USA Mega

California Powerball Jackpot Annuity Payout Schedule for Nov 30, 2011

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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 $30,000,000 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 30, 2011
Jackpot:$30,000,000
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$534,903$156,763$0$378,140
2$556,299$164,252$0$392,047
3$578,551$172,040$0$406,511
4$601,693$180,140$0$421,553
5$625,761$188,564$0$437,197
6$650,791$197,813$0$452,978
7$676,823$207,445$0$469,378
8$703,896$217,462$0$486,434
9$732,052$227,879$0$504,172
10$761,334$238,714$0$522,620
11$791,787$249,981$0$541,806
12$823,459$261,700$0$561,759
13$856,397$273,887$0$582,510
14$890,653$286,562$0$604,091
15$926,279$299,743$0$626,535
16$963,330$313,452$0$649,878
17$1,001,863$327,710$0$674,154
18$1,041,938$342,537$0$699,401
19$1,083,615$357,958$0$725,657
20$1,126,960$373,995$0$752,964
21$1,172,038$390,674$0$781,364
22$1,218,920$408,021$0$810,899
23$1,267,677$426,061$0$841,616
24$1,318,384$444,822$0$873,561
25$1,371,119$464,334$0$906,785
26$1,425,964$484,627$0$941,337
27$1,483,002$505,731$0$977,271
28$1,542,322$527,680$0$1,014,643
29$1,604,015$550,506$0$1,053,509
30$1,668,176$574,245$0$1,093,931
Total$30,000,000$9,815,298$0$20,184,701

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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.