Update: POWERBALL Drawing Results for 7/22/2017.

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Powerball:  The Saturday, July 22, 2017 Powerball drawing has taken place, and the results are 532445360, and the Powerball is 9.

Powerball: There was no jackpot winner in the Saturday, July 22, 2017 Powerball drawing, but 3 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 1 from New York, and 1 from Virginia.

Annuity Cash
Powerball Jackpot for Sat, Jul 22, 2017 $205,000,000
$127,600,000
Gross Prize 30 average annual payments of $6,833,333
Lump-sum cash: $127,600,000
– 25% Federal Tax – $1,708,333
– $31,900,000
Subtotal

$5,125,000


$95,700,000

State:

Florida

Drawing Date:   Sat, Jul 22, 2017
Jackpot: $205,000,000
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 $3,085,544 $771,386 $0 $2,314,158
2 $3,239,821 $809,955 $0 $2,429,866
3 $3,401,812 $850,453 $0 $2,551,359
4 $3,571,903 $892,976 $0 $2,678,927
5 $3,750,498 $937,625 $0 $2,812,874
6 $3,938,023 $984,506 $0 $2,953,517
7 $4,134,924 $1,033,731 $0 $3,101,193
8 $4,341,671 $1,085,418 $0 $3,256,253
9 $4,558,754 $1,139,689 $0 $3,419,066
10 $4,786,692 $1,196,673 $0 $3,590,019
11 $5,026,026 $1,256,507 $0 $3,769,520
12 $5,277,328 $1,319,332 $0 $3,957,996
13 $5,541,194 $1,385,299 $0 $4,155,896
14 $5,818,254 $1,454,563 $0 $4,363,690
15 $6,109,166 $1,527,292 $0 $4,581,875
16 $6,414,625 $1,603,656 $0 $4,810,969
17 $6,735,356 $1,683,839 $0 $5,051,517
18 $7,072,124 $1,768,031 $0 $5,304,093
19 $7,425,730 $1,856,432 $0 $5,569,297
20 $7,797,017 $1,949,254 $0 $5,847,762
21 $8,186,867 $2,046,717 $0 $6,140,150
22 $8,596,211 $2,149,053 $0 $6,447,158
23 $9,026,021 $2,256,505 $0 $6,769,516
24 $9,477,322 $2,369,331 $0 $7,107,992
25 $9,951,188 $2,487,797 $0 $7,463,391
26 $10,448,748 $2,612,187 $0 $7,836,561
27 $10,971,185 $2,742,796 $0 $8,228,389
28 $11,519,744 $2,879,936 $0 $8,639,808
29 $12,095,732 $3,023,933 $0 $9,071,799
30 $12,700,518 $3,175,130 $0 $9,525,389
Total $205,000,000 $51,250,000 $0 $153,750,000

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