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California Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

California

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
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$6,740,033$2,456,767$0$4,283,266
2$7,077,034$2,581,458$0$4,495,577
3$7,430,886$2,712,383$0$4,718,503
4$7,802,430$2,849,854$0$4,952,576
5$8,192,552$2,994,199$0$5,198,353
6$8,602,179$3,145,761$0$5,456,418
7$9,032,289$3,304,902$0$5,727,387
8$9,483,903$3,471,999$0$6,011,904
9$9,958,098$3,647,451$0$6,310,647
10$10,456,003$3,831,676$0$6,624,327
11$10,978,803$4,025,112$0$6,953,691
12$11,527,743$4,228,220$0$7,299,523
13$12,104,130$4,441,483$0$7,662,647
14$12,709,337$4,665,410$0$8,043,927
15$13,344,804$4,900,532$0$8,444,271
16$14,012,044$5,147,411$0$8,864,633
17$14,712,646$5,406,634$0$9,306,012
18$15,448,278$5,678,818$0$9,769,460
19$16,220,692$5,964,611$0$10,256,081
20$17,031,727$6,264,694$0$10,767,033
21$17,883,313$6,579,781$0$11,303,532
22$18,777,479$6,910,622$0$11,866,857
23$19,716,353$7,258,006$0$12,458,347
24$20,702,170$7,622,758$0$13,079,412
25$21,737,279$8,005,748$0$13,731,531
26$22,824,143$8,407,888$0$14,416,255
27$23,965,350$8,830,135$0$15,135,216
28$25,163,617$9,273,493$0$15,890,124
29$26,421,798$9,739,020$0$16,682,778
30$27,742,888$10,227,824$0$17,515,065
Total$447,800,001$164,574,650$0$283,225,353

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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.