USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for New Jersey

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $150,000,000 would be for a resident of New Jersey, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

New Jersey

Drawing Date:  Wed, Apr 23, 2014
Jackpot:$150,000,000
Federal Tax:  25%
State Tax:3.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,674,515$668,629$80,235$1,925,651
2$2,781,495$695,374$83,445$2,002,677
3$2,892,755$723,189$86,783$2,082,784
4$3,008,465$752,116$90,254$2,166,095
5$3,128,804$782,201$93,864$2,252,739
6$3,253,956$813,489$97,619$2,342,849
7$3,384,115$846,029$101,523$2,436,562
8$3,519,479$879,870$105,584$2,534,025
9$3,660,258$915,065$109,808$2,635,386
10$3,806,669$951,667$114,200$2,740,801
11$3,958,935$989,734$118,768$2,850,433
12$4,117,293$1,029,323$123,519$2,964,451
13$4,281,984$1,070,496$128,460$3,083,029
14$4,453,264$1,113,316$133,598$3,206,350
15$4,631,394$1,157,849$138,942$3,334,604
16$4,816,650$1,204,163$144,500$3,467,988
17$5,009,316$1,252,329$150,279$3,606,708
18$5,209,689$1,302,422$156,291$3,750,976
19$5,418,076$1,354,519$162,542$3,901,015
20$5,634,799$1,408,700$169,044$4,057,056
21$5,860,191$1,465,048$175,806$4,219,338
22$6,094,599$1,523,650$182,838$4,388,111
23$6,338,383$1,584,596$190,151$4,563,636
24$6,591,918$1,647,980$197,758$4,746,181
25$6,855,595$1,713,899$205,668$4,936,028
26$7,129,819$1,782,455$213,895$5,133,470
27$7,415,012$1,853,753$222,450$5,338,808
28$7,711,612$1,927,903$231,348$5,552,361
29$8,020,077$2,005,019$240,602$5,774,455
30$8,340,880$2,085,220$250,226$6,005,433
Total$150,000,000$37,500,000$4,500,000$108,000,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^
Powerball
Wednesday Jackpot
$150 Million
Click Here to Play!
Euro Millions
Tuesday Jackpot
$78.7 Million
Click Here to Play!
CA SuperLotto
Wednesday Jackpot
$53 Million
Click Here to Play!
Mega Millions
Tuesday Jackpot
$48 Million
Click Here to Play!
FL Lotto
Wednesday Jackpot
$36 Million
Click Here to Play!
UK Lotto 6/49
Wednesday Jackpot
$11.3 Million
Click Here to Play!
NY Lotto
Wednesday Jackpot
$3.8 Million
Click Here to Play!


See more selections...

NetConnect
Internet domains, simple and cheap

Find a domain name:

  Home

The best selection at discount prices BOOKS & DVDs
Huge discounts!



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2014 Speednet Group.  All rights reserved.