USA Mega

Puerto Rico Powerball Jackpot Annuity Payout Schedule for Jan 23, 2021

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The tax information provided here is based on 2021 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 $20,000,000 for a ticket purchased in Puerto Rico, 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 prize money, as well as deductions claimed.

State:

Puerto Rico

Drawing Date:Sat, Jan 23, 2021
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$0$221,124
2$316,080$85,172$0$230,908
3$331,884$90,704$0$241,180
4$348,478$96,512$0$251,967
5$365,902$102,610$0$263,292
6$384,197$109,013$0$275,184
7$403,407$115,737$0$287,670
8$423,578$122,796$0$300,781
9$444,757$130,209$0$314,547
10$466,994$137,992$0$329,002
11$490,344$146,165$0$344,179
12$514,861$154,746$0$360,116
13$540,604$164,096$0$376,508
14$567,635$174,097$0$393,537
15$596,016$184,598$0$411,418
16$625,817$195,625$0$430,192
17$657,108$207,202$0$449,906
18$689,963$219,359$0$470,605
19$724,461$232,123$0$492,338
20$760,685$245,526$0$515,159
21$798,719$259,598$0$539,121
22$838,655$274,374$0$564,280
23$880,587$289,890$0$590,698
24$924,617$306,180$0$618,436
25$970,848$323,286$0$647,562
26$1,019,390$341,247$0$678,143
27$1,070,360$360,105$0$710,254
28$1,123,878$379,907$0$743,971
29$1,180,071$400,699$0$779,373
30$1,239,075$422,530$0$816,545
Total$20,000,000$6,352,002$0$13,647,996

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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.