USA Mega

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

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The tax information provided here is based on 2022 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$1,148,460$349,244$1,706,365
2$3,332,232$1,195,881$363,213$1,773,138
3$3,465,521$1,245,198$377,742$1,842,581
4$3,604,142$1,296,487$392,851$1,914,803
5$3,748,307$1,349,829$408,565$1,989,913
6$3,898,240$1,405,304$424,908$2,068,028
7$4,054,169$1,462,998$441,904$2,149,267
8$4,216,336$1,522,999$459,581$2,233,756
9$4,384,989$1,585,401$477,964$2,321,624
10$4,560,389$1,650,299$497,082$2,413,008
11$4,742,805$1,717,793$516,966$2,508,046
12$4,932,517$1,787,986$537,644$2,606,886
13$5,129,817$1,860,987$559,150$2,709,680
14$5,335,010$1,936,909$581,516$2,816,585
15$5,548,411$2,015,867$604,777$2,927,767
16$5,770,347$2,097,983$628,968$3,043,396
17$6,001,161$2,183,384$654,127$3,163,650
18$6,241,207$2,272,202$680,292$3,288,714
19$6,490,856$2,364,572$707,503$3,418,781
20$6,750,490$2,460,636$735,803$3,554,050
21$7,020,509$2,560,543$765,236$3,694,730
22$7,301,330$2,664,447$795,845$3,841,038
23$7,593,383$2,772,507$827,679$3,993,197
24$7,897,118$2,884,889$860,786$4,151,444
25$8,213,003$3,001,766$895,217$4,316,020
26$8,541,523$3,123,319$931,026$4,487,179
27$8,883,184$3,249,733$968,267$4,665,184
28$9,238,511$3,381,204$1,006,998$4,850,309
29$9,608,052$3,517,934$1,047,278$5,042,840
30$9,992,374$3,660,133$1,089,169$5,243,072
Total$179,700,000$65,377,650$19,587,301$94,735,051

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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.