USA Mega

New York Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$97,174$507,454
2$927,165$300,071$101,061$526,033
3$964,252$313,793$105,103$545,355
4$1,002,822$328,064$109,308$565,450
5$1,042,935$342,906$113,680$586,349
6$1,084,652$358,342$118,227$608,083
7$1,128,038$374,394$122,956$630,688
8$1,173,160$391,089$127,874$654,196
9$1,220,086$408,452$132,989$678,645
10$1,268,890$426,509$138,309$704,071
11$1,319,645$445,289$143,841$730,515
12$1,372,431$464,820$149,595$758,016
13$1,427,328$485,132$155,579$786,618
14$1,484,421$506,256$161,802$816,363
15$1,543,798$528,226$168,274$847,299
16$1,605,550$551,074$175,005$879,471
17$1,669,772$574,836$182,005$912,931
18$1,736,563$599,549$189,285$947,729
19$1,806,025$625,250$196,857$983,919
20$1,878,266$651,979$204,731$1,021,557
21$1,953,397$679,777$212,920$1,060,700
22$2,031,533$708,687$221,437$1,101,408
23$2,112,794$738,754$230,295$1,143,746
24$2,197,306$770,024$239,506$1,187,776
25$2,285,198$802,544$249,087$1,233,568
26$2,376,606$836,365$259,050$1,281,192
27$2,471,671$871,538$269,412$1,330,720
28$2,570,537$908,119$280,189$1,382,230
29$2,673,359$946,163$291,396$1,435,800
30$2,780,293$985,729$303,052$1,491,513
Total$50,000,000$17,210,608$5,449,999$27,339,395

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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.