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Minnesota Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,452,000$663,893$3,624,140
2$7,077,034$2,576,690$697,088$3,803,256
3$7,430,886$2,707,616$731,942$3,991,328
4$7,802,430$2,845,087$768,539$4,188,804
5$8,192,552$2,989,432$806,966$4,396,153
6$8,602,179$3,140,994$847,315$4,613,871
7$9,032,289$3,300,135$889,680$4,842,474
8$9,483,903$3,467,232$934,164$5,082,507
9$9,958,098$3,642,684$980,873$5,334,541
10$10,456,003$3,826,909$1,029,916$5,599,178
11$10,978,803$4,020,345$1,081,412$5,877,046
12$11,527,743$4,223,453$1,135,483$6,168,808
13$12,104,130$4,436,716$1,192,257$6,475,157
14$12,709,337$4,660,642$1,251,870$6,796,825
15$13,344,804$4,895,765$1,314,463$7,134,575
16$14,012,044$5,142,644$1,380,186$7,489,214
17$14,712,646$5,401,867$1,449,196$7,861,584
18$15,448,278$5,674,051$1,521,655$8,252,572
19$16,220,692$5,959,844$1,597,738$8,663,110
20$17,031,727$6,259,927$1,677,625$9,094,175
21$17,883,313$6,575,014$1,761,506$9,546,793
22$18,777,479$6,905,855$1,849,582$10,022,042
23$19,716,353$7,253,238$1,942,061$10,521,054
24$20,702,170$7,617,991$2,039,164$11,045,016
25$21,737,279$8,000,981$2,141,122$11,595,176
26$22,824,143$8,403,121$2,248,178$12,172,844
27$23,965,350$8,825,367$2,360,587$12,779,396
28$25,163,617$9,268,726$2,478,616$13,416,275
29$26,421,798$9,734,253$2,602,547$14,084,998
30$27,742,888$10,223,056$2,732,675$14,787,157
Total$447,800,001$164,431,635$44,108,299$239,260,069

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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.