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Tennessee Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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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 $179,700,000 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:Wed, Jun 6, 2012
Jackpot:$179,700,000
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$3,204,069$1,142,526$0$2,061,543
2$3,332,232$1,189,946$0$2,142,286
3$3,465,521$1,239,263$0$2,226,258
4$3,604,142$1,290,553$0$2,313,589
5$3,748,307$1,343,894$0$2,404,413
6$3,898,240$1,399,369$0$2,498,871
7$4,054,169$1,457,063$0$2,597,106
8$4,216,336$1,517,065$0$2,699,271
9$4,384,989$1,579,466$0$2,805,523
10$4,560,389$1,644,364$0$2,916,025
11$4,742,805$1,711,858$0$3,030,947
12$4,932,517$1,782,051$0$3,150,465
13$5,129,817$1,855,053$0$3,274,765
14$5,335,010$1,930,974$0$3,404,036
15$5,548,411$2,009,932$0$3,538,478
16$5,770,347$2,092,049$0$3,678,298
17$6,001,161$2,177,450$0$3,823,711
18$6,241,207$2,266,267$0$3,974,940
19$6,490,856$2,358,637$0$4,132,219
20$6,750,490$2,454,701$0$4,295,788
21$7,020,509$2,554,609$0$4,465,901
22$7,301,330$2,658,512$0$4,642,817
23$7,593,383$2,766,572$0$4,826,811
24$7,897,118$2,878,954$0$5,018,164
25$8,213,003$2,995,831$0$5,217,172
26$8,541,523$3,117,384$0$5,424,139
27$8,883,184$3,243,798$0$5,639,386
28$9,238,511$3,375,269$0$5,863,242
29$9,608,052$3,511,999$0$6,096,052
30$9,992,374$3,654,199$0$6,338,175
Total$179,700,000$65,199,608$0$114,500,391

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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.