USA Mega

Tennessee Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $59,900,000 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 19, 2011
Jackpot:$59,900,000
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$1,068,023$353,356$0$714,667
2$1,110,744$369,163$0$741,581
3$1,155,174$385,602$0$769,572
4$1,201,381$402,699$0$798,682
5$1,249,436$420,479$0$828,957
6$1,299,413$438,971$0$860,443
7$1,351,390$458,202$0$893,188
8$1,405,445$478,203$0$927,243
9$1,461,663$499,003$0$962,660
10$1,520,130$520,636$0$999,494
11$1,580,935$543,134$0$1,037,801
12$1,644,172$566,531$0$1,077,641
13$1,709,939$590,865$0$1,119,074
14$1,778,337$616,172$0$1,162,164
15$1,849,470$642,492$0$1,206,978
16$1,923,449$669,864$0$1,253,585
17$2,000,387$698,331$0$1,302,056
18$2,080,402$727,937$0$1,352,466
19$2,163,619$758,727$0$1,404,892
20$2,250,163$790,748$0$1,459,415
21$2,340,170$824,051$0$1,516,119
22$2,433,777$858,685$0$1,575,091
23$2,531,128$894,705$0$1,636,423
24$2,632,373$932,166$0$1,700,207
25$2,737,668$971,125$0$1,766,543
26$2,847,174$1,011,642$0$1,835,532
27$2,961,061$1,053,780$0$1,907,281
28$3,079,504$1,097,604$0$1,981,900
29$3,202,684$1,143,181$0$2,059,503
30$3,330,791$1,190,581$0$2,140,211
Total$59,900,000$20,908,635$0$38,991,369

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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.