USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Sep 24, 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 $274,800,000 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, Sep 24, 2022
Jackpot:$274,800,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,136,134$1,488,557$450,839$2,196,738
2$4,342,941$1,565,076$473,381$2,304,485
3$4,560,088$1,645,420$497,050$2,417,618
4$4,788,093$1,729,782$521,902$2,536,409
5$5,027,497$1,818,362$547,997$2,661,138
6$5,278,872$1,911,370$575,397$2,792,105
7$5,542,816$2,009,030$604,167$2,929,619
8$5,819,956$2,111,572$634,375$3,074,010
9$6,110,954$2,219,241$666,094$3,225,619
10$6,416,502$2,332,293$699,399$3,384,810
11$6,737,327$2,450,999$734,369$3,551,960
12$7,074,193$2,575,639$771,087$3,727,467
13$7,427,903$2,706,512$809,641$3,911,750
14$7,799,298$2,843,928$850,124$4,105,247
15$8,189,263$2,988,215$892,630$4,308,418
16$8,598,726$3,139,717$937,261$4,521,749
17$9,028,663$3,298,793$984,124$4,745,745
18$9,480,096$3,465,823$1,033,330$4,980,942
19$9,954,100$3,641,205$1,084,997$5,227,899
20$10,451,806$3,825,356$1,139,247$5,487,203
21$10,974,396$4,018,714$1,196,209$5,759,472
22$11,523,116$4,221,741$1,256,020$6,045,355
23$12,099,271$4,434,918$1,318,821$6,345,533
24$12,704,235$4,658,755$1,384,762$6,660,719
25$13,339,447$4,893,783$1,454,000$6,991,664
26$14,006,419$5,140,563$1,526,700$7,339,157
27$14,706,740$5,399,682$1,603,035$7,704,024
28$15,442,077$5,671,756$1,683,186$8,087,134
29$16,214,181$5,957,435$1,767,346$8,489,400
30$17,024,890$6,257,397$1,855,713$8,911,780
Total$274,800,001$100,421,634$29,953,203$144,425,169

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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.