USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$1,037,848$4,997,766
2$9,997,615$3,662,072$1,089,740$5,245,802
3$10,497,495$3,847,028$1,144,227$5,506,240
4$11,022,371$4,041,232$1,201,438$5,779,700
5$11,573,488$4,245,146$1,261,510$6,066,833
6$12,152,163$4,459,255$1,324,586$6,368,322
7$12,759,772$4,684,071$1,390,815$6,684,886
8$13,397,760$4,920,126$1,460,356$7,017,278
9$14,067,648$5,167,985$1,533,374$7,366,290
10$14,771,030$5,428,236$1,610,042$7,732,752
11$15,509,582$5,701,500$1,690,544$8,117,537
12$16,285,061$5,988,428$1,775,072$8,521,562
13$17,099,314$6,289,701$1,863,825$8,945,788
14$17,954,280$6,606,039$1,957,017$9,391,225
15$18,851,994$6,938,193$2,054,867$9,858,934
16$19,794,594$7,286,955$2,157,611$10,350,028
17$20,784,323$7,653,154$2,265,491$10,865,677
18$21,823,539$8,037,664$2,378,766$11,407,109
19$22,914,716$8,441,400$2,497,704$11,975,612
20$24,060,452$8,865,322$2,622,589$12,572,540
21$25,263,474$9,310,441$2,753,719$13,199,315
22$26,526,648$9,777,815$2,891,405$13,857,429
23$27,852,981$10,268,558$3,035,975$14,548,448
24$29,245,629$10,783,838$3,187,774$15,274,018
25$30,707,911$11,324,882$3,347,162$16,035,867
26$32,243,307$11,892,979$3,514,520$16,835,808
27$33,855,472$12,489,480$3,690,246$17,675,746
28$35,548,245$13,115,806$3,874,759$18,557,681
29$37,325,658$13,773,448$4,068,497$19,483,713
30$39,191,941$14,463,973$4,271,922$20,456,046
Total$632,600,001$232,950,651$68,953,401$330,695,952

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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.