USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$457,107$2,226,698
2$4,361,385$1,571,900$475,391$2,314,094
3$4,535,840$1,636,449$494,407$2,404,985
4$4,717,274$1,703,579$514,183$2,499,512
5$4,905,965$1,773,395$534,750$2,597,820
6$5,102,203$1,846,003$556,140$2,700,060
7$5,306,292$1,921,516$578,386$2,806,390
8$5,518,543$2,000,049$601,521$2,916,973
9$5,739,285$2,081,723$625,582$3,031,980
10$5,968,856$2,166,665$650,605$3,151,586
11$6,207,611$2,255,004$676,630$3,275,977
12$6,455,915$2,346,876$703,695$3,405,344
13$6,714,152$2,442,424$731,843$3,539,885
14$6,982,718$2,541,793$761,116$3,679,808
15$7,262,026$2,645,138$791,561$3,825,328
16$7,552,507$2,752,616$823,223$3,976,669
17$7,854,608$2,864,393$856,152$4,134,063
18$8,168,792$2,980,641$890,398$4,297,753
19$8,495,544$3,101,539$926,014$4,467,991
20$8,835,366$3,227,273$963,055$4,645,038
21$9,188,780$3,358,036$1,001,577$4,829,167
22$9,556,331$3,494,030$1,041,640$5,020,661
23$9,938,585$3,635,464$1,083,306$5,219,815
24$10,336,128$3,782,555$1,126,638$5,426,935
25$10,749,573$3,935,530$1,171,703$5,642,340
26$11,179,556$4,094,623$1,218,572$5,866,361
27$11,626,738$4,260,081$1,267,314$6,099,343
28$12,091,808$4,432,157$1,318,007$6,341,644
29$12,575,480$4,611,115$1,370,727$6,593,637
30$13,078,499$4,797,233$1,425,556$6,855,710
Total$235,200,000$85,769,634$25,636,799$123,793,567

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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.