Tonight’s (7/26/2017) POWERBALL Jackpot is $220 Million!!! See estimated payout schedule here.

0
985
Annuity Cash
 
Powerball Jackpot for Wed, Jul 26, 2017 $220,000,000
$139,000,000
 
Gross Prize 30 average annual payments of $7,333,333
Lump-sum cash: $139,000,000
– 25% Federal Tax – $1,833,333
– $34,750,000
Subtotal

$5,500,000


$104,250,000

State:

Florida

Drawing Date:   Wed, Jul 26, 2017
Jackpot: $220,000,000
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 $3,311,316 $827,829 $0 $2,483,487
2 $3,476,882 $869,220 $0 $2,607,661
3 $3,650,726 $912,681 $0 $2,738,044
4 $3,833,262 $958,315 $0 $2,874,946
5 $4,024,925 $1,006,231 $0 $3,018,694
6 $4,226,171 $1,056,543 $0 $3,169,628
7 $4,437,480 $1,109,370 $0 $3,328,110
8 $4,659,354 $1,164,838 $0 $3,494,515
9 $4,892,322 $1,223,080 $0 $3,669,241
10 $5,136,938 $1,284,234 $0 $3,852,703
11 $5,393,784 $1,348,446 $0 $4,045,338
12 $5,663,474 $1,415,868 $0 $4,247,605
13 $5,946,647 $1,486,662 $0 $4,459,985
14 $6,243,980 $1,560,995 $0 $4,682,985
15 $6,556,179 $1,639,045 $0 $4,917,134
16 $6,883,988 $1,720,997 $0 $5,162,991
17 $7,228,187 $1,807,047 $0 $5,421,140
18 $7,589,596 $1,897,399 $0 $5,692,197
19 $7,969,076 $1,992,269 $0 $5,976,807
20 $8,367,530 $2,091,882 $0 $6,275,647
21 $8,785,906 $2,196,477 $0 $6,589,430
22 $9,225,202 $2,306,300 $0 $6,918,901
23 $9,686,462 $2,421,615 $0 $7,264,846
24 $10,170,785 $2,542,696 $0 $7,628,089
25 $10,679,324 $2,669,831 $0 $8,009,493
26 $11,213,290 $2,803,323 $0 $8,409,968
27 $11,773,955 $2,943,489 $0 $8,830,466
28 $12,362,653 $3,090,663 $0 $9,271,989
29 $12,980,785 $3,245,196 $0 $9,735,589
30 $13,629,825 $3,407,456 $0 $10,222,368
Total $220,000,000 $55,000,000 $0 $165,000,000

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