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Illinois Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,450,832$333,632$3,955,569
2$7,077,034$2,575,523$350,313$4,151,198
3$7,430,886$2,706,448$367,829$4,356,609
4$7,802,430$2,843,920$386,220$4,572,291
5$8,192,552$2,988,264$405,531$4,798,756
6$8,602,179$3,139,827$425,808$5,036,545
7$9,032,289$3,298,967$447,098$5,286,223
8$9,483,903$3,466,064$469,453$5,548,385
9$9,958,098$3,641,517$492,926$5,823,656
10$10,456,003$3,825,741$517,572$6,112,689
11$10,978,803$4,019,177$543,451$6,416,175
12$11,527,743$4,222,285$570,623$6,734,835
13$12,104,130$4,435,548$599,154$7,069,427
14$12,709,337$4,659,475$629,112$7,420,750
15$13,344,804$4,894,598$660,568$7,789,638
16$14,012,044$5,141,477$693,596$8,176,971
17$14,712,646$5,400,699$728,276$8,583,671
18$15,448,278$5,672,883$764,690$9,010,705
19$16,220,692$5,958,676$802,924$9,459,092
20$17,031,727$6,258,759$843,070$9,929,897
21$17,883,313$6,573,846$885,224$10,424,243
22$18,777,479$6,904,687$929,485$10,943,306
23$19,716,353$7,252,071$975,959$11,488,323
24$20,702,170$7,616,823$1,024,757$12,060,590
25$21,737,279$7,999,813$1,075,995$12,661,470
26$22,824,143$8,401,953$1,129,795$13,292,395
27$23,965,350$8,824,200$1,186,285$13,954,865
28$25,163,617$9,267,559$1,245,599$14,650,460
29$26,421,798$9,733,086$1,307,879$15,380,834
30$27,742,888$10,221,889$1,373,273$16,147,726
Total$447,800,001$164,396,607$22,166,097$261,237,294

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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.