USA Mega

New Jersey Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 prize money, as well as deductions claimed.

State:

New Jersey

Drawing Date:Sat, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$462,109$2,281,993
2$4,513,624$1,634,113$485,215$2,394,296
3$4,739,306$1,717,615$509,475$2,512,215
4$4,976,271$1,805,293$534,949$2,636,029
5$5,225,084$1,897,353$561,697$2,766,034
6$5,486,339$1,994,018$589,781$2,902,540
7$5,760,656$2,095,515$619,270$3,045,870
8$6,048,688$2,202,087$650,234$3,196,367
9$6,351,123$2,313,988$682,746$3,354,389
10$6,668,679$2,431,483$716,883$3,520,312
11$7,002,113$2,554,854$752,727$3,694,532
12$7,352,219$2,684,393$790,363$3,877,462
13$7,719,829$2,820,409$829,882$4,069,539
14$8,105,821$2,963,226$871,376$4,271,219
15$8,511,112$3,113,184$914,945$4,482,984
16$8,936,668$3,270,639$960,692$4,705,337
17$9,383,501$3,435,968$1,008,726$4,938,807
18$9,852,676$3,609,562$1,059,163$5,183,951
19$10,345,310$3,791,837$1,112,121$5,441,352
20$10,862,575$3,983,225$1,167,727$5,711,623
21$11,405,704$4,184,183$1,226,113$5,995,408
22$11,975,989$4,395,188$1,287,419$6,293,382
23$12,574,789$4,616,744$1,351,790$6,606,255
24$13,203,528$4,849,378$1,419,379$6,934,771
25$13,863,704$5,093,643$1,490,348$7,279,713
26$14,556,890$5,350,121$1,564,866$7,641,903
27$15,284,734$5,619,424$1,643,109$8,022,201
28$16,048,971$5,902,191$1,725,264$8,421,515
29$16,851,419$6,199,097$1,811,528$8,840,794
30$17,693,990$6,510,849$1,902,104$9,281,038
Total$285,600,001$104,594,167$30,702,001$150,303,831

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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.