USA Mega

California Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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The tax information provided here is based on 2024 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 $47,100,000 for a ticket purchased in California, 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:

California

Drawing Date:Wed, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$0$570,885
2$873,390$281,342$0$592,048
3$908,325$294,268$0$614,057
4$944,658$307,711$0$636,947
5$982,444$321,692$0$660,752
6$1,021,742$336,232$0$685,510
7$1,062,612$351,354$0$711,258
8$1,105,116$367,081$0$738,036
9$1,149,321$383,437$0$765,885
10$1,195,294$400,447$0$794,847
11$1,243,106$418,137$0$824,969
12$1,292,830$436,535$0$856,295
13$1,344,543$455,669$0$888,874
14$1,398,325$475,568$0$922,757
15$1,454,258$496,263$0$957,995
16$1,512,428$517,786$0$994,642
17$1,572,925$540,170$0$1,032,755
18$1,635,842$563,449$0$1,072,393
19$1,701,276$587,660$0$1,113,616
20$1,769,327$612,839$0$1,156,488
21$1,840,100$639,025$0$1,201,075
22$1,913,704$666,258$0$1,247,446
23$1,990,252$694,581$0$1,295,671
24$2,069,862$724,037$0$1,345,826
25$2,152,657$754,671$0$1,397,986
26$2,238,763$786,530$0$1,452,233
27$2,328,314$819,664$0$1,508,650
28$2,421,446$854,123$0$1,567,323
29$2,518,304$889,960$0$1,628,344
30$2,619,036$927,231$0$1,691,805
Total$47,100,000$16,172,633$0$30,927,368

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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.