USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Sep 7, 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 $108,800,000 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, Sep 7, 2011
Jackpot:$108,800,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,939,915$675,956$211,451$1,052,508
2$2,017,511$704,667$219,909$1,092,936
3$2,098,212$734,526$228,705$1,134,981
4$2,182,140$765,580$237,853$1,178,707
5$2,269,426$797,875$247,367$1,224,183
6$2,360,203$831,463$257,262$1,271,478
7$2,454,611$866,394$267,553$1,320,665
8$2,552,796$902,722$278,255$1,371,819
9$2,654,907$940,503$289,385$1,425,019
10$2,761,104$979,796$300,960$1,480,347
11$2,871,548$1,020,660$312,999$1,537,889
12$2,986,410$1,063,159$325,519$1,597,732
13$3,105,866$1,107,358$338,539$1,659,968
14$3,230,101$1,153,325$352,081$1,724,695
15$3,359,305$1,201,131$366,164$1,792,010
16$3,493,677$1,250,848$380,811$1,862,018
17$3,633,424$1,302,555$396,043$1,934,826
18$3,778,761$1,356,329$411,885$2,010,547
19$3,929,911$1,412,255$428,360$2,089,296
20$4,087,108$1,470,418$445,495$2,171,195
21$4,250,592$1,530,907$463,315$2,256,371
22$4,420,616$1,593,816$481,847$2,344,953
23$4,597,441$1,659,241$501,121$2,437,079
24$4,781,338$1,727,283$521,166$2,532,889
25$4,972,592$1,798,047$542,012$2,632,532
26$5,171,495$1,871,641$563,693$2,736,161
27$5,378,355$1,948,179$586,241$2,843,935
28$5,593,489$2,027,779$609,690$2,956,020
29$5,817,229$2,110,562$634,078$3,072,589
30$6,049,918$2,196,657$659,441$3,193,820
Total$108,800,000$39,001,632$11,859,200$57,939,168

◄ 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.