USA Mega

Puerto Rico Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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:Sat, Sep 5, 2015
Jackpot:$134,100,000
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$2,391,016$842,864$0$1,548,153
2$2,486,657$878,251$0$1,608,406
3$2,586,123$915,053$0$1,671,070
4$2,689,568$953,328$0$1,736,240
5$2,797,151$993,134$0$1,804,017
6$2,909,037$1,034,531$0$1,874,506
7$3,025,398$1,077,585$0$1,947,813
8$3,146,414$1,122,361$0$2,024,053
9$3,272,271$1,168,928$0$2,103,343
10$3,403,162$1,217,358$0$2,185,804
11$3,539,288$1,267,724$0$2,271,564
12$3,680,860$1,320,106$0$2,360,754
13$3,828,094$1,374,583$0$2,453,512
14$3,981,218$1,431,238$0$2,549,980
15$4,140,467$1,490,160$0$2,650,306
16$4,306,085$1,551,439$0$2,754,646
17$4,478,329$1,615,169$0$2,863,159
18$4,657,462$1,681,449$0$2,976,013
19$4,843,760$1,750,379$0$3,093,381
20$5,037,511$1,822,067$0$3,215,444
21$5,239,011$1,896,622$0$3,342,389
22$5,448,572$1,974,159$0$3,474,412
23$5,666,514$2,054,798$0$3,611,716
24$5,893,175$2,138,663$0$3,754,513
25$6,128,902$2,225,881$0$3,903,021
26$6,374,058$2,316,589$0$4,057,469
27$6,629,020$2,410,925$0$4,218,095
28$6,894,181$2,509,035$0$4,385,146
29$7,169,948$2,611,069$0$4,558,880
30$7,456,746$2,717,184$0$4,739,563
Total$134,100,000$48,362,632$0$85,737,368

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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.