USA Mega

New Hampshire Powerball Jackpot Annuity Payout Schedule for Oct 25, 2023

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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 $103,400,000 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:Wed, Oct 25, 2023
Jackpot:$103,400,000
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$1,556,318$534,026$0$1,022,293
2$1,634,134$562,817$0$1,071,317
3$1,715,841$593,049$0$1,122,792
4$1,801,633$624,792$0$1,176,841
5$1,891,715$658,122$0$1,233,593
6$1,986,300$693,119$0$1,293,182
7$2,085,616$729,865$0$1,355,750
8$2,189,896$768,449$0$1,421,447
9$2,299,391$808,962$0$1,490,429
10$2,414,361$851,501$0$1,562,859
11$2,535,079$896,167$0$1,638,912
12$2,661,833$943,066$0$1,718,767
13$2,794,924$992,310$0$1,802,615
14$2,934,670$1,044,016$0$1,890,655
15$3,081,404$1,098,307$0$1,983,097
16$3,235,474$1,155,313$0$2,080,161
17$3,397,248$1,215,169$0$2,182,078
18$3,567,110$1,278,019$0$2,289,092
19$3,745,466$1,344,010$0$2,401,456
20$3,932,739$1,413,301$0$2,519,438
21$4,129,376$1,486,057$0$2,643,319
22$4,335,845$1,562,450$0$2,773,394
23$4,552,637$1,642,663$0$2,909,974
24$4,780,269$1,726,887$0$3,053,382
25$5,019,282$1,815,322$0$3,203,960
26$5,270,247$1,908,179$0$3,362,068
27$5,533,759$2,005,679$0$3,528,080
28$5,810,447$2,108,053$0$3,702,394
29$6,100,969$2,215,546$0$3,885,423
30$6,406,018$2,328,414$0$4,077,603
Total$103,400,000$37,003,630$0$66,396,371

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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.