USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Nov 28, 2022

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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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$262,203$89,905$472,710
2$866,060$277,462$94,400$494,197
3$909,363$293,484$99,121$516,758
4$954,831$310,308$104,077$540,447
5$1,002,572$327,972$109,280$565,320
6$1,052,701$346,520$114,744$591,437
7$1,105,336$365,995$120,482$618,860
8$1,160,603$386,443$126,506$647,654
9$1,218,633$407,914$132,831$677,887
10$1,279,564$430,459$139,473$709,633
11$1,343,543$454,131$146,446$742,965
12$1,410,720$478,987$153,768$777,965
13$1,481,256$505,085$161,457$814,714
14$1,555,319$532,488$169,530$853,301
15$1,633,084$561,262$178,006$893,817
16$1,714,739$591,474$186,907$936,359
17$1,800,476$623,196$196,252$981,028
18$1,890,499$656,505$206,064$1,027,930
19$1,985,024$691,479$216,368$1,077,177
20$2,084,276$728,202$227,186$1,128,887
21$2,188,489$766,761$238,545$1,183,183
22$2,297,914$807,248$250,473$1,240,193
23$2,412,810$849,760$262,996$1,300,054
24$2,533,450$894,397$276,146$1,362,907
25$2,660,123$941,266$289,953$1,428,904
26$2,793,129$990,478$304,451$1,498,200
27$2,932,785$1,042,151$319,674$1,570,961
28$3,079,424$1,096,407$335,657$1,647,360
29$3,233,396$1,153,377$352,440$1,727,579
30$3,395,065$1,213,194$370,062$1,811,809
Total$54,800,000$18,986,608$5,973,200$29,840,196

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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.