USA Mega

Puerto Rico Powerball Jackpot Annuity Payout Schedule for Jun 21, 1997

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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 $5,000,000 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 money, as well as deductions claimed.

State:

Puerto Rico

Drawing Date:Sat, Jun 21, 1997
Jackpot:$5,000,000
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$89,150$14,666$0$74,484
2$92,717$15,451$0$77,266
3$96,425$16,267$0$80,159
4$100,282$17,115$0$83,167
5$104,293$18,073$0$86,221
6$108,465$19,074$0$89,391
7$112,804$20,115$0$92,688
8$117,316$21,198$0$96,118
9$122,009$22,325$0$99,684
10$126,889$23,496$0$103,393
11$131,965$24,714$0$107,251
12$137,243$25,981$0$111,262
13$142,733$27,298$0$115,434
14$148,442$28,669$0$119,774
15$154,380$30,094$0$124,286
16$160,555$31,576$0$128,979
17$166,977$33,117$0$133,860
18$173,656$34,720$0$138,936
19$180,603$36,387$0$144,215
20$187,827$38,121$0$149,706
21$195,340$40,195$0$155,145
22$203,153$42,696$0$160,458
23$211,279$45,296$0$165,984
24$219,731$48,000$0$171,730
25$228,520$50,813$0$177,707
26$237,661$53,738$0$183,923
27$247,167$56,883$0$190,284
28$257,054$60,344$0$196,710
29$267,336$63,942$0$203,394
30$278,029$67,685$0$210,344
Total$5,000,000$1,028,049$0$3,971,953

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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.