USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Nov 4, 2000

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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 $47,500,000 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:Sat, Nov 4, 2000
Jackpot:$47,500,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$846,930$269,321$92,315$485,293
2$880,807$281,856$96,008$502,943
3$916,039$294,892$99,848$521,299
4$952,681$308,449$103,842$540,389
5$990,788$322,549$107,996$560,243
6$1,030,419$337,212$112,316$580,891
7$1,071,636$352,463$116,808$602,365
8$1,114,502$368,323$121,481$624,698
9$1,159,082$384,818$126,340$647,924
10$1,205,445$401,972$131,394$672,080
11$1,253,663$419,813$136,649$697,201
12$1,303,809$438,367$142,115$723,327
13$1,355,962$457,663$147,800$750,499
14$1,410,200$477,731$153,712$778,757
15$1,466,608$498,602$159,860$808,146
16$1,525,273$520,308$166,255$838,710
17$1,586,283$542,882$172,905$870,496
18$1,649,735$566,359$179,821$903,555
19$1,715,724$590,775$187,014$937,935
20$1,784,353$616,168$194,494$973,691
21$1,855,727$642,576$202,274$1,010,877
22$1,929,956$670,041$210,365$1,049,550
23$2,007,155$698,604$218,780$1,089,770
24$2,087,441$728,310$227,531$1,131,599
25$2,170,938$759,204$236,632$1,175,102
26$2,257,776$791,334$246,098$1,220,344
27$2,348,087$824,749$255,941$1,267,396
28$2,442,011$859,501$266,179$1,316,330
29$2,539,691$895,643$276,826$1,367,222
30$2,641,279$933,230$287,899$1,420,149
Total$47,500,000$16,253,715$5,177,498$26,068,781

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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.