USA Mega

New Hampshire Powerball Jackpot Annuity Payout Schedule for Jul 19, 1997

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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 $24,200,000 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, Jul 19, 1997
Jackpot:$24,200,000
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$431,488$121,396$0$310,093
2$448,748$127,437$0$321,311
3$466,698$133,719$0$332,979
4$485,366$140,253$0$345,113
5$504,780$147,048$0$357,733
6$524,972$154,115$0$370,857
7$545,970$161,464$0$384,506
8$567,809$169,108$0$398,701
9$590,522$177,057$0$413,464
10$614,143$185,420$0$428,722
11$638,708$194,510$0$444,198
12$664,257$203,963$0$460,294
13$690,827$213,794$0$477,033
14$718,460$224,018$0$494,442
15$747,198$234,651$0$512,547
16$777,086$245,710$0$531,377
17$808,170$257,211$0$550,959
18$840,496$269,171$0$571,325
19$874,116$281,611$0$592,506
20$909,081$294,548$0$614,533
21$945,444$308,002$0$637,442
22$983,262$321,995$0$661,267
23$1,022,592$336,547$0$686,046
24$1,063,496$351,681$0$711,815
25$1,106,036$367,421$0$738,615
26$1,150,277$383,790$0$766,487
27$1,196,289$400,815$0$795,474
28$1,244,140$418,520$0$825,621
29$1,293,906$436,933$0$856,973
30$1,345,662$456,083$0$889,579
Total$24,200,000$7,717,991$0$16,482,012

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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.