USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Mar 27, 2023

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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 $122,200,000 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, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$643,491$200,482$995,313
2$1,931,250$677,517$210,506$1,043,226
3$2,027,812$713,245$221,032$1,093,535
4$2,129,203$750,760$232,083$1,146,360
5$2,235,663$790,150$243,687$1,201,825
6$2,347,446$831,510$255,872$1,260,064
7$2,464,818$874,938$268,665$1,321,215
8$2,588,059$920,537$282,098$1,385,424
9$2,717,462$968,416$296,203$1,452,843
10$2,853,335$1,018,689$311,014$1,523,633
11$2,996,002$1,071,476$326,564$1,597,962
12$3,145,802$1,126,902$342,892$1,676,008
13$3,303,092$1,185,099$360,037$1,757,956
14$3,468,247$1,246,206$378,039$1,844,002
15$3,641,659$1,310,369$396,941$1,934,349
16$3,823,742$1,377,740$416,788$2,029,215
17$4,014,929$1,448,479$437,627$2,128,823
18$4,215,676$1,522,755$459,509$2,233,412
19$4,426,460$1,600,745$482,484$2,343,230
20$4,647,783$1,682,635$506,608$2,458,540
21$4,880,172$1,768,619$531,939$2,579,614
22$5,124,180$1,858,902$558,536$2,706,743
23$5,380,389$1,953,699$586,462$2,840,228
24$5,649,409$2,053,236$615,786$2,980,387
25$5,931,879$2,157,750$646,575$3,127,554
26$6,228,473$2,267,490$678,904$3,282,080
27$6,539,897$2,382,717$712,849$3,444,331
28$6,866,892$2,503,705$748,491$3,614,695
29$7,210,236$2,630,742$785,916$3,793,578
30$7,570,748$2,764,132$825,212$3,981,405
Total$122,200,000$44,102,651$13,319,801$64,777,550

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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.