USA Mega

Puerto Rico Powerball Jackpot Annuity Payout Schedule for Apr 23, 2011

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The tax information provided here is based on 2026 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 $74,000,000 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, Apr 23, 2011
Jackpot:$74,000,000
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$1,319,427$444,145$0$875,282
2$1,372,204$463,673$0$908,532
3$1,427,093$483,982$0$943,111
4$1,484,176$505,102$0$979,074
5$1,543,543$527,068$0$1,016,475
6$1,605,285$549,913$0$1,055,372
7$1,669,497$573,671$0$1,095,826
8$1,736,276$598,380$0$1,137,897
9$1,805,727$624,076$0$1,181,651
10$1,877,957$650,801$0$1,227,155
11$1,953,075$678,595$0$1,274,480
12$2,031,198$707,500$0$1,323,697
13$2,112,446$737,562$0$1,374,884
14$2,196,944$768,826$0$1,428,117
15$2,284,821$801,341$0$1,483,480
16$2,376,214$835,156$0$1,541,058
17$2,471,263$870,324$0$1,600,938
18$2,570,113$906,899$0$1,663,214
19$2,672,918$944,937$0$1,727,981
20$2,779,834$984,496$0$1,795,338
21$2,891,028$1,025,638$0$1,865,390
22$3,006,669$1,068,425$0$1,938,244
23$3,126,936$1,112,923$0$2,014,012
24$3,252,013$1,159,202$0$2,092,811
25$3,382,094$1,207,332$0$2,174,762
26$3,517,377$1,257,387$0$2,259,990
27$3,658,072$1,309,444$0$2,348,628
28$3,804,395$1,363,584$0$2,440,812
29$3,956,571$1,419,889$0$2,536,683
30$4,114,834$1,478,446$0$2,636,388
Total$74,000,000$26,058,717$0$47,941,282

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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.