USA Mega

Puerto Rico Powerball Jackpot Annuity Payout Schedule for Dec 7, 2011

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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 $53,200,000 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, Dec 7, 2011
Jackpot:$53,200,000
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$948,561$309,155$0$639,406
2$986,504$323,194$0$663,310
3$1,025,964$337,794$0$688,169
4$1,067,002$352,979$0$714,024
5$1,109,683$368,770$0$740,912
6$1,154,070$385,194$0$768,876
7$1,200,233$402,274$0$797,959
8$1,248,242$420,037$0$828,205
9$1,298,172$438,511$0$859,660
10$1,350,098$457,724$0$892,374
11$1,404,102$477,706$0$926,397
12$1,460,267$498,486$0$961,780
13$1,518,677$520,098$0$998,579
14$1,579,424$542,575$0$1,036,850
15$1,642,601$565,950$0$1,076,651
16$1,708,305$590,261$0$1,118,045
17$1,776,637$615,544$0$1,161,094
18$1,847,703$641,838$0$1,205,865
19$1,921,611$669,184$0$1,252,427
20$1,998,476$697,624$0$1,300,852
21$2,078,415$727,201$0$1,351,213
22$2,161,551$757,962$0$1,403,589
23$2,248,013$789,953$0$1,458,061
24$2,337,934$823,223$0$1,514,710
25$2,431,451$857,825$0$1,573,626
26$2,528,709$893,810$0$1,634,899
27$2,629,857$931,235$0$1,698,622
28$2,735,052$970,157$0$1,764,895
29$2,844,454$1,010,636$0$1,833,818
30$2,958,232$1,052,734$0$1,905,498
Total$53,200,000$18,429,634$0$34,770,366

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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.