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Tennessee Powerball Jackpot Annuity Payout Schedule for Dec 31, 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 $25,000,000 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, Dec 31, 2011
Jackpot:$25,000,000
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$445,752$126,388$0$319,364
2$463,583$132,629$0$330,954
3$482,126$139,119$0$343,007
4$501,411$145,869$0$355,542
5$521,467$152,888$0$368,579
6$542,326$160,189$0$382,137
7$564,019$167,781$0$396,238
8$586,580$175,678$0$410,902
9$610,043$183,904$0$426,139
10$634,445$192,932$0$441,512
11$659,823$202,322$0$457,500
12$686,215$212,087$0$474,128
13$713,664$222,243$0$491,421
14$742,211$232,806$0$509,405
15$771,899$243,790$0$528,109
16$802,775$255,215$0$547,561
17$834,886$267,096$0$567,790
18$868,281$279,452$0$588,830
19$903,013$292,302$0$610,710
20$939,133$305,667$0$633,466
21$976,699$319,566$0$657,132
22$1,015,767$334,021$0$681,745
23$1,056,397$349,055$0$707,342
24$1,098,653$364,689$0$733,964
25$1,142,599$380,949$0$761,650
26$1,188,303$397,860$0$790,443
27$1,235,835$415,447$0$820,388
28$1,285,269$433,737$0$851,532
29$1,336,679$452,759$0$883,920
30$1,390,147$472,542$0$917,605
Total$25,000,000$8,010,982$0$16,989,015

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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.