USA Mega

Tennessee Powerball Jackpot Annuity Payout Schedule for Nov 22, 2008

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $57,600,000 for a ticket purchased in Tennessee, 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:

Tennessee

Drawing Date:Sat, Nov 22, 2008
Jackpot:$57,600,000
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$1,027,014$337,015$0$689,998
2$1,068,094$352,215$0$715,879
3$1,110,818$368,023$0$742,795
4$1,155,251$384,463$0$770,788
5$1,201,461$401,561$0$799,900
6$1,249,519$419,342$0$830,177
7$1,299,500$437,835$0$861,665
8$1,351,480$457,068$0$894,412
9$1,405,539$477,070$0$928,469
10$1,461,761$497,872$0$963,889
11$1,520,231$519,506$0$1,000,725
12$1,581,040$542,005$0$1,039,035
13$1,644,282$565,405$0$1,078,877
14$1,710,053$589,740$0$1,120,313
15$1,778,455$615,049$0$1,163,407
16$1,849,594$641,370$0$1,208,224
17$1,923,577$668,744$0$1,254,834
18$2,000,521$697,213$0$1,303,308
19$2,080,541$726,821$0$1,353,721
20$2,163,763$757,613$0$1,406,150
21$2,250,314$789,636$0$1,460,677
22$2,340,326$822,941$0$1,517,385
23$2,433,939$857,578$0$1,576,361
24$2,531,297$893,600$0$1,637,697
25$2,632,549$931,063$0$1,701,485
26$2,737,850$970,025$0$1,767,826
27$2,847,364$1,010,545$0$1,836,819
28$2,961,259$1,052,686$0$1,908,573
29$3,079,709$1,096,513$0$1,983,197
30$3,202,898$1,142,092$0$2,060,805
Total$57,600,000$20,022,609$0$37,577,391

◄ Back to Jackpot Analysis

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.