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Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 19, 2022

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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 $92,900,000 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, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$125,845$792,115
2$1,468,192$506,186$132,137$829,869
3$1,541,602$533,348$138,744$869,510
4$1,618,682$561,867$145,681$911,133
5$1,699,616$591,813$152,965$954,838
6$1,784,597$623,256$160,614$1,000,727
7$1,873,827$656,271$168,644$1,048,911
8$1,967,518$690,937$177,077$1,099,505
9$2,065,894$727,336$185,930$1,152,628
10$2,169,189$765,555$195,227$1,208,407
11$2,277,648$805,685$204,988$1,266,975
12$2,391,530$847,821$215,238$1,328,471
13$2,511,107$892,065$226,000$1,393,043
14$2,636,662$938,520$237,300$1,460,843
15$2,768,495$987,298$249,165$1,532,033
16$2,906,920$1,038,515$261,623$1,606,782
17$3,052,266$1,092,293$274,704$1,685,269
18$3,204,880$1,148,760$288,439$1,767,680
19$3,365,123$1,208,051$302,861$1,854,212
20$3,533,380$1,270,305$318,004$1,945,070
21$3,710,049$1,335,673$333,904$2,040,471
22$3,895,551$1,404,309$350,600$2,140,643
23$4,090,329$1,476,377$368,130$2,245,822
24$4,294,845$1,552,048$386,536$2,356,261
25$4,509,587$1,631,502$405,863$2,472,222
26$4,735,067$1,714,930$426,156$2,593,981
27$4,971,820$1,802,528$447,464$2,721,828
28$5,220,411$1,894,507$469,837$2,856,067
29$5,481,432$1,991,085$493,329$2,997,018
30$5,755,503$2,092,491$517,995$3,145,017
Total$92,900,000$33,261,650$8,361,000$51,277,351

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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.