USA Mega

Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $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 prize 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$217,460$61,907$408,484
2$722,243$230,185$65,002$427,056
3$758,355$243,546$68,252$446,557
4$796,273$257,576$71,665$467,032
5$836,087$272,307$75,248$488,532
6$877,891$287,775$79,010$511,106
7$921,786$304,016$82,961$534,809
8$967,875$321,069$87,109$559,697
9$1,016,269$338,974$91,464$585,830
10$1,067,082$357,775$96,037$613,269
11$1,120,436$377,516$100,839$642,081
12$1,176,458$398,244$105,881$672,332
13$1,235,281$420,009$111,175$704,097
14$1,297,045$442,862$116,734$737,449
15$1,361,897$466,857$122,571$772,469
16$1,429,992$492,052$128,699$809,241
17$1,501,492$518,507$135,134$847,850
18$1,576,566$546,284$141,891$888,391
19$1,655,394$575,451$148,985$930,958
20$1,738,164$606,076$156,435$975,654
21$1,825,072$638,232$164,257$1,022,584
22$1,916,326$671,996$172,469$1,071,861
23$2,012,142$707,448$181,093$1,123,602
24$2,112,749$744,672$190,147$1,177,930
25$2,218,387$783,758$199,655$1,234,974
26$2,329,306$824,798$209,638$1,294,870
27$2,445,772$867,890$220,119$1,357,762
28$2,568,060$913,137$231,125$1,423,797
29$2,696,463$960,646$242,682$1,493,135
30$2,831,286$1,010,531$254,816$1,565,940
Total$45,700,000$15,797,649$4,113,000$25,789,349

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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.