USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$39,453$226,268
2$376,429$101,297$41,031$234,101
3$391,486$106,567$42,672$242,247
4$407,146$112,048$44,379$250,719
5$423,431$117,748$46,154$259,529
6$440,369$123,676$48,000$268,692
7$457,983$129,841$49,920$278,222
8$476,303$136,253$51,917$288,133
9$495,355$142,921$53,994$298,440
10$515,169$149,856$56,153$309,159
11$535,776$157,069$58,400$320,308
12$557,207$164,570$60,736$331,902
13$579,495$172,371$63,165$343,960
14$602,675$180,484$65,692$356,500
15$626,782$188,930$68,319$369,533
16$651,853$198,206$71,052$382,595
17$677,927$207,853$73,894$396,180
18$705,045$217,887$76,850$410,308
19$733,246$228,321$79,924$425,001
20$762,576$239,173$83,121$440,282
21$793,079$250,460$86,446$456,174
22$824,802$262,197$89,903$472,702
23$857,795$274,404$93,500$489,891
24$892,106$287,100$97,240$507,767
25$927,791$300,303$101,129$526,359
26$964,902$314,034$105,174$545,694
27$1,003,498$328,315$109,381$565,802
28$1,043,638$343,166$113,757$586,715
29$1,085,384$358,612$118,307$608,465
30$1,128,799$374,676$123,039$631,084
Total$20,300,000$6,264,568$2,212,702$11,822,732

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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.