USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Sep 21, 2024

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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 $196,800,000 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 21, 2024
Jackpot:$196,800,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,962,122$1,054,173$322,871$1,585,078
2$3,110,229$1,108,972$339,015$1,662,241
3$3,265,740$1,166,512$355,966$1,743,263
4$3,429,027$1,226,928$373,764$1,828,335
5$3,600,478$1,290,365$392,452$1,917,661
6$3,780,502$1,356,974$412,075$2,011,454
7$3,969,527$1,426,913$432,678$2,109,936
8$4,168,004$1,500,349$454,312$2,213,342
9$4,376,404$1,577,457$477,028$2,321,919
10$4,595,224$1,658,421$500,879$2,435,924
11$4,824,985$1,743,432$525,923$2,555,630
12$5,066,235$1,832,695$552,220$2,681,320
13$5,319,546$1,926,420$579,831$2,813,296
14$5,585,524$2,024,832$608,822$2,951,870
15$5,864,800$2,128,164$639,263$3,097,373
16$6,158,040$2,236,663$671,226$3,250,151
17$6,465,942$2,350,586$704,788$3,410,568
18$6,789,239$2,470,206$740,027$3,579,006
19$7,128,701$2,595,807$777,028$3,755,865
20$7,485,136$2,727,688$815,880$3,941,568
21$7,859,393$2,866,163$856,674$4,136,556
22$8,252,362$3,011,562$899,507$4,341,293
23$8,664,980$3,164,231$944,483$4,556,267
24$9,098,229$3,324,533$991,707$4,781,990
25$9,553,141$3,492,850$1,041,292$5,018,999
26$10,030,798$3,669,583$1,093,357$5,267,858
27$10,532,338$3,855,153$1,148,025$5,529,160
28$11,058,955$4,050,001$1,205,426$5,803,528
29$11,611,902$4,254,592$1,265,697$6,091,613
30$12,192,498$4,469,412$1,328,982$6,394,104
Total$196,800,000$71,561,637$21,451,198$103,787,168

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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.