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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 2022 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 prize 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$2,456,767$663,893$3,619,372
2$7,077,034$2,581,458$697,088$3,798,489
3$7,430,886$2,712,383$731,942$3,986,561
4$7,802,430$2,849,854$768,539$4,184,037
5$8,192,552$2,994,199$806,966$4,391,386
6$8,602,179$3,145,761$847,315$4,609,103
7$9,032,289$3,304,902$889,680$4,837,706
8$9,483,903$3,471,999$934,164$5,077,739
9$9,958,098$3,647,451$980,873$5,329,774
10$10,456,003$3,831,676$1,029,916$5,594,411
11$10,978,803$4,025,112$1,081,412$5,872,279
12$11,527,743$4,228,220$1,135,483$6,164,040
13$12,104,130$4,441,483$1,192,257$6,470,390
14$12,709,337$4,665,410$1,251,870$6,792,058
15$13,344,804$4,900,532$1,314,463$7,129,808
16$14,012,044$5,147,411$1,380,186$7,484,446
17$14,712,646$5,406,634$1,449,196$7,856,816
18$15,448,278$5,678,818$1,521,655$8,247,805
19$16,220,692$5,964,611$1,597,738$8,658,343
20$17,031,727$6,264,694$1,677,625$9,089,408
21$17,883,313$6,579,781$1,761,506$9,542,026
22$18,777,479$6,910,622$1,849,582$10,017,275
23$19,716,353$7,258,006$1,942,061$10,516,287
24$20,702,170$7,622,758$2,039,164$11,040,248
25$21,737,279$8,005,748$2,141,122$11,590,409
26$22,824,143$8,407,888$2,248,178$12,168,077
27$23,965,350$8,830,135$2,360,587$12,774,629
28$25,163,617$9,273,493$2,478,616$13,411,508
29$26,421,798$9,739,020$2,602,547$14,080,231
30$27,742,888$10,227,824$2,732,675$14,782,390
Total$447,800,001$164,574,650$44,108,299$239,117,051

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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.