USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2025 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 $179,700,000 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:Wed, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,142,526$349,244$1,712,300
2$3,332,232$1,189,946$363,213$1,779,072
3$3,465,521$1,239,263$377,742$1,848,516
4$3,604,142$1,290,553$392,851$1,920,738
5$3,748,307$1,343,894$408,565$1,995,848
6$3,898,240$1,399,369$424,908$2,073,963
7$4,054,169$1,457,063$441,904$2,155,202
8$4,216,336$1,517,065$459,581$2,239,691
9$4,384,989$1,579,466$477,964$2,327,559
10$4,560,389$1,644,364$497,082$2,418,942
11$4,742,805$1,711,858$516,966$2,513,981
12$4,932,517$1,782,051$537,644$2,612,821
13$5,129,817$1,855,053$559,150$2,715,615
14$5,335,010$1,930,974$581,516$2,822,520
15$5,548,411$2,009,932$604,777$2,933,702
16$5,770,347$2,092,049$628,968$3,049,330
17$6,001,161$2,177,450$654,127$3,169,585
18$6,241,207$2,266,267$680,292$3,294,649
19$6,490,856$2,358,637$707,503$3,424,715
20$6,750,490$2,454,701$735,803$3,559,985
21$7,020,509$2,554,609$765,236$3,700,665
22$7,301,330$2,658,512$795,845$3,846,973
23$7,593,383$2,766,572$827,679$3,999,132
24$7,897,118$2,878,954$860,786$4,157,378
25$8,213,003$2,995,831$895,217$4,321,954
26$8,541,523$3,117,384$931,026$4,493,113
27$8,883,184$3,243,798$968,267$4,671,119
28$9,238,511$3,375,269$1,006,998$4,856,244
29$9,608,052$3,511,999$1,047,278$5,048,775
30$9,992,374$3,654,199$1,089,169$5,249,007
Total$179,700,000$65,199,608$19,587,301$94,913,094

◄ 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.