USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$212,692$61,907$413,252
2$722,243$225,418$65,002$431,824
3$758,355$238,779$68,252$451,324
4$796,273$252,809$71,665$471,800
5$836,087$267,540$75,248$493,299
6$877,891$283,007$79,010$515,873
7$921,786$299,248$82,961$539,576
8$967,875$316,301$87,109$564,465
9$1,016,269$334,207$91,464$590,597
10$1,067,082$353,008$96,037$618,037
11$1,120,436$372,749$100,839$646,848
12$1,176,458$393,477$105,881$677,100
13$1,235,281$415,242$111,175$708,864
14$1,297,045$438,094$116,734$742,216
15$1,361,897$462,090$122,571$777,237
16$1,429,992$487,285$128,699$814,008
17$1,501,492$513,740$135,134$852,618
18$1,576,566$541,517$141,891$893,158
19$1,655,394$570,684$148,985$935,725
20$1,738,164$601,308$156,435$980,421
21$1,825,072$633,465$164,257$1,027,351
22$1,916,326$667,228$172,469$1,076,628
23$2,012,142$702,680$181,093$1,128,369
24$2,112,749$739,905$190,147$1,182,697
25$2,218,387$778,991$199,655$1,239,741
26$2,329,306$820,031$209,638$1,299,638
27$2,445,772$863,123$220,119$1,362,529
28$2,568,060$908,370$231,125$1,428,565
29$2,696,463$955,879$242,682$1,497,902
30$2,831,286$1,005,764$254,816$1,570,707
Total$45,700,000$15,654,631$4,113,000$25,932,369

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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.