USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jun 20, 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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$155,478$784,971
2$1,483,464$507,070$161,698$814,697
3$1,542,803$529,025$168,166$845,613
4$1,604,515$551,858$174,892$877,765
5$1,668,696$575,605$181,888$911,203
6$1,735,443$600,302$189,163$945,978
7$1,804,861$625,986$196,730$982,145
8$1,877,056$652,698$204,599$1,019,758
9$1,952,138$680,479$212,783$1,058,876
10$2,030,223$709,370$221,294$1,099,559
11$2,111,432$739,418$230,146$1,141,868
12$2,195,889$770,667$239,352$1,185,871
13$2,283,725$803,166$248,926$1,231,633
14$2,375,074$836,965$258,883$1,279,226
15$2,470,077$872,116$269,238$1,328,722
16$2,568,880$908,673$280,008$1,380,199
17$2,671,635$946,693$291,208$1,433,734
18$2,778,501$986,233$302,857$1,489,411
19$2,889,641$1,027,355$314,971$1,547,315
20$3,005,226$1,070,122$327,570$1,607,535
21$3,125,435$1,114,599$340,672$1,670,164
22$3,250,453$1,160,855$354,299$1,735,298
23$3,380,471$1,208,962$368,471$1,803,038
24$3,515,690$1,258,993$383,210$1,873,487
25$3,656,317$1,311,025$398,539$1,946,754
26$3,802,570$1,365,139$414,480$2,022,951
27$3,954,673$1,421,417$431,059$2,102,197
28$4,112,860$1,479,946$448,302$2,184,612
29$4,277,374$1,540,816$466,234$2,270,324
30$4,448,469$1,604,121$484,883$2,359,465
Total$80,000,000$28,345,633$8,719,999$42,934,369

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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.