USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Dec 21, 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 $105,600,000 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, Dec 21, 2011
Jackpot:$105,600,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,882,858$654,845$205,232$1,022,782
2$1,958,173$682,712$213,441$1,062,020
3$2,036,500$711,693$221,978$1,102,829
4$2,117,960$741,833$230,858$1,145,269
5$2,202,678$773,179$240,092$1,189,408
6$2,290,785$805,778$249,696$1,235,311
7$2,382,417$839,682$259,683$1,283,051
8$2,477,713$874,942$270,071$1,332,701
9$2,576,822$911,612$280,874$1,384,336
10$2,679,895$949,749$292,109$1,438,037
11$2,787,090$989,411$303,793$1,493,886
12$2,898,574$1,030,660$315,945$1,551,969
13$3,014,517$1,073,559$328,582$1,612,376
14$3,135,098$1,118,174$341,726$1,675,198
15$3,260,502$1,164,573$355,395$1,740,534
16$3,390,922$1,212,829$369,610$1,808,482
17$3,526,559$1,263,014$384,395$1,879,149
18$3,667,621$1,315,207$399,771$1,952,643
19$3,814,326$1,369,488$415,762$2,029,076
20$3,966,899$1,425,940$432,392$2,108,567
21$4,125,575$1,484,650$449,688$2,191,237
22$4,290,598$1,545,709$467,675$2,277,214
23$4,462,222$1,609,210$486,382$2,366,630
24$4,640,711$1,675,251$505,837$2,459,622
25$4,826,339$1,743,933$526,071$2,556,335
26$5,019,393$1,815,363$547,114$2,656,916
27$5,220,168$1,889,650$568,998$2,761,520
28$5,428,975$1,966,908$591,758$2,870,308
29$5,646,134$2,047,257$615,429$2,983,448
30$5,871,979$2,130,820$640,046$3,101,113
Total$105,600,000$37,817,631$11,510,403$56,271,967

◄ 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.