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Powerball Annuity Jackpot Analysis for New Hampshire

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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 $90,000,000 would be for a resident of New Hampshire, 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 Hampshire

Drawing Date:  Sat, May 28, 2016
Jackpot:$90,000,000
Federal Tax:  25%
State Tax:No state tax on lottery prizes
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,354,629$338,657$0$1,015,972
2$1,422,361$355,590$0$1,066,770
3$1,493,479$373,370$0$1,120,109
4$1,568,153$392,038$0$1,176,114
5$1,646,560$411,640$0$1,234,920
6$1,728,888$432,222$0$1,296,666
7$1,815,333$453,833$0$1,361,500
8$1,906,099$476,525$0$1,429,574
9$2,001,404$500,351$0$1,501,053
10$2,101,474$525,369$0$1,576,106
11$2,206,548$551,637$0$1,654,911
12$2,316,876$579,219$0$1,737,657
13$2,432,719$608,180$0$1,824,540
14$2,554,355$638,589$0$1,915,767
15$2,682,073$670,518$0$2,011,555
16$2,816,177$704,044$0$2,112,133
17$2,956,986$739,246$0$2,217,739
18$3,104,835$776,209$0$2,328,626
19$3,260,077$815,019$0$2,445,057
20$3,423,080$855,770$0$2,567,310
21$3,594,234$898,559$0$2,695,676
22$3,773,946$943,487$0$2,830,460
23$3,962,643$990,661$0$2,971,983
24$4,160,776$1,040,194$0$3,120,582
25$4,368,814$1,092,204$0$3,276,611
26$4,587,255$1,146,814$0$3,440,441
27$4,816,618$1,204,154$0$3,612,463
28$5,057,449$1,264,362$0$3,793,087
29$5,310,321$1,327,580$0$3,982,741
30$5,575,837$1,393,959$0$4,181,878
Total$90,000,000$22,500,000$0$67,500,000
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