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Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 16, 2022

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The tax information provided here is based on 2024 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 $76,000,000 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, Nov 16, 2022
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$381,434$102,952$659,523
2$1,201,105$402,596$108,099$690,409
3$1,261,160$424,817$113,504$722,839
4$1,324,218$448,148$119,180$756,890
5$1,390,429$472,646$125,139$792,644
6$1,459,950$498,369$131,396$830,185
7$1,532,948$525,378$137,965$869,604
8$1,609,595$553,738$144,864$910,994
9$1,690,075$583,515$152,107$954,453
10$1,774,578$614,782$159,712$1,000,085
11$1,863,307$647,611$167,698$1,047,998
12$1,956,473$682,083$176,083$1,098,308
13$2,054,296$718,277$184,887$1,151,132
14$2,157,011$756,282$194,131$1,206,598
15$2,264,862$796,187$203,838$1,264,838
16$2,378,105$838,087$214,029$1,325,989
17$2,497,010$882,081$224,731$1,390,198
18$2,621,861$928,276$235,967$1,457,617
19$2,752,954$976,781$247,766$1,528,407
20$2,890,601$1,027,710$260,154$1,602,737
21$3,035,131$1,081,186$273,162$1,680,783
22$3,186,888$1,137,336$286,820$1,762,732
23$3,346,232$1,196,294$301,161$1,848,778
24$3,513,544$1,258,199$316,219$1,939,126
25$3,689,221$1,323,200$332,030$2,033,992
26$3,873,682$1,391,450$348,631$2,133,601
27$4,067,366$1,463,113$366,063$2,238,190
28$4,270,735$1,538,360$384,366$2,348,009
29$4,484,271$1,617,368$403,584$2,463,319
30$4,708,485$1,700,327$423,764$2,584,394
Total$76,000,000$26,865,631$6,840,002$42,294,372

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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.