USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Nov 6, 2023

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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 $181,900,000 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 6, 2023
Jackpot:$181,900,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,737,856$970,027$298,426$1,469,403
2$2,874,749$1,020,677$313,348$1,540,724
3$3,018,486$1,073,860$329,015$1,615,611
4$3,169,411$1,129,702$345,466$1,694,243
5$3,327,881$1,188,336$362,739$1,776,806
6$3,494,275$1,249,902$380,876$1,863,497
7$3,668,989$1,314,546$399,920$1,954,523
8$3,852,438$1,382,422$419,916$2,050,100
9$4,045,060$1,453,693$440,912$2,150,456
10$4,247,313$1,528,526$462,957$2,255,830
11$4,459,679$1,607,101$486,105$2,366,473
12$4,682,663$1,689,606$510,410$2,482,647
13$4,916,796$1,776,235$535,931$2,604,631
14$5,162,636$1,867,196$562,727$2,732,713
15$5,420,768$1,962,704$590,864$2,867,200
16$5,691,806$2,062,989$620,407$3,008,411
17$5,976,396$2,168,287$651,427$3,156,682
18$6,275,216$2,278,850$683,999$3,312,367
19$6,588,977$2,394,942$718,198$3,475,837
20$6,918,426$2,516,838$754,108$3,647,480
21$7,264,347$2,644,829$791,814$3,827,705
22$7,627,564$2,779,219$831,405$4,016,941
23$8,008,943$2,920,329$872,975$4,215,639
24$8,409,390$3,068,494$916,623$4,424,272
25$8,829,859$3,224,068$962,455$4,643,336
26$9,271,352$3,387,421$1,010,577$4,873,354
27$9,734,920$3,558,941$1,061,106$5,114,873
28$10,221,666$3,739,037$1,114,162$5,368,468
29$10,732,749$3,928,137$1,169,870$5,634,742
30$11,269,387$4,126,693$1,228,363$5,914,330
Total$181,900,000$66,013,607$19,827,101$96,059,294

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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.