USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Sep 30, 1992

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The tax information provided here is based on 2026 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 $14,300,000 for a ticket purchased in New York, 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 York

Drawing Date:Wed, Sep 30, 1992
Jackpot:$14,300,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$254,970$58,047$27,792$169,132
2$265,169$61,578$28,903$174,687
3$275,776$65,291$30,060$180,426
4$286,807$69,152$31,262$186,393
5$298,279$73,167$32,512$192,600
6$310,210$77,343$33,813$199,055
7$322,619$81,686$35,165$205,768
8$335,524$86,203$36,572$212,749
9$348,945$90,900$38,035$220,010
10$362,902$95,785$39,556$227,561
11$377,419$100,866$41,139$235,414
12$392,515$106,150$42,784$243,581
13$408,216$111,645$44,496$252,076
14$424,544$117,360$46,275$260,909
15$441,526$123,303$48,126$270,096
16$459,187$129,485$50,051$279,651
17$477,555$135,913$52,053$289,588
18$496,657$142,599$54,136$299,922
19$516,523$149,552$56,301$310,670
20$537,184$156,784$58,553$321,847
21$558,672$164,304$60,895$333,472
22$581,018$172,126$63,331$345,562
23$604,259$180,260$65,864$358,135
24$628,430$188,720$68,499$371,211
25$653,567$197,777$71,239$384,551
26$679,709$207,450$74,088$398,171
27$706,898$217,509$77,052$412,336
28$735,174$227,972$80,134$427,068
29$764,581$238,852$83,339$442,389
30$795,164$250,168$86,673$458,323
Total$14,300,000$4,077,947$1,558,698$8,663,353

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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.