USA Mega

New Hampshire Powerball Jackpot Annuity Payout Schedule for Dec 21, 1996

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The tax information provided here is based on 2024 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 $41,600,000 for a ticket purchased in New Hampshire, 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:

New Hampshire

Drawing Date:Sat, Dec 21, 1996
Jackpot:$41,600,000
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$741,732$232,629$0$509,103
2$771,401$243,606$0$527,795
3$802,257$255,023$0$547,234
4$834,348$266,896$0$567,451
5$867,722$279,245$0$588,477
6$902,431$292,087$0$610,343
7$938,528$305,443$0$633,085
8$976,069$319,333$0$656,736
9$1,015,112$333,779$0$681,333
10$1,055,716$348,803$0$706,913
11$1,097,945$364,427$0$733,517
12$1,141,863$380,677$0$761,186
13$1,187,537$397,576$0$789,961
14$1,235,039$415,152$0$819,887
15$1,284,440$433,431$0$851,009
16$1,335,818$452,440$0$883,377
17$1,389,250$472,210$0$917,040
18$1,444,820$492,771$0$952,049
19$1,502,613$514,155$0$988,459
20$1,562,718$536,393$0$1,026,324
21$1,625,226$559,522$0$1,065,705
22$1,690,235$583,575$0$1,106,661
23$1,757,845$608,590$0$1,149,255
24$1,828,159$634,606$0$1,193,552
25$1,901,285$661,663$0$1,239,622
26$1,977,336$689,802$0$1,287,534
27$2,056,430$719,067$0$1,337,363
28$2,138,687$749,502$0$1,389,185
29$2,224,235$781,155$0$1,443,080
30$2,313,204$814,073$0$1,499,131
Total$41,600,000$14,137,631$0$27,462,367

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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.