USA Mega

New Jersey Powerball Jackpot Annuity Payout Schedule for Aug 31, 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 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 $76,500,000 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, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$146,630$755,671
2$1,418,563$481,888$152,495$784,179
3$1,475,305$502,883$158,595$813,827
4$1,534,317$524,718$164,939$844,661
5$1,595,690$547,426$171,537$876,728
6$1,659,518$571,042$178,398$910,078
7$1,725,898$595,603$185,534$944,762
8$1,794,934$621,146$192,955$980,833
9$1,866,732$647,711$200,674$1,018,347
10$1,941,401$675,339$208,701$1,057,362
11$2,019,057$704,071$217,049$1,097,937
12$2,099,819$733,953$225,731$1,140,135
13$2,183,812$765,031$234,760$1,184,022
14$2,271,165$797,351$244,150$1,229,663
15$2,362,011$830,964$253,916$1,277,131
16$2,456,492$865,922$264,073$1,326,497
17$2,554,751$902,278$274,636$1,377,837
18$2,656,941$940,089$285,621$1,431,232
19$2,763,219$979,411$297,046$1,486,762
20$2,873,748$1,020,307$308,928$1,544,513
21$2,988,698$1,062,838$321,285$1,604,574
22$3,108,246$1,107,071$334,136$1,667,038
23$3,232,575$1,153,073$347,502$1,732,000
24$3,361,878$1,200,915$361,402$1,799,561
25$3,496,354$1,250,671$375,858$1,869,824
26$3,636,208$1,302,417$390,892$1,942,898
27$3,781,656$1,356,233$406,528$2,018,895
28$3,932,922$1,412,201$422,789$2,097,932
29$4,090,239$1,470,409$439,701$2,180,130
30$4,253,849$1,530,944$457,289$2,265,616
Total$76,500,000$27,015,606$8,223,750$41,260,645

◄ 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.