USA Mega

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

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

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 $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$388,321$124,971$649,230
2$1,209,023$405,526$129,970$673,527
3$1,257,384$423,420$135,169$698,796
4$1,307,680$442,029$140,576$725,075
5$1,359,987$461,383$146,199$752,405
6$1,414,386$481,511$152,047$780,829
7$1,470,962$502,444$158,128$810,390
8$1,529,800$524,214$164,454$841,133
9$1,590,992$546,855$171,032$873,106
10$1,654,632$570,402$177,873$906,357
11$1,720,817$594,890$184,988$940,939
12$1,789,650$620,358$192,387$976,904
13$1,861,236$646,845$200,083$1,014,308
14$1,935,685$674,391$208,086$1,053,208
15$2,013,113$703,039$216,410$1,093,664
16$2,093,637$732,834$225,066$1,135,738
17$2,177,383$763,819$234,069$1,179,495
18$2,264,478$796,045$243,431$1,225,002
19$2,355,057$829,559$253,169$1,272,330
20$2,449,259$864,414$263,295$1,321,550
21$2,547,230$900,663$273,827$1,372,740
22$2,649,119$938,362$284,780$1,425,977
23$2,755,084$977,569$296,172$1,481,344
24$2,865,287$1,018,344$308,018$1,538,925
25$2,979,899$1,060,750$320,339$1,598,809
26$3,099,095$1,104,853$333,153$1,661,089
27$3,223,058$1,150,719$346,479$1,725,860
28$3,351,981$1,198,421$360,338$1,793,222
29$3,486,060$1,248,030$374,751$1,863,279
30$3,625,502$1,299,624$389,742$1,936,137
Total$65,200,000$22,869,634$7,009,002$35,321,368

◄ 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.