USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Sep 19, 2015

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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 $211,500,000 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, Sep 19, 2015
Jackpot:$211,500,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,771,066$1,352,315$411,046$2,007,705
2$3,921,909$1,408,126$427,488$2,086,294
3$4,078,785$1,466,171$444,588$2,168,027
4$4,241,936$1,526,537$462,371$2,253,029
5$4,411,614$1,589,317$480,866$2,341,431
6$4,588,078$1,654,609$500,101$2,433,369
7$4,771,601$1,722,513$520,105$2,528,984
8$4,962,466$1,793,133$540,909$2,628,424
9$5,160,964$1,866,577$562,545$2,731,842
10$5,367,403$1,942,959$585,047$2,839,397
11$5,582,099$2,022,397$608,449$2,951,253
12$5,805,383$2,105,012$632,787$3,067,584
13$6,037,598$2,190,932$658,098$3,188,568
14$6,279,102$2,280,288$684,422$3,314,392
15$6,530,266$2,373,219$711,799$3,445,248
16$6,791,477$2,469,867$740,271$3,581,339
17$7,063,136$2,570,381$769,882$3,722,874
18$7,345,661$2,674,915$800,677$3,870,069
19$7,639,488$2,783,631$832,704$4,023,153
20$7,945,067$2,896,695$866,012$4,182,360
21$8,262,870$3,014,282$900,653$4,347,935
22$8,593,385$3,136,573$936,679$4,520,133
23$8,937,120$3,263,755$974,146$4,699,219
24$9,294,605$3,396,024$1,013,112$4,885,469
25$9,666,389$3,533,584$1,053,636$5,079,168
26$10,053,045$3,676,647$1,095,782$5,280,616
27$10,455,166$3,825,432$1,139,613$5,490,121
28$10,873,373$3,980,168$1,185,198$5,708,007
29$11,308,308$4,141,094$1,232,606$5,934,608
30$11,760,640$4,308,457$1,281,910$6,170,273
Total$211,500,000$76,965,610$23,053,502$111,480,891

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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.