USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Sep 19, 2001

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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 $36,500,000 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:Wed, Sep 19, 2001
Jackpot:$36,500,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$650,799$196,753$70,937$383,109
2$676,831$206,385$73,775$396,671
3$703,904$216,402$76,726$410,777
4$732,060$226,819$79,795$425,446
5$761,342$237,654$82,986$440,702
6$791,796$248,922$86,306$456,568
7$823,468$260,640$89,758$473,070
8$856,407$272,828$93,348$490,231
9$890,663$285,503$97,082$508,078
10$926,289$298,684$100,966$526,640
11$963,341$312,393$105,004$545,943
12$1,001,875$326,651$109,204$566,019
13$1,041,950$341,479$113,573$586,898
14$1,083,628$356,899$118,115$608,613
15$1,126,973$372,937$122,840$631,195
16$1,172,052$389,616$127,754$654,682
17$1,218,934$406,963$132,864$679,107
18$1,267,691$425,003$138,178$704,510
19$1,318,399$443,765$143,705$730,928
20$1,371,135$463,277$149,454$758,404
21$1,425,980$483,570$155,432$786,978
22$1,483,019$504,674$161,649$816,696
23$1,542,340$526,623$168,115$847,602
24$1,604,033$549,450$174,840$879,744
25$1,668,195$573,189$181,833$913,172
26$1,734,923$597,879$189,107$947,937
27$1,804,320$623,555$196,671$984,093
28$1,876,492$650,259$204,538$1,021,695
29$1,951,552$678,031$212,719$1,060,801
30$2,029,614$706,914$221,228$1,101,472
Total$36,500,000$12,183,717$3,978,502$20,337,781

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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.