PowerBall Jackpot Gets Bigger – $337 Million

0
1090
winning FL Lotto numbers

The Wednesday, May 31, 2017 Powerball drawing has taken place, and the results are 4–33–39–46–60, and the Powerball is 6.  The Power Play number is 2.

There were no jackpot winners and no $1,000,000 winners in the Wednesday, May 31, 2017 Powerball drawing.

Annuity   Cash
Powerball Jackpot for Sat, Jun 3, 2017 $337,000,000
  $209,100,000
 
Gross Prize 30 average annual payments of $11,233,333
  Lump-sum cash: $209,100,000
– 25% Federal Tax – $2,808,333
  – $52,275,000
Subtotal

$8,425,000
 

$156,825,00
State:

Florida
Drawing Date:   Sat, Jun 3, 2017
Jackpot: $337,000,000
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 $5,072,334 $1,268,083 $0 $3,804,250
2 $5,325,950 $1,331,488 $0 $3,994,463
3 $5,592,248 $1,398,062 $0 $4,194,186
4 $5,871,860 $1,467,965 $0 $4,403,895
5 $6,165,453 $1,541,363 $0 $4,624,090
6 $6,473,726 $1,618,431 $0 $4,855,294
7 $6,797,412 $1,699,353 $0 $5,098,059
8 $7,137,283 $1,784,321 $0 $5,352,962
9 $7,494,147 $1,873,537 $0 $5,620,610
10 $7,868,854 $1,967,214 $0 $5,901,641
11 $8,262,297 $2,065,574 $0 $6,196,723
12 $8,675,412 $2,168,853 $0 $6,506,559
13 $9,109,182 $2,277,296 $0 $6,831,887
14 $9,564,642 $2,391,160 $0 $7,173,481
15 $10,042,874 $2,510,718 $0 $7,532,155
16 $10,545,017 $2,636,254 $0 $7,908,763
17 $11,072,268 $2,768,067 $0 $8,304,201
18 $11,625,882 $2,906,470 $0 $8,719,411
19 $12,207,176 $3,051,794 $0 $9,155,382
20 $12,817,534 $3,204,384 $0 $9,613,151
21 $13,458,411 $3,364,603 $0 $10,093,808
22 $14,131,332 $3,532,833 $0 $10,598,499
23 $14,837,898 $3,709,475 $0 $11,128,424
24 $15,579,793 $3,894,948 $0 $11,684,845
25 $16,358,783 $4,089,696 $0 $12,269,087
26 $17,176,722 $4,294,181 $0 $12,882,542
27 $18,035,558 $4,508,890 $0 $13,526,669
28 $18,937,336 $4,734,334 $0 $14,203,002
29 $19,884,203 $4,971,051 $0 $14,913,152
30 $20,878,413 $5,219,603 $0 $15,658,810
Total $337,000,001 $84,250,000 $0 $252,750,001

 

Credit:  USAMega.com

RELATED ARTICLESMORE FROM AUTHOR

NO COMMENTS