USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 23, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $32,200,000 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:Wed, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$43,619$297,654
2$508,889$151,864$45,800$311,225
3$534,333$160,770$48,090$325,474
4$561,050$170,544$50,495$340,012
5$589,103$180,923$53,019$355,160
6$618,558$191,821$55,670$371,066
7$649,486$203,265$58,454$387,767
8$681,960$215,280$61,376$405,303
9$716,058$227,896$64,445$423,716
10$751,861$241,144$67,667$443,050
11$789,454$255,053$71,051$463,350
12$828,927$269,658$74,603$484,665
13$870,373$284,993$78,334$507,046
14$913,892$301,095$82,250$530,546
15$959,586$318,002$86,363$555,222
16$1,007,565$335,754$90,681$581,130
17$1,057,944$354,394$95,215$608,335
18$1,110,841$373,966$99,976$636,899
19$1,166,383$394,517$104,974$666,892
20$1,224,702$416,095$110,223$698,384
21$1,285,937$438,752$115,734$731,451
22$1,350,234$462,542$121,521$766,171
23$1,417,746$487,521$127,597$802,628
24$1,488,633$513,749$133,977$840,907
25$1,563,065$541,289$140,676$881,100
26$1,641,218$570,206$147,710$923,303
27$1,723,279$600,568$155,095$967,616
28$1,809,443$632,449$162,850$1,014,144
29$1,899,915$665,924$170,992$1,062,999
30$1,994,911$701,072$179,542$1,114,297
Total$32,200,000$10,804,489$2,897,999$18,497,512

◄ Back to Jackpot Analysis

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.