USA Mega

Minnesota Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$87,813$516,815
2$927,165$300,071$91,326$535,768
3$964,252$313,793$94,979$555,480
4$1,002,822$328,064$98,778$575,980
5$1,042,935$342,906$102,729$597,300
6$1,084,652$358,342$106,838$619,472
7$1,128,038$374,394$111,112$642,532
8$1,173,160$391,089$115,556$666,514
9$1,220,086$408,452$120,178$691,456
10$1,268,890$426,509$124,986$717,395
11$1,319,645$445,289$129,985$744,371
12$1,372,431$464,820$135,184$772,427
13$1,427,328$485,132$140,592$801,605
14$1,484,421$506,256$146,215$831,950
15$1,543,798$528,226$152,064$863,508
16$1,605,550$551,074$158,147$896,330
17$1,669,772$574,836$164,473$930,464
18$1,736,563$599,549$171,051$965,963
19$1,806,025$625,250$177,894$1,002,882
20$1,878,266$651,979$185,009$1,041,278
21$1,953,397$679,777$192,410$1,081,210
22$2,031,533$708,687$200,106$1,122,740
23$2,112,794$738,754$208,110$1,165,930
24$2,197,306$770,024$216,435$1,210,848
25$2,285,198$802,544$225,092$1,257,563
26$2,376,606$836,365$234,096$1,306,146
27$2,471,671$871,538$243,460$1,356,673
28$2,570,537$908,119$253,198$1,409,220
29$2,673,359$946,163$263,326$1,463,870
30$2,780,293$985,729$273,859$1,520,706
Total$50,000,000$17,210,608$4,925,001$27,864,396

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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.