USA Mega

New York Powerball Jackpot Annuity Payout Schedule for May 25, 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 $144,200,000 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, May 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$909,495$280,250$1,381,356
2$2,673,944$947,547$291,460$1,434,937
3$2,780,902$987,122$303,118$1,490,662
4$2,892,138$1,028,279$315,243$1,548,616
5$3,007,824$1,071,083$327,853$1,608,888
6$3,128,137$1,115,598$340,967$1,671,571
7$3,253,262$1,161,895$354,606$1,736,762
8$3,383,393$1,210,043$368,790$1,804,560
9$3,518,728$1,260,117$383,541$1,875,070
10$3,659,477$1,312,194$398,883$1,948,400
11$3,805,857$1,366,355$414,838$2,024,663
12$3,958,091$1,422,681$431,432$2,103,978
13$4,116,414$1,481,261$448,689$2,186,464
14$4,281,071$1,542,184$466,637$2,272,250
15$4,452,314$1,605,544$485,302$2,361,468
16$4,630,406$1,671,438$504,714$2,454,254
17$4,815,623$1,739,968$524,903$2,550,752
18$5,008,248$1,811,239$545,899$2,651,109
19$5,208,577$1,885,361$567,735$2,755,481
20$5,416,921$1,962,448$590,444$2,864,028
21$5,633,597$2,042,619$614,062$2,976,916
22$5,858,941$2,125,996$638,625$3,094,321
23$6,093,299$2,212,708$664,170$3,216,421
24$6,337,031$2,302,889$690,736$3,343,405
25$6,590,512$2,396,677$718,366$3,475,469
26$6,854,133$2,494,217$747,100$3,612,815
27$7,128,298$2,595,658$776,984$3,755,655
28$7,413,430$2,701,157$808,064$3,904,209
29$7,709,967$2,810,876$840,386$4,058,705
30$8,018,366$2,924,983$874,002$4,219,381
Total$144,200,000$52,099,632$15,717,799$76,382,566

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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.