,578$2,591,649$15,592,875
Total$464,800,001$170,686,609$41,832,000$252,281,394

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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.