USA Mega

Illinois Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

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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 $77,300,000 for a ticket purchased in Illinois, 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:

Illinois

Drawing Date:Sat, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$68,224$843,064
2$1,433,397$487,377$70,953$875,067
3$1,490,733$508,592$73,791$908,350
4$1,550,363$530,654$76,743$942,965
5$1,612,377$553,600$79,813$978,965
6$1,676,872$577,463$83,005$1,016,404
7$1,743,947$602,281$86,325$1,055,341
8$1,813,705$628,091$89,778$1,095,835
9$1,886,253$654,934$93,370$1,137,950
10$1,961,703$682,850$97,104$1,181,748
11$2,040,171$711,884$100,988$1,227,299
12$2,121,778$742,078$105,028$1,274,672
13$2,206,649$773,481$109,229$1,323,940
14$2,294,915$806,139$113,598$1,375,178
15$2,386,712$840,104$118,142$1,428,466
16$2,482,180$875,427$122,868$1,483,885
17$2,581,468$912,163$127,783$1,541,522
18$2,684,726$950,369$132,894$1,601,463
19$2,792,115$990,103$138,210$1,663,803
20$2,903,800$1,031,426$143,738$1,728,636
21$3,019,952$1,074,402$149,488$1,796,062
22$3,140,750$1,119,098$155,467$1,866,185
23$3,266,380$1,165,581$161,686$1,939,113
24$3,397,035$1,213,923$168,153$2,014,959
25$3,532,917$1,264,199$174,879$2,093,838
26$3,674,233$1,316,487$181,875$2,175,872
27$3,821,203$1,370,865$189,150$2,261,188
28$3,974,051$1,427,419$196,716$2,349,916
29$4,133,013$1,486,235$204,584$2,442,194
30$4,298,333$1,547,404$212,767$2,538,162
Total$77,300,000$27,311,608$3,826,349$46,162,042

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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.