USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Oct 12, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $87,200,000 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 12, 2011
Jackpot:$87,200,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,554,785$533,458$169,472$851,855
2$1,616,976$556,469$176,250$884,257
3$1,681,655$580,400$183,300$917,955
4$1,748,921$605,289$190,632$953,000
5$1,818,878$631,173$198,258$989,448
6$1,891,633$658,092$206,188$1,027,353
7$1,967,299$686,088$214,436$1,066,775
8$2,045,991$715,204$223,013$1,107,773
9$2,127,830$745,485$231,933$1,150,412
10$2,212,943$776,977$241,211$1,194,756
11$2,301,461$809,728$250,859$1,240,873
12$2,393,520$843,790$260,894$1,288,836
13$2,489,260$879,214$271,329$1,338,717
14$2,588,831$916,055$282,183$1,390,593
15$2,692,384$954,370$293,470$1,444,544
16$2,800,079$994,217$305,209$1,500,654
17$2,912,082$1,035,658$317,417$1,559,007
18$3,028,566$1,078,757$330,114$1,619,695
19$3,149,708$1,123,580$343,318$1,682,810
20$3,275,697$1,170,196$357,051$1,748,450
21$3,406,725$1,218,676$371,333$1,816,716
22$3,542,994$1,269,095$386,186$1,887,712
23$3,684,713$1,321,532$401,634$1,961,548
24$3,832,102$1,376,065$417,699$2,038,337
25$3,985,386$1,432,781$434,407$2,118,198
26$4,144,801$1,491,764$451,783$2,201,254
27$4,310,593$1,553,107$469,855$2,287,631
28$4,483,017$1,616,904$488,649$2,377,464
29$4,662,338$1,683,253$508,195$2,470,890
30$4,848,831$1,752,255$528,523$2,568,053
Total$87,200,000$31,009,632$9,504,801$46,685,566

◄ Back to Jackpot Analysis

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.