USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Oct 26, 2011

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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 $173,900,000 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 26, 2011
Jackpot:$173,900,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,100,654$1,105,430$337,971$1,657,253
2$3,224,680$1,151,320$351,490$1,721,871
3$3,353,668$1,199,045$365,550$1,789,073
4$3,487,814$1,248,679$380,172$1,858,964
5$3,627,327$1,300,299$395,379$1,931,650
6$3,772,420$1,353,983$411,194$2,007,243
7$3,923,317$1,409,815$427,642$2,085,860
8$4,080,249$1,467,880$444,747$2,167,622
9$4,243,459$1,528,268$462,537$2,252,655
10$4,413,198$1,591,071$481,039$2,341,088
11$4,589,726$1,656,386$500,280$2,433,059
12$4,773,315$1,724,314$520,291$2,528,709
13$4,964,247$1,794,959$541,103$2,628,185
14$5,162,817$1,868,430$562,747$2,731,640
15$5,369,330$1,944,840$585,257$2,839,233
16$5,584,103$2,024,306$608,667$2,951,130
17$5,807,467$2,106,951$633,014$3,067,503
18$6,039,766$2,192,901$658,334$3,188,530
19$6,281,357$2,282,290$684,668$3,314,399
20$6,532,611$2,375,254$712,055$3,445,302
21$6,793,915$2,471,936$740,537$3,581,442
22$7,065,672$2,572,486$770,158$3,723,027
23$7,348,299$2,677,058$800,965$3,870,276
24$7,642,231$2,785,813$833,003$4,023,414
25$7,947,920$2,898,918$866,323$4,182,679
26$8,265,837$3,016,547$900,976$4,348,313
27$8,596,470$3,138,882$937,015$4,520,573
28$8,940,329$3,266,109$974,496$4,699,724
29$9,297,942$3,398,426$1,013,476$4,886,040
30$9,669,860$3,536,036$1,054,015$5,079,809
Total$173,900,000$63,088,632$18,955,101$91,856,266

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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.