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New Jersey Powerball Jackpot Annuity Payout Schedule for May 11, 2011

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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 $65,200,000 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:Wed, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$124,971$650,398
2$1,209,023$404,359$129,970$674,694
3$1,257,384$422,252$135,169$699,963
4$1,307,680$440,862$140,576$726,242
5$1,359,987$460,215$146,199$753,573
6$1,414,386$480,343$152,047$781,997
7$1,470,962$501,276$158,128$811,557
8$1,529,800$523,046$164,454$842,300
9$1,590,992$545,687$171,032$874,273
10$1,654,632$569,234$177,873$907,525
11$1,720,817$593,723$184,988$942,107
12$1,789,650$619,191$192,387$978,072
13$1,861,236$645,678$200,083$1,015,476
14$1,935,685$673,224$208,086$1,054,375
15$2,013,113$701,872$216,410$1,094,831
16$2,093,637$731,666$225,066$1,136,905
17$2,177,383$762,652$234,069$1,180,662
18$2,264,478$794,877$243,431$1,226,170
19$2,355,057$828,391$253,169$1,273,497
20$2,449,259$863,246$263,295$1,322,718
21$2,547,230$899,495$273,827$1,373,907
22$2,649,119$937,194$284,780$1,427,144
23$2,755,084$976,401$296,172$1,482,511
24$2,865,287$1,017,177$308,018$1,540,092
25$2,979,899$1,059,583$320,339$1,599,977
26$3,099,095$1,103,685$333,153$1,662,257
27$3,223,058$1,149,552$346,479$1,727,028
28$3,351,981$1,197,253$360,338$1,794,390
29$3,486,060$1,246,862$374,751$1,864,446
30$3,625,502$1,298,456$389,742$1,937,305
Total$65,200,000$22,834,606$7,009,002$35,356,392

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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.