USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 21, 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 $20,000,000 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:Mon, Nov 21, 2022
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$74,907$27,093$199,029
2$316,080$80,175$28,447$207,458
3$331,884$85,707$29,870$216,308
4$348,478$91,515$31,363$225,601
5$365,902$97,613$32,931$235,358
6$384,197$104,016$34,578$245,603
7$403,407$110,740$36,307$256,361
8$423,578$117,799$38,122$267,656
9$444,757$125,212$40,028$279,516
10$466,994$132,995$42,029$291,970
11$490,344$141,168$44,131$305,045
12$514,861$149,749$46,338$318,775
13$540,604$158,759$48,654$333,191
14$567,635$168,219$51,087$348,328
15$596,016$178,153$53,641$364,222
16$625,817$188,583$56,324$380,910
17$657,108$200,150$59,140$397,818
18$689,963$212,307$62,097$415,560
19$724,461$225,071$65,202$434,189
20$760,685$238,474$68,462$453,749
21$798,719$252,546$71,885$474,288
22$838,655$267,322$75,479$495,853
23$880,587$282,838$79,253$518,497
24$924,617$299,128$83,216$542,273
25$970,848$316,234$87,376$567,237
26$1,019,390$334,195$91,745$593,450
27$1,070,360$353,053$96,332$620,974
28$1,123,878$372,855$101,149$649,874
29$1,180,071$393,647$106,206$680,218
30$1,239,075$415,478$111,517$712,080
Total$20,000,000$6,168,608$1,800,002$12,031,391

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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.