USA Mega

New York Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

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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 $181,100,000 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:Wed, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 10.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$297,114$1,463,129
2$2,862,106$1,015,999$311,970$1,534,137
3$3,005,211$1,068,948$327,568$1,608,695
4$3,155,472$1,124,545$343,946$1,686,980
5$3,313,245$1,182,921$361,144$1,769,180
6$3,478,907$1,244,216$379,201$1,855,490
7$3,652,853$1,308,576$398,161$1,946,116
8$3,835,495$1,376,154$418,069$2,041,273
9$4,027,270$1,447,110$438,972$2,141,187
10$4,228,634$1,521,615$460,921$2,246,098
11$4,440,065$1,599,844$483,967$2,356,254
12$4,662,069$1,681,986$508,165$2,471,917
13$4,895,172$1,768,234$533,574$2,593,364
14$5,139,931$1,858,795$560,252$2,720,884
15$5,396,927$1,953,883$588,265$2,854,779
16$5,666,773$2,053,726$617,678$2,995,369
17$5,950,112$2,158,562$648,562$3,142,988
18$6,247,618$2,268,639$680,990$3,297,989
19$6,559,999$2,384,220$715,040$3,460,739
20$6,887,999$2,505,580$750,792$3,631,627
21$7,232,398$2,633,008$788,331$3,811,059
22$7,594,018$2,766,807$827,748$3,999,463
23$7,973,719$2,907,296$869,135$4,197,287
24$8,372,405$3,054,810$912,592$4,405,003
25$8,791,025$3,209,700$958,222$4,623,104
26$9,230,577$3,372,334$1,006,133$4,852,110
27$9,692,106$3,543,099$1,056,440$5,092,567
28$10,176,711$3,722,403$1,109,261$5,345,046
29$10,685,546$3,910,672$1,164,725$5,610,149
30$11,219,824$4,108,355$1,222,961$5,888,508
Total$181,100,000$65,717,609$19,739,899$95,642,491

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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.