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Minnesota Powerball Jackpot Annuity Payout Schedule for Nov 6, 2023

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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 $181,900,000 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:Mon, Nov 6, 2023
Jackpot:$181,900,000
Federal Tax:37% marginal rate
State Tax: 9.85%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,737,856$970,027$269,679$1,498,150
2$2,874,749$1,020,677$283,163$1,570,909
3$3,018,486$1,073,860$297,321$1,647,305
4$3,169,411$1,129,702$312,187$1,727,522
5$3,327,881$1,188,336$327,796$1,811,749
6$3,494,275$1,249,902$344,186$1,900,187
7$3,668,989$1,314,546$361,395$1,993,047
8$3,852,438$1,382,422$379,465$2,090,551
9$4,045,060$1,453,693$398,438$2,192,929
10$4,247,313$1,528,526$418,360$2,300,427
11$4,459,679$1,607,101$439,278$2,413,299
12$4,682,663$1,689,606$461,242$2,531,815
13$4,916,796$1,776,235$484,304$2,656,257
14$5,162,636$1,867,196$508,520$2,786,921
15$5,420,768$1,962,704$533,946$2,924,118
16$5,691,806$2,062,989$560,643$3,068,175
17$5,976,396$2,168,287$588,675$3,219,434
18$6,275,216$2,278,850$618,109$3,378,257
19$6,588,977$2,394,942$649,014$3,545,021
20$6,918,426$2,516,838$681,465$3,720,123
21$7,264,347$2,644,829$715,538$3,903,980
22$7,627,564$2,779,219$751,315$4,097,030
23$8,008,943$2,920,329$788,881$4,299,733
24$8,409,390$3,068,494$828,325$4,512,570
25$8,829,859$3,224,068$869,741$4,736,050
26$9,271,352$3,387,421$913,228$4,970,704
27$9,734,920$3,558,941$958,890$5,217,090
28$10,221,666$3,739,037$1,006,834$5,475,795
29$10,732,749$3,928,137$1,057,176$5,747,436
30$11,269,387$4,126,693$1,110,035$6,032,659
Total$181,900,000$66,013,607$17,917,149$97,969,243

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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.