USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Nov 2, 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 $254,200,000 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, Nov 2, 2011
Jackpot:$254,200,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,532,411$1,635,180$494,033$2,403,198
2$4,713,708$1,702,260$513,794$2,497,654
3$4,902,256$1,772,022$534,346$2,595,888
4$5,098,346$1,844,576$555,720$2,698,051
5$5,302,280$1,920,031$577,949$2,804,300
6$5,514,371$1,998,505$601,066$2,914,800
7$5,734,946$2,080,118$625,109$3,029,719
8$5,964,344$2,164,995$650,113$3,149,235
9$6,202,918$2,253,267$676,118$3,273,532
10$6,451,034$2,345,070$703,163$3,402,801
11$6,709,076$2,440,546$731,289$3,537,241
12$6,977,439$2,539,840$760,541$3,677,058
13$7,256,536$2,643,106$790,962$3,822,468
14$7,546,798$2,750,503$822,601$3,973,694
15$7,848,670$2,862,196$855,505$4,130,969
16$8,162,617$2,978,356$889,725$4,294,535
17$8,489,121$3,099,163$925,314$4,464,644
18$8,828,686$3,224,802$962,327$4,641,558
19$9,181,833$3,355,466$1,000,820$4,825,547
20$9,549,107$3,491,357$1,040,853$5,016,897
21$9,931,071$3,632,684$1,082,487$5,215,900
22$10,328,314$3,779,664$1,125,786$5,422,864
23$10,741,446$3,932,523$1,170,818$5,638,106
24$11,171,104$4,091,496$1,217,650$5,861,958
25$11,617,949$4,256,829$1,266,356$6,094,763
26$12,082,666$4,428,774$1,317,011$6,336,881
27$12,565,973$4,607,598$1,369,691$6,588,684
28$13,068,612$4,793,574$1,424,479$6,850,559
29$13,591,357$4,986,990$1,481,458$7,122,909
30$14,135,011$5,188,142$1,540,716$7,406,153
Total$254,200,000$92,799,633$27,707,800$133,692,566

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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.