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Minnesota Powerball Jackpot Annuity Payout Schedule for Dec 17, 2011

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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 $89,700,000 for a ticket purchased in Minnesota, 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:

Minnesota

Drawing Date:Sat, Dec 17, 2011
Jackpot:$89,700,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,599,360$549,951$157,537$891,872
2$1,663,334$573,621$163,838$925,874
3$1,729,868$598,239$170,392$961,237
4$1,799,062$623,841$177,208$998,014
5$1,871,025$650,467$184,296$1,036,262
6$1,945,866$678,158$191,668$1,076,040
7$2,023,700$706,957$199,334$1,117,409
8$2,104,649$736,908$207,308$1,160,433
9$2,188,834$768,056$215,600$1,205,178
10$2,276,388$800,451$224,224$1,251,712
11$2,367,443$834,142$233,193$1,300,108
12$2,462,141$869,180$242,521$1,350,440
13$2,560,627$905,620$252,222$1,402,785
14$2,663,052$943,517$262,311$1,457,224
15$2,769,574$982,930$272,803$1,513,841
16$2,880,357$1,023,920$283,715$1,572,722
17$2,995,571$1,066,549$295,064$1,633,958
18$3,115,394$1,110,884$306,866$1,697,644
19$3,240,010$1,156,991$319,141$1,763,877
20$3,369,610$1,204,943$331,907$1,832,760
21$3,504,394$1,254,814$345,183$1,904,398
22$3,644,570$1,306,679$358,990$1,978,901
23$3,790,353$1,360,618$373,350$2,056,385
24$3,941,967$1,416,716$388,284$2,136,968
25$4,099,646$1,475,057$403,815$2,220,774
26$4,263,632$1,535,731$419,968$2,307,933
27$4,434,177$1,598,833$436,766$2,398,577
28$4,611,544$1,664,459$454,237$2,492,848
29$4,796,006$1,732,710$472,407$2,590,889
30$4,987,846$1,803,691$491,303$2,692,852
Total$89,700,000$31,934,633$8,835,451$48,929,915

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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.