Tonight’s POWERBALL Jackpot – $187 Million (7/19/2017). See Estimated Payout Schedule Here.

0
1195
winning powerball numbers
Annuity Cash
Powerball Jackpot for Wed, Jul 19, 2017 $187,000,000
$116,400,000
Gross Prize 30 average annual payments of $6,233,333
Lump-sum cash: $116,400,000
– 25% Federal Tax – $1,558,333
– $29,100,000
Subtotal

$4,675,000

$87,300,000
Drawing Date:   Wed, Jul 19, 2017
Jackpot: $187,000,000
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 $2,814,618 $703,655 $0 $2,110,964
2 $2,955,349 $738,837 $0 $2,216,512
3 $3,103,117 $775,779 $0 $2,327,338
4 $3,258,273 $814,568 $0 $2,443,704
5 $3,421,186 $855,297 $0 $2,565,890
6 $3,592,246 $898,061 $0 $2,694,184
7 $3,771,858 $942,964 $0 $2,828,893
8 $3,960,451 $990,113 $0 $2,970,338
9 $4,158,473 $1,039,618 $0 $3,118,855
10 $4,366,397 $1,091,599 $0 $3,274,798
11 $4,584,717 $1,146,179 $0 $3,438,538
12 $4,813,953 $1,203,488 $0 $3,610,464
13 $5,054,650 $1,263,663 $0 $3,790,988
14 $5,307,383 $1,326,846 $0 $3,980,537
15 $5,572,752 $1,393,188 $0 $4,179,564
16 $5,851,390 $1,462,847 $0 $4,388,542
17 $6,143,959 $1,535,990 $0 $4,607,969
18 $6,451,157 $1,612,789 $0 $4,838,368
19 $6,773,715 $1,693,429 $0 $5,080,286
20 $7,112,400 $1,778,100 $0 $5,334,300
21 $7,468,020 $1,867,005 $0 $5,601,015
22 $7,841,421 $1,960,355 $0 $5,881,066
23 $8,233,493 $2,058,373 $0 $6,175,119
24 $8,645,167 $2,161,292 $0 $6,483,875
25 $9,077,425 $2,269,356 $0 $6,808,069
26 $9,531,297 $2,382,824 $0 $7,148,473
27 $10,007,862 $2,501,965 $0 $7,505,896
28 $10,508,255 $2,627,064 $0 $7,881,191
29 $11,033,667 $2,758,417 $0 $8,275,251
30 $11,585,351 $2,896,338 $0 $8,689,013
Total $187,000,000 $46,750,000 $0 $140,250,000

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