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Massachusetts Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$262,203$74,234$488,382
2$866,060$277,462$77,945$510,652
3$909,363$293,484$81,843$534,036
4$954,831$310,308$85,935$558,588
5$1,002,572$327,972$90,231$584,369
6$1,052,701$346,520$94,743$611,438
7$1,105,336$365,995$99,480$639,861
8$1,160,603$386,443$104,454$669,705
9$1,218,633$407,914$109,677$701,041
10$1,279,564$430,459$115,161$733,945
11$1,343,543$454,131$120,919$768,493
12$1,410,720$478,987$126,965$804,768
13$1,481,256$505,085$133,313$842,858
14$1,555,319$532,488$139,979$882,852
15$1,633,084$561,262$146,978$924,845
16$1,714,739$591,474$154,326$968,939
17$1,800,476$623,196$162,043$1,015,237
18$1,890,499$656,505$170,145$1,063,849
19$1,985,024$691,479$178,652$1,114,893
20$2,084,276$728,202$187,585$1,168,489
21$2,188,489$766,761$196,964$1,224,764
22$2,297,914$807,248$206,812$1,283,853
23$2,412,810$849,760$217,153$1,345,897
24$2,533,450$894,397$228,011$1,411,043
25$2,660,123$941,266$239,411$1,479,446
26$2,793,129$990,478$251,382$1,551,269
27$2,932,785$1,042,151$263,951$1,626,684
28$3,079,424$1,096,407$277,148$1,705,869
29$3,233,396$1,153,377$291,006$1,789,013
30$3,395,065$1,213,194$305,556$1,876,315
Total$54,800,000$18,986,608$4,932,002$30,881,393

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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.