USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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 money, as well as deductions claimed.

State:

New York

Drawing Date:Sat, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,546,673$762,554$3,686,680
2$7,345,702$2,676,098$800,682$3,868,923
3$7,712,987$2,811,993$840,716$4,060,279
4$8,098,637$2,954,683$882,751$4,261,202
5$8,503,569$3,104,508$926,889$4,472,171
6$8,928,747$3,261,824$973,233$4,693,689
7$9,375,185$3,427,006$1,021,895$4,926,283
8$9,843,944$3,600,447$1,072,990$5,170,507
9$10,336,141$3,782,560$1,126,639$5,426,942
10$10,852,948$3,973,779$1,182,971$5,696,198
11$11,395,595$4,174,558$1,242,120$5,978,918
12$11,965,375$4,385,377$1,304,226$6,275,773
13$12,563,644$4,606,736$1,369,437$6,587,471
14$13,191,826$4,839,163$1,437,909$6,914,754
15$13,851,417$5,083,212$1,509,804$7,258,401
16$14,543,988$5,339,463$1,585,295$7,619,230
17$15,271,188$5,608,527$1,664,559$7,998,101
18$16,034,747$5,891,044$1,747,787$8,395,915
19$16,836,484$6,187,687$1,835,177$8,813,621
20$17,678,309$6,499,162$1,926,936$9,252,211
21$18,562,224$6,826,211$2,023,282$9,712,731
22$19,490,335$7,169,612$2,124,447$10,196,277
23$20,464,852$7,530,183$2,230,669$10,704,000
24$21,488,094$7,908,783$2,342,202$11,237,109
25$22,562,499$8,306,312$2,459,312$11,796,874
26$23,690,625$8,723,719$2,582,278$12,384,628
27$24,875,156$9,161,995$2,711,392$13,001,768
28$26,118,913$9,622,186$2,846,962$13,649,766
29$27,424,859$10,105,386$2,989,310$14,330,164
30$28,796,102$10,612,746$3,138,775$15,044,581
Total$464,800,001$170,721,633$50,663,199$243,415,167

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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.