USA Mega

Puerto Rico Powerball Jackpot Annuity Payout Schedule for Aug 7, 2002

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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 $22,100,000 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:Wed, Aug 7, 2002
Jackpot:$22,100,000
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$394,045$107,463$0$286,582
2$409,807$112,980$0$296,827
3$426,199$118,717$0$307,482
4$443,247$124,684$0$318,563
5$460,977$130,889$0$330,088
6$479,416$137,343$0$342,073
7$498,593$144,055$0$354,538
8$518,537$151,035$0$367,502
9$539,278$158,295$0$380,983
10$560,849$165,844$0$395,005
11$583,283$173,696$0$409,587
12$606,614$181,862$0$424,752
13$630,879$190,445$0$440,434
14$656,114$199,783$0$456,332
15$682,359$209,493$0$472,866
16$709,653$219,592$0$490,061
17$738,039$230,095$0$507,944
18$767,561$241,018$0$526,543
19$798,263$252,378$0$545,886
20$830,194$264,192$0$566,002
21$863,402$276,479$0$586,923
22$897,938$289,257$0$608,680
23$933,855$302,547$0$631,308
24$971,209$316,368$0$654,842
25$1,010,058$330,742$0$679,316
26$1,050,460$345,690$0$704,770
27$1,092,478$361,237$0$731,241
28$1,136,178$377,406$0$758,772
29$1,181,625$394,221$0$787,403
30$1,228,890$411,709$0$817,180
Total$22,100,000$6,919,515$0$15,180,485

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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.