USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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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 $209,200,000 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:Sat, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$406,576$1,986,339
2$3,879,259$1,392,346$422,839$2,064,074
3$4,034,429$1,449,759$439,753$2,144,917
4$4,195,807$1,509,469$457,343$2,228,995
5$4,363,639$1,571,567$475,637$2,316,436
6$4,538,184$1,636,148$494,662$2,407,374
7$4,719,712$1,703,314$514,449$2,501,950
8$4,908,500$1,773,165$535,027$2,600,308
9$5,104,840$1,845,811$556,428$2,702,601
10$5,309,034$1,921,363$578,685$2,808,986
11$5,521,395$1,999,936$601,832$2,919,627
12$5,742,251$2,081,653$625,905$3,034,693
13$5,971,941$2,166,638$650,942$3,154,361
14$6,210,819$2,255,023$676,979$3,278,816
15$6,459,251$2,346,943$704,058$3,408,250
16$6,717,621$2,442,540$732,221$3,542,861
17$6,986,326$2,541,961$761,510$3,682,856
18$7,265,779$2,645,359$791,970$3,828,451
19$7,556,411$2,752,892$823,649$3,979,870
20$7,858,667$2,864,727$856,595$4,137,345
21$8,173,014$2,981,035$890,858$4,301,120
22$8,499,934$3,101,996$926,493$4,471,445
23$8,839,932$3,227,795$963,553$4,648,584
24$9,193,529$3,358,626$1,002,095$4,832,808
25$9,561,270$3,494,690$1,042,178$5,024,401
26$9,943,721$3,636,197$1,083,866$5,223,658
27$10,341,470$3,783,364$1,127,220$5,430,885
28$10,755,128$3,936,418$1,172,309$5,646,402
29$11,185,334$4,095,594$1,219,201$5,870,539
30$11,632,747$4,261,137$1,267,969$6,103,641
Total$209,200,000$76,114,607$22,802,802$110,282,593

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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.