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Massachusetts Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$452,040$2,749,283
2$5,273,797$1,914,260$474,642$2,884,895
3$5,537,487$2,011,825$498,374$3,027,288
4$5,814,361$2,114,269$523,293$3,176,800
5$6,105,079$2,221,834$549,457$3,333,788
6$6,410,333$2,334,778$576,930$3,498,625
7$6,730,850$2,453,370$605,777$3,671,704
8$7,067,393$2,577,890$636,065$3,853,437
9$7,420,762$2,708,637$667,869$4,044,257
10$7,791,800$2,845,921$701,262$4,244,617
11$8,181,390$2,990,069$736,325$4,454,996
12$8,590,460$3,141,425$773,141$4,675,893
13$9,019,983$3,300,349$811,798$4,907,836
14$9,470,982$3,467,218$852,388$5,151,375
15$9,944,531$3,642,431$895,008$5,407,092
16$10,441,758$3,826,405$939,758$5,675,594
17$10,963,845$4,019,578$986,746$5,957,521
18$11,512,038$4,222,409$1,036,083$6,253,545
19$12,087,639$4,435,382$1,087,888$6,564,370
20$12,692,022$4,659,003$1,142,282$6,890,737
21$13,326,623$4,893,805$1,199,396$7,233,421
22$13,992,954$5,140,348$1,259,366$7,593,240
23$14,692,601$5,399,218$1,322,334$7,971,050
24$15,427,231$5,671,031$1,388,451$8,367,750
25$16,198,593$5,956,434$1,457,873$8,784,285
26$17,008,523$6,256,108$1,530,767$9,221,647
27$17,858,949$6,570,766$1,607,305$9,680,877
28$18,751,896$6,901,157$1,687,671$10,163,069
29$19,689,491$7,248,067$1,772,054$10,669,370
30$20,673,966$7,612,322$1,860,657$11,200,986
Total$333,700,001$122,357,650$30,033,000$181,309,348

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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.