USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Dec 17, 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 $89,700,000 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, Dec 17, 2011
Jackpot:$89,700,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,599,360$549,951$174,330$875,079
2$1,663,334$573,621$181,303$908,409
3$1,729,868$598,239$188,556$943,073
4$1,799,062$623,841$196,098$979,124
5$1,871,025$650,467$203,942$1,016,616
6$1,945,866$678,158$212,099$1,055,608
7$2,023,700$706,957$220,583$1,096,160
8$2,104,649$736,908$229,407$1,138,334
9$2,188,834$768,056$238,583$1,182,195
10$2,276,388$800,451$248,126$1,227,810
11$2,367,443$834,142$258,051$1,275,250
12$2,462,141$869,180$268,373$1,324,588
13$2,560,627$905,620$279,108$1,375,899
14$2,663,052$943,517$290,273$1,429,262
15$2,769,574$982,930$301,884$1,484,760
16$2,880,357$1,023,920$313,959$1,542,478
17$2,995,571$1,066,549$326,517$1,602,505
18$3,115,394$1,110,884$339,578$1,664,932
19$3,240,010$1,156,991$353,161$1,729,857
20$3,369,610$1,204,943$367,287$1,797,379
21$3,504,394$1,254,814$381,979$1,867,602
22$3,644,570$1,306,679$397,258$1,940,633
23$3,790,353$1,360,618$413,148$2,016,586
24$3,941,967$1,416,716$429,674$2,095,577
25$4,099,646$1,475,057$446,861$2,177,728
26$4,263,632$1,535,731$464,736$2,263,164
27$4,434,177$1,598,833$483,325$2,352,018
28$4,611,544$1,664,459$502,658$2,444,427
29$4,796,006$1,732,710$522,765$2,540,531
30$4,987,846$1,803,691$543,675$2,640,480
Total$89,700,000$31,934,633$9,777,297$47,988,064

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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.