USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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 prize money, as well as deductions claimed.

State:

New York

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$734,664$3,548,602
2$7,077,034$2,581,458$771,397$3,724,180
3$7,430,886$2,712,383$809,967$3,908,537
4$7,802,430$2,849,854$850,465$4,102,111
5$8,192,552$2,994,199$892,988$4,305,364
6$8,602,179$3,145,761$937,638$4,518,780
7$9,032,289$3,304,902$984,519$4,742,867
8$9,483,903$3,471,999$1,033,745$4,978,158
9$9,958,098$3,647,451$1,085,433$5,225,214
10$10,456,003$3,831,676$1,139,704$5,484,622
11$10,978,803$4,025,112$1,196,690$5,757,001
12$11,527,743$4,228,220$1,256,524$6,042,999
13$12,104,130$4,441,483$1,319,350$6,343,297
14$12,709,337$4,665,410$1,385,318$6,658,610
15$13,344,804$4,900,532$1,454,584$6,989,688
16$14,012,044$5,147,411$1,527,313$7,337,320
17$14,712,646$5,406,634$1,603,678$7,702,334
18$15,448,278$5,678,818$1,683,862$8,085,598
19$16,220,692$5,964,611$1,768,055$8,488,026
20$17,031,727$6,264,694$1,856,458$8,910,575
21$17,883,313$6,579,781$1,949,281$9,354,251
22$18,777,479$6,910,622$2,046,745$9,820,111
23$19,716,353$7,258,006$2,149,082$10,309,265
24$20,702,170$7,622,758$2,256,537$10,822,876
25$21,737,279$8,005,748$2,369,363$11,362,167
26$22,824,143$8,407,888$2,487,832$11,928,424
27$23,965,350$8,830,135$2,612,223$12,522,992
28$25,163,617$9,273,493$2,742,834$13,147,290
29$26,421,798$9,739,020$2,879,976$13,802,802
30$27,742,888$10,227,824$3,023,975$14,491,090
Total$447,800,001$164,574,650$48,810,200$234,415,151

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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.