USA Mega

New Hampshire Powerball Jackpot Annuity Payout Schedule for Jun 1, 2002

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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 $21,300,000 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, Jun 1, 2002
Jackpot:$21,300,000
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$379,781$103,298$0$276,483
2$394,972$108,615$0$286,357
3$410,771$114,145$0$296,627
4$427,202$119,895$0$307,307
5$444,290$125,876$0$318,414
6$462,062$132,096$0$329,965
7$480,544$138,565$0$341,979
8$499,766$145,293$0$354,473
9$519,757$152,290$0$367,467
10$540,547$159,566$0$380,981
11$562,169$167,134$0$395,035
12$584,656$175,004$0$409,651
13$608,042$183,189$0$424,852
14$632,363$192,162$0$440,201
15$657,658$201,521$0$456,137
16$683,964$211,255$0$472,710
17$711,323$221,377$0$489,946
18$739,776$231,905$0$507,871
19$769,367$242,853$0$526,513
20$800,142$254,240$0$545,901
21$832,147$266,082$0$566,065
22$865,433$278,398$0$587,035
23$900,050$291,206$0$608,844
24$936,052$304,527$0$631,525
25$973,495$318,381$0$655,114
26$1,012,434$332,788$0$679,646
27$1,052,932$347,772$0$705,159
28$1,095,049$363,356$0$731,693
29$1,138,851$379,563$0$759,288
30$1,184,405$396,418$0$787,987
Total$21,300,000$6,658,770$0$14,641,226

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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.