USA Mega

Minnesota Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$841,696$235,515$1,313,805
2$2,486,657$877,083$244,936$1,364,638
3$2,586,123$913,886$254,733$1,417,504
4$2,689,568$952,160$264,922$1,472,485
5$2,797,151$991,966$275,519$1,529,665
6$2,909,037$1,033,364$286,540$1,589,133
7$3,025,398$1,076,418$298,002$1,650,979
8$3,146,414$1,121,194$309,922$1,715,299
9$3,272,271$1,167,760$322,319$1,782,192
10$3,403,162$1,216,190$335,211$1,851,760
11$3,539,288$1,266,557$348,620$1,924,111
12$3,680,860$1,318,938$362,565$1,999,357
13$3,828,094$1,373,415$377,067$2,077,612
14$3,981,218$1,430,071$392,150$2,158,997
15$4,140,467$1,488,993$407,836$2,243,638
16$4,306,085$1,550,272$424,149$2,331,664
17$4,478,329$1,614,002$441,115$2,423,211
18$4,657,462$1,680,281$458,760$2,518,421
19$4,843,760$1,749,212$477,110$2,617,438
20$5,037,511$1,820,899$496,195$2,720,417
21$5,239,011$1,895,454$516,043$2,827,514
22$5,448,572$1,972,992$536,684$2,938,896
23$5,666,514$2,053,631$558,152$3,054,732
24$5,893,175$2,137,495$580,478$3,175,202
25$6,128,902$2,224,714$603,697$3,300,491
26$6,374,058$2,315,422$627,845$3,430,792
27$6,629,020$2,409,758$652,959$3,566,304
28$6,894,181$2,507,867$679,077$3,707,237
29$7,169,948$2,609,901$706,240$3,853,807
30$7,456,746$2,716,016$734,490$4,006,240
Total$134,100,000$48,327,607$13,208,851$72,563,541

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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.