USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jun 22, 2024

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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 $73,300,000 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, Jun 22, 2024
Jackpot:$73,300,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,103,270$365,230$120,256$617,784
2$1,158,434$385,641$126,269$646,524
3$1,216,355$407,072$132,583$676,701
4$1,277,173$429,574$139,212$708,387
5$1,341,032$453,202$146,172$741,657
6$1,408,083$478,011$153,481$776,591
7$1,478,488$504,061$161,155$813,272
8$1,552,412$531,413$169,213$851,786
9$1,630,033$560,132$177,674$892,227
10$1,711,534$590,288$186,557$934,689
11$1,797,111$621,951$195,885$979,275
12$1,886,966$655,198$205,679$1,026,089
13$1,981,315$690,107$215,963$1,075,245
14$2,080,381$726,761$226,761$1,126,858
15$2,184,400$765,248$238,100$1,181,052
16$2,293,620$805,659$250,005$1,237,956
17$2,408,300$848,091$262,505$1,297,704
18$2,528,715$892,645$275,630$1,360,441
19$2,655,151$939,426$289,411$1,426,314
20$2,787,909$988,547$303,882$1,495,480
21$2,927,304$1,040,123$319,076$1,568,105
22$3,073,669$1,094,278$335,030$1,644,362
23$3,227,353$1,151,141$351,781$1,724,431
24$3,388,721$1,210,847$369,371$1,808,503
25$3,558,157$1,273,538$387,839$1,896,779
26$3,736,064$1,339,364$407,231$1,989,469
27$3,922,868$1,408,481$427,593$2,086,794
28$4,119,011$1,481,054$448,972$2,188,985
29$4,324,962$1,557,256$471,421$2,296,285
30$4,541,210$1,637,268$494,992$2,408,950
Total$73,300,000$25,831,607$7,989,699$39,478,695

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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.