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Minnesota Powerball Jackpot Annuity Payout Schedule for May 11, 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 $65,200,000 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:Wed, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$114,508$660,860
2$1,209,023$404,359$119,089$685,576
3$1,257,384$422,252$123,852$711,280
4$1,307,680$440,862$128,806$738,011
5$1,359,987$460,215$133,959$765,813
6$1,414,386$480,343$139,317$794,726
7$1,470,962$501,276$144,890$824,796
8$1,529,800$523,046$150,685$856,069
9$1,590,992$545,687$156,713$888,592
10$1,654,632$569,234$162,981$922,417
11$1,720,817$593,723$169,500$957,594
12$1,789,650$619,191$176,281$994,179
13$1,861,236$645,678$183,332$1,032,227
14$1,935,685$673,224$190,665$1,071,797
15$2,013,113$701,872$198,292$1,112,949
16$2,093,637$731,666$206,223$1,155,748
17$2,177,383$762,652$214,472$1,200,259
18$2,264,478$794,877$223,051$1,246,550
19$2,355,057$828,391$231,973$1,294,693
20$2,449,259$863,246$241,252$1,344,761
21$2,547,230$899,495$250,902$1,396,832
22$2,649,119$937,194$260,938$1,450,987
23$2,755,084$976,401$271,376$1,507,307
24$2,865,287$1,017,177$282,231$1,565,880
25$2,979,899$1,059,583$293,520$1,626,796
26$3,099,095$1,103,685$305,261$1,690,149
27$3,223,058$1,149,552$317,471$1,756,035
28$3,351,981$1,197,253$330,170$1,824,558
29$3,486,060$1,246,862$343,377$1,895,821
30$3,625,502$1,298,456$357,112$1,969,934
Total$65,200,000$22,834,606$6,422,199$35,943,196

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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.