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 $171,000,000 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:  Sat, May 30, 2015
Jackpot:$171,000,000
Federal Tax:  25%
State Tax:3.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,048,947$762,237$91,468$2,195,242
2$3,170,905$792,726$95,127$2,283,051
3$3,297,741$824,435$98,932$2,374,374
4$3,429,651$857,413$102,890$2,469,348
5$3,566,837$891,709$107,005$2,568,122
6$3,709,510$927,378$111,285$2,670,847
7$3,857,891$964,473$115,737$2,777,681
8$4,012,206$1,003,052$120,366$2,888,788
9$4,172,694$1,043,174$125,181$3,004,340
10$4,339,602$1,084,901$130,188$3,124,514
11$4,513,186$1,128,297$135,396$3,249,494
12$4,693,714$1,173,428$140,811$3,379,474
13$4,881,462$1,220,366$146,444$3,514,653
14$5,076,721$1,269,180$152,302$3,655,239
15$5,279,790$1,319,947$158,394$3,801,449
16$5,490,981$1,372,745$164,729$3,953,506
17$5,710,620$1,427,655$171,319$4,111,647
18$5,939,045$1,484,761$178,171$4,276,113
19$6,176,607$1,544,152$185,298$4,447,157
20$6,423,671$1,605,918$192,710$4,625,043
21$6,680,618$1,670,155$200,419$4,810,045
22$6,947,843$1,736,961$208,435$5,002,447
23$7,225,757$1,806,439$216,773$5,202,545
24$7,514,787$1,878,697$225,444$5,410,647
25$7,815,378$1,953,845$234,461$5,627,072
26$8,127,994$2,031,998$243,840$5,852,155
27$8,453,113$2,113,278$253,593$6,086,242
28$8,791,238$2,197,809$263,737$6,329,691
29$9,142,887$2,285,722$274,287$6,582,879
30$9,508,603$2,377,151$285,258$6,846,194
Total$171,000,000$42,750,000$5,130,000$123,120,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^

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



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2015 Speednet Group.  All rights reserved.