USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

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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 $77,300,000 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:Sat, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$150,231$761,057
2$1,433,397$487,377$156,240$789,780
3$1,490,733$508,592$162,490$819,652
4$1,550,363$530,654$168,990$850,719
5$1,612,377$553,600$175,749$883,028
6$1,676,872$577,463$182,779$916,630
7$1,743,947$602,281$190,090$951,576
8$1,813,705$628,091$197,694$987,920
9$1,886,253$654,934$205,602$1,025,718
10$1,961,703$682,850$213,826$1,065,027
11$2,040,171$711,884$222,379$1,105,909
12$2,121,778$742,078$231,274$1,148,426
13$2,206,649$773,481$240,525$1,192,644
14$2,294,915$806,139$250,146$1,238,631
15$2,386,712$840,104$260,152$1,286,457
16$2,482,180$875,427$270,558$1,336,196
17$2,581,468$912,163$281,380$1,387,924
18$2,684,726$950,369$292,635$1,441,722
19$2,792,115$990,103$304,341$1,497,672
20$2,903,800$1,031,426$316,514$1,555,860
21$3,019,952$1,074,402$329,175$1,616,375
22$3,140,750$1,119,098$342,342$1,679,311
23$3,266,380$1,165,581$356,035$1,744,764
24$3,397,035$1,213,923$370,277$1,812,835
25$3,532,917$1,264,199$385,088$1,883,629
26$3,674,233$1,316,487$400,491$1,957,255
27$3,821,203$1,370,865$416,511$2,033,826
28$3,974,051$1,427,419$433,172$2,113,460
29$4,133,013$1,486,235$450,498$2,196,279
30$4,298,333$1,547,404$468,518$2,282,411
Total$77,300,000$27,311,608$8,425,702$41,562,693

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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.