USA Mega

New Jersey Powerball Jackpot Annuity Payout Schedule for May 14, 2005

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $112,000,000 for a ticket purchased in New Jersey, 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 Jersey

Drawing Date:Sat, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$214,674$1,086,397
2$2,076,850$725,455$223,261$1,128,134
3$2,159,924$756,192$232,192$1,171,540
4$2,246,321$788,159$241,479$1,216,682
5$2,336,174$821,405$251,139$1,263,631
6$2,429,621$855,980$261,184$1,312,457
7$2,526,806$891,938$271,632$1,363,236
8$2,627,878$929,335$282,497$1,416,046
9$2,732,993$968,228$293,797$1,470,969
10$2,842,313$1,008,676$305,549$1,528,088
11$2,956,005$1,050,742$317,771$1,587,492
12$3,074,245$1,094,491$330,481$1,649,273
13$3,197,215$1,139,990$343,701$1,713,525
14$3,325,104$1,187,309$357,449$1,780,346
15$3,458,108$1,236,520$371,747$1,849,841
16$3,596,432$1,287,700$386,616$1,922,116
17$3,740,289$1,340,927$402,081$1,997,281
18$3,889,901$1,396,284$418,164$2,075,453
19$4,045,497$1,453,854$434,891$2,156,752
20$4,207,317$1,513,728$452,287$2,241,303
21$4,375,610$1,575,996$470,378$2,329,236
22$4,550,634$1,640,755$489,193$2,420,686
23$4,732,659$1,708,104$508,761$2,515,794
24$4,921,966$1,778,148$529,111$2,614,707
25$5,118,844$1,850,993$550,276$2,717,576
26$5,323,598$1,926,752$572,287$2,824,560
27$5,536,542$2,005,541$595,178$2,935,823
28$5,758,004$2,087,482$618,985$3,051,537
29$5,988,324$2,172,700$643,745$3,171,879
30$6,227,857$2,261,327$669,495$3,297,035
Total$112,000,000$40,150,611$12,040,001$59,809,395

◄ Back to Jackpot Analysis

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.