Powerball Jackpot Saturday, 11 June: $141 Million! See Payout Analysis Here.

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Important: All annuity amounts shown are the average amounts a jackpot winner would receive.  Powerball annuity payments are made on an annually-increasing rate schedule.  Figures shown are estimates and are provided for entertainment purposes only.

Annuity
Cash
Powerball Jackpot for Sat, Jun 11, 2016   
$141,000,000
 
$93,800,000
Gross Prize
30 average annual payments of $4,700,000
 
Lump-sum cash: $93,800,000
– 25% Federal Tax
– $1,175,000
 
– $23,450,000
Subtotal

$3,525,000
 

$70,350,000

 

State:
Florida
Drawing Date:  
Sat, Jun 11, 2016
Jackpot:
$141,000,000
Federal Tax:
25% (When you file, it will be a lot more!)
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
$2,122,252
$530,563
$0
$1,591,689
2
$2,228,365
$557,091
$0
$1,671,274
3
$2,339,783
$584,946
$0
$1,754,837
4
$2,456,772
$614,193
$0
$1,842,579
5
$2,579,611
$644,903
$0
$1,934,708
6
$2,708,592
$677,148
$0
$2,031,444
7
$2,844,021
$711,005
$0
$2,133,016
8
$2,986,222
$746,556
$0
$2,239,667
9
$3,135,533
$783,883
$0
$2,351,650
10
$3,292,310
$823,077
$0
$2,469,232
11
$3,456,925
$864,231
$0
$2,592,694
12
$3,629,772
$907,443
$0
$2,722,329
13
$3,811,260
$952,815
$0
$2,858,445
14
$4,001,823
$1,000,456
$0
$3,001,368
15
$4,201,914
$1,050,479
$0
$3,151,436
16
$4,412,010
$1,103,003
$0
$3,309,008
17
$4,632,611
$1,158,153
$0
$3,474,458
18
$4,864,241
$1,216,060
$0
$3,648,181
19
$5,107,453
$1,276,863
$0
$3,830,590
20
$5,362,826
$1,340,707
$0
$4,022,120
21
$5,630,967
$1,407,742
$0
$4,223,225
22
$5,912,516
$1,478,129
$0
$4,434,387
23
$6,208,141
$1,552,035
$0
$4,656,106
24
$6,518,548
$1,629,637
$0
$4,888,911
25
$6,844,476
$1,711,119
$0
$5,133,357
26
$7,186,700
$1,796,675
$0
$5,390,025
27
$7,546,035
$1,886,509
$0
$5,659,526
28
$7,923,336
$1,980,834
$0
$5,942,502
29
$8,319,503
$2,079,876
$0
$6,239,627
30
$8,735,478
$2,183,870
$0
$6,551,609
Total
$141,000,000
$35,250,000
$0
$105,750,000

 

Credit:  USAMega.com

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