$204 Million POWERBALL Jackpot on Wednesday, 17 May 2017

0
1246
winning FL Lotto numbers

The Saturday, May 13, 2017 Powerball drawing has taken place, and the results are 17–20–32–63–68, and the Powerball is 19.  There was no jackpot winner in the Saturday, May 13, 2017 Powerball drawing, but 3 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 1 from Kansas, and 1 from Massachusetts.

Annuity CAsh
Powerball Jackpot for Wed, May 17, 2017 $204,000,000
124,900,000
Gross Prize 30 average annual payments of $6,800,000

Lump-sum cash:

$124,900,000
– 25% Federal Tax – $1,700,000
– $31,225,000
Subtotal

$5,100,000

$93,675,000
State: Florida
Drawing Date:   Wed, May 17, 2017
Jackpot: $204,000,000
Federal Tax: 25%
State Tax: No state tax on lottery prizes
Report: Powerball annuity payout schedule (30 annual payments)

 

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $3,070,493 $767,623 $0 $2,302,870
2 $3,224,017 $806,004 $0 $2,418,013
3 $3,385,218 $846,305 $0 $2,538,914
4 $3,554,479 $888,620 $0 $2,665,859
5 $3,732,203 $933,051 $0 $2,799,152
6 $3,918,813 $979,703 $0 $2,939,110
7 $4,114,754 $1,028,689 $0 $3,086,066
8 $4,320,492 $1,080,123 $0 $3,240,369
9 $4,536,516 $1,134,129 $0 $3,402,387
10 $4,763,342 $1,190,836 $0 $3,572,507
11 $5,001,509 $1,250,377 $0 $3,751,132
12 $5,251,585 $1,312,896 $0 $3,938,688
13 $5,514,164 $1,378,541 $0 $4,135,623
14 $5,789,872 $1,447,468 $0 $4,342,404
15 $6,079,366 $1,519,841 $0 $4,559,524
16 $6,383,334 $1,595,834 $0 $4,787,501
17 $6,702,501 $1,675,625 $0 $5,026,875
18 $7,037,626 $1,759,406 $0 $5,278,219
19 $7,389,507 $1,847,377 $0 $5,542,130
20 $7,758,982 $1,939,746 $0 $5,819,237
21 $8,146,931 $2,036,733 $0 $6,110,199
22 $8,554,278 $2,138,569 $0 $6,415,708
23 $8,981,992 $2,245,498 $0 $6,736,494
24 $9,431,091 $2,357,773 $0 $7,073,319
25 $9,902,646 $2,475,661 $0 $7,426,984
26 $10,397,778 $2,599,445 $0 $7,798,334
27 $10,917,667 $2,729,417 $0 $8,188,250
28 $11,463,551 $2,865,888 $0 $8,597,663
29 $12,036,728 $3,009,182 $0 $9,027,546
30 $12,638,565 $3,159,641 $0 $9,478,923
Total $204,000,000 $51,000,000 $0 $153,000,000

Credit:  https://www.usamega.com/

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