USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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:Sat, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$308,625$1,516,982
2$2,944,677$1,047,718$320,970$1,575,989
3$3,062,464$1,091,299$333,809$1,637,356
4$3,184,962$1,136,624$347,161$1,701,178
5$3,312,361$1,183,761$361,047$1,767,552
6$3,444,855$1,232,784$375,489$1,836,582
7$3,582,649$1,283,768$390,509$1,908,373
8$3,725,955$1,336,791$406,129$1,983,035
9$3,874,993$1,391,935$422,374$2,060,684
10$4,029,993$1,449,285$439,269$2,141,439
11$4,191,193$1,508,929$456,840$2,225,424
12$4,358,841$1,570,959$475,114$2,312,768
13$4,533,194$1,635,470$494,118$2,403,606
14$4,714,522$1,702,561$513,883$2,498,078
15$4,903,103$1,772,336$534,438$2,596,329
16$5,099,227$1,844,902$555,816$2,698,510
17$5,303,196$1,920,370$578,048$2,804,777
18$5,515,324$1,998,858$601,170$2,915,296
19$5,735,937$2,080,484$625,217$3,030,235
20$5,965,374$2,165,376$650,226$3,149,772
21$6,203,989$2,253,664$676,235$3,274,091
22$6,452,149$2,345,483$703,284$3,403,382
23$6,710,235$2,440,975$731,416$3,537,845
24$6,978,644$2,540,286$760,672$3,677,686
25$7,257,790$2,643,570$791,099$3,823,121
26$7,548,102$2,750,985$822,743$3,974,373
27$7,850,026$2,862,697$855,653$4,131,676
28$8,164,027$2,978,878$889,879$4,295,270
29$8,490,588$3,099,705$925,474$4,465,408
30$8,830,211$3,225,366$962,493$4,642,352
Total$158,800,000$57,501,632$17,309,200$83,989,169

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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.