USA Mega

Minnesota Powerball Jackpot Annuity Payout Schedule for Dec 31, 2011

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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 $25,000,000 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 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$43,907$276,285
2$463,583$131,801$45,663$286,119
3$482,126$138,291$47,489$296,345
4$501,411$145,041$49,389$306,981
5$521,467$152,061$51,365$318,042
6$542,326$159,361$53,419$329,546
7$564,019$166,954$55,556$341,509
8$586,580$174,850$57,778$353,952
9$610,043$183,062$60,089$366,891
10$634,445$191,765$62,493$380,187
11$659,823$201,155$64,993$393,675
12$686,215$210,920$67,592$407,703
13$713,664$221,076$70,296$422,292
14$742,211$231,638$73,108$437,465
15$771,899$242,623$76,032$453,244
16$802,775$254,047$79,073$469,655
17$834,886$265,928$82,236$486,722
18$868,281$278,284$85,526$504,471
19$903,013$291,135$88,947$522,931
20$939,133$304,500$92,505$542,129
21$976,699$318,399$96,205$562,095
22$1,015,767$332,854$100,053$582,860
23$1,056,397$347,887$104,055$604,455
24$1,098,653$363,522$108,217$626,914
25$1,142,599$379,782$112,546$650,271
26$1,188,303$396,692$117,048$674,563
27$1,235,835$414,279$121,730$699,826
28$1,285,269$432,570$126,599$726,100
29$1,336,679$451,592$131,663$753,425
30$1,390,147$471,374$136,929$781,843
Total$25,000,000$7,979,004$2,462,501$14,558,496

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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.