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New York Powerball Jackpot Annuity Payout Schedule for Jan 27, 2021

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The tax information provided here is based on 2021 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 $20,000,000 for a ticket purchased in New York, 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 prize money, as well as deductions claimed.

New York

Federal Filing Status:

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $301,029 $79,904 $28,959 $192,165
2 $316,080 $85,172 $30,407 $200,501
3 $331,884 $90,704 $31,927 $209,253
4 $348,478 $96,512 $33,524 $218,443
5 $365,902 $102,610 $35,200 $228,092
6 $384,197 $109,013 $36,960 $238,224
7 $403,407 $115,737 $38,808 $248,863
8 $423,578 $122,796 $40,748 $260,033
9 $444,757 $130,209 $42,786 $271,762
10 $466,994 $137,992 $44,925 $284,077
11 $490,344 $146,165 $47,171 $297,008
12 $514,861 $154,746 $49,530 $310,586
13 $540,604 $164,096 $52,006 $324,502
14 $567,635 $174,097 $54,606 $338,931
15 $596,016 $184,598 $57,337 $354,081
16 $625,817 $195,625 $60,204 $369,989
17 $657,108 $207,202 $63,214 $386,692
18 $689,963 $219,359 $66,374 $404,230
19 $724,461 $232,123 $69,693 $422,645
20 $760,685 $245,526 $73,178 $441,981
21 $798,719 $259,598 $76,837 $462,284
22 $838,655 $274,374 $80,679 $483,602
23 $880,587 $289,890 $84,713 $505,985
24 $924,617 $306,180 $88,948 $529,488
25 $970,848 $323,286 $93,396 $554,166
26 $1,019,390 $341,247 $98,065 $580,078
27 $1,070,360 $360,105 $102,969 $607,286
28 $1,123,878 $379,907 $108,117 $635,854
29 $1,180,071 $400,699 $113,523 $665,850
30 $1,239,075 $422,530 $119,199 $697,346
Total $20,000,000 $6,352,002 $1,924,003 $11,723,997

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.

Powerball annuity chart shows the annual net payout a New York jackpot winner would get after federal and state taxes.

Nobody hit the jackpot last night. Powerball jackpot rolls up to $384 million Saturday

Even though there was no grand prize winner Wednesday evening, Powerball had some huge winners. There were a total of 14 third prize winning tickets with or without Power Play. 2 additional tickets at this prize level were also wisely purchased with the Power Play option that multiplied winnings 4 times to $40,000 cash!

Other prizes won Wednesday night included 565 tickets that matched 4 white numbers and won $100. 134 additional tickets of this prize level were also wisely purchased with the Power Play option that doubled the prize to $200 cash! 1459 tickets matched three of the five lotto numbers, plus the Powerball number. These tickets are also each worth $100. There were 302 tickets matched 3+1 with Power Play option, doubled the winnings to win a total win of $200 each.

Wednesday, December 30th, 2020 New York Powerball news and payout, winning numbers, next jackpot. ]]>