USA Mega

Puerto Rico Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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, May 14, 2005
Jackpot:$112,000,000
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$1,996,971$697,067$0$1,299,904
2$2,076,850$726,622$0$1,350,228
3$2,159,924$757,360$0$1,402,564
4$2,246,321$789,326$0$1,456,994
5$2,336,174$822,572$0$1,513,602
6$2,429,621$857,147$0$1,572,473
7$2,526,806$893,106$0$1,633,700
8$2,627,878$930,503$0$1,697,375
9$2,732,993$969,395$0$1,763,598
10$2,842,313$1,009,843$0$1,832,469
11$2,956,005$1,051,910$0$1,904,095
12$3,074,245$1,095,658$0$1,978,587
13$3,197,215$1,141,157$0$2,056,058
14$3,325,104$1,188,476$0$2,136,628
15$3,458,108$1,237,688$0$2,220,420
16$3,596,432$1,288,868$0$2,307,564
17$3,740,289$1,342,095$0$2,398,195
18$3,889,901$1,397,451$0$2,492,450
19$4,045,497$1,455,022$0$2,590,475
20$4,207,317$1,514,895$0$2,692,422
21$4,375,610$1,577,163$0$2,798,446
22$4,550,634$1,641,922$0$2,908,712
23$4,732,659$1,709,272$0$3,023,388
24$4,921,966$1,779,315$0$3,142,651
25$5,118,844$1,852,160$0$3,266,684
26$5,323,598$1,927,919$0$3,395,679
27$5,536,542$2,006,708$0$3,529,834
28$5,758,004$2,088,649$0$3,669,355
29$5,988,324$2,173,868$0$3,814,456
30$6,227,857$2,262,495$0$3,965,362
Total$112,000,000$40,185,632$0$71,814,368

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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.