USA Mega

Illinois Powerball Jackpot Annuity Payout Schedule for Dec 31, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $25,000,000 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, Dec 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$22,065$298,127
2$463,583$131,801$22,947$308,834
3$482,126$138,291$23,865$319,969
4$501,411$145,041$24,820$331,550
5$521,467$152,061$25,813$343,594
6$542,326$159,361$26,845$356,120
7$564,019$166,954$27,919$369,146
8$586,580$174,850$29,036$382,694
9$610,043$183,062$30,197$396,784
10$634,445$191,765$31,405$411,275
11$659,823$201,155$32,661$426,007
12$686,215$210,920$33,968$441,328
13$713,664$221,076$35,326$457,262
14$742,211$231,638$36,739$473,833
15$771,899$242,623$38,209$491,067
16$802,775$254,047$39,737$508,991
17$834,886$265,928$41,327$527,631
18$868,281$278,284$42,980$547,017
19$903,013$291,135$44,699$567,179
20$939,133$304,500$46,487$588,147
21$976,699$318,399$48,347$609,953
22$1,015,767$332,854$50,280$632,632
23$1,056,397$347,887$52,292$656,218
24$1,098,653$363,522$54,383$680,748
25$1,142,599$379,782$56,559$706,259
26$1,188,303$396,692$58,821$732,790
27$1,235,835$414,279$61,174$760,382
28$1,285,269$432,570$63,621$789,078
29$1,336,679$451,592$66,166$818,922
30$1,390,147$471,374$68,812$849,960
Total$25,000,000$7,979,004$1,237,500$15,783,497

◄ Back to Jackpot Analysis

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.