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, so to see what the payments would be on a year-by-year basis for any state, click the Annual Payment Schedule link next to the state.
| | |
Annuity | | Cash |
| | |
[h2]Powerball Jackpot for Wed, Aug 19, 2009 [/h2] | [h2]$250,000,000[/h2] |
| | [h2]$124,800,000[/h2] |
| | |
Gross Prize | 30 average annual payments of $8,333,333 |
| | Lump-sum cash: $124,800,000 |
- 25% Federal Tax | - $2,083,333 |
| | - $31,200,000 |
| | $93,600,000 |
- State Tax: | | |
| | |
Arizona: 5% State Tax for In-State Residents | - $416,667 |
| | - $6,240,000 |
Your average net per year: $5,833,333 |
| Your net payout: $87,360,000 |
After 30 payments: $174,999,990 | | |
Annuity Payment Schedule | | |
| | |
Non-Arizona Residents: 6% State Tax | - $500,000 |
| | - $7,488,000 |
Your average net per year: $5,750,000 |
| Your net payout: $86,112,000 |
After 30 payments: $172,500,000 | | |
Annuity Payment Schedule | | |
| | |
Colorado: 4% State Tax | - $333,333 |
| | - $4,992,000 |
Your average net per year: $5,916,667 |
| Your net payout: $88,608,000 |
After 30 payments: $177,500,010 | | |
Annuity Payment Schedule | | |
| | |
Connecticut: 5% State Tax | - $416,667 |
| | - $6,240,000 |
Your average net per year: $5,833,333 |
| Your net payout: $87,360,000 |
After 30 payments: $174,999,990 | | |
Annuity Payment Schedule | | |
| | |
Delaware: No State Tax on Lottery Prizes! | | |
Your average net per year: $6,250,000 |
| Your net payout: $93,600,000 |
After 30 payments: $187,500,000 | | |
Annuity Payment Schedule | | |
| | |
Florida: No State Tax on Lottery Prizes! | | |
Your average net per year: $6,250,000 |
| Your net payout: $93,600,000 |
After 30 payments: $187,500,000 | | |
Annuity Payment Schedule | | |
| | |
Idaho: 7.8% State Tax | - $650,000 |
| | - $9,734,400 |
Your average net per year: $5,600,000 |
| Your net payout: $83,865,600 |
After 30 payments: $168,000,000 | | |
Annuity Payment Schedule | | |
| | |
Indiana: 3.4% State Tax | - $283,333 |
| | - $4,243,200 |
Your average net per year: $5,966,667 |
| Your net payout: $89,356,800 |
After 30 payments: $179,000,010 | | |
Annuity Payment Schedule | | |
| | |
Iowa: 5% State Tax | - $416,667 |
| | - $6,240,000 |
Your average net per year: $5,833,333 |
| Your net payout: $87,360,000 |
After 30 payments: $174,999,990 | | |
Annuity Payment Schedule | | |
| | |
Kansas: 5% State Tax | - $416,667 |
| | - $6,240,000 |
Your average net per year: $5,833,333 |
| Your net payout: $87,360,000 |
After 30 payments: $174,999,990 | | |
Annuity Payment Schedule | | |
| | |
Kentucky: 6% State Tax | - $500,000 |
| | - $7,488,000 |
Your average net per year: $5,750,000 |
| Your net payout: $86,112,000 |
After 30 payments: $172,500,000 | | |
Annuity Payment Schedule | | |
| | |
Louisiana: 5% State Tax | - $416,667 |
| | - $6,240,000 |
Your average net per year: $5,833,333 |
| Your net payout: $87,360,000 |
After 30 payments: $174,999,990 | | |
Annuity Payment Schedule | | |
| | |
Maine: 5% State Tax | - $416,667 |
| | - $6,240,000 |
Your average net per year: $5,833,333 |
| Your net payout: $87,360,000 |
After 30 payments: $174,999,990 | | |
Annuity Payment Schedule | | |
| | |
Minnesota: 7.25% State Tax | - $604,167 |
| | - $9,048,000 |
Your average net per year: $5,645,833 |
| Your net payout: $84,552,000 |
After 30 payments: $169,374,990 | | |
Annuity Payment Schedule | | |
| | |
Missouri: 4% State Tax | - $333,333 |
| | - $4,992,000 |
Your average net per year: $5,916,667 |
| Your net payout: $88,608,000 |
After 30 payments: $177,500,010 | | |
Annuity Payment Schedule | | |
| | |
Montana: 10% State Tax | - $833,333 |
| | - $12,480,000 |
Your average net per year: $5,416,667 |
| Your net payout: $81,120,000 |
After 30 payments: $162,500,010 | | |
Annuity Payment Schedule | | |
| | |
Nebraska: 5% State Tax | - $416,667 |
| | - $6,240,000 |
Your average net per year: $5,833,333 |
| Your net payout: $87,360,000 |
After 30 payments: $174,999,990 | | |
Annuity Payment Schedule | | |
| | |
New Hampshire: 10% State Tax | - $833,333 |
| | - $12,480,000 |
Your average net per year: $5,416,667 |
| Your net payout: $81,120,000 |
After 30 payments: $162,500,010 | | |
Annuity Payment Schedule | | |
| | |
New Mexico: 6% State Tax | - $500,000 |
| | - $7,488,000 |
Your average net per year: $5,750,000 |
| Your net payout: $86,112,000 |
After 30 payments: $172,500,000 | | |
Annuity Payment Schedule | | |
| | |
North Carolina: 7% State Tax | - $583,333 |
| | - $8,736,000 |
Your average net per year: $5,666,667 |
| Your net payout: $84,864,000 |
After 30 payments: $170,000,010 | | |
Annuity Payment Schedule | | |
| | |
North Dakota: 5.54% State Tax | - $461,667 |
| | - $6,913,920 |
Your average net per year: $5,788,333 |
| Your net payout: $86,686,080 |
After 30 payments: $173,649,990 | | |
Annuity Payment Schedule | | |
| | |
Oklahoma: 4% State Tax | - $333,333 |
| | - $4,992,000 |
Your average net per year: $5,916,667 |
| Your net payout: $88,608,000 |
After 30 payments: $177,500,010 | | |
Annuity Payment Schedule | | |
| | |
Oregon: 8% State Tax | - $666,667 |
| | - $9,984,000 |
Your average net per year: $5,583,333 |
| Your net payout: $83,616,000 |
After 30 payments: $167,499,990 | | |
Annuity Payment Schedule | | |
| | |
Pennsylvania: No State Tax on Lottery Prizes! | | |
Your average net per year: $6,250,000 |
| Your net payout: $93,600,000 |
After 30 payments: $187,500,000 | | |
Annuity Payment Schedule | | |
| | |
Rhode Island: 7% State Tax | - $583,333 |
| | - $8,736,000 |
Your average net per year: $5,666,667 |
| Your net payout: $84,864,000 |
After 30 payments: $170,000,010 | | |
Annuity Payment Schedule | | |
| | |
South Carolina: 7% State Tax | - $583,333 |
| | - $8,736,000 |
Your average net per year: $5,666,667 |
| Your net payout: $84,864,000 |
After 30 payments: $170,000,010 | | |
Annuity Payment Schedule | | |
| | |
South Dakota: No State Tax on Lottery Prizes! | | |
Your average net per year: $6,250,000 |
| Your net payout: $93,600,000 |
After 30 payments: $187,500,000 | | |
Annuity Payment Schedule | | |
| | |
Tennessee: No State Tax on Lottery Prizes! | | |
Your average net per year: $6,250,000 |
| Your net payout: $93,600,000 |
After 30 payments: $187,500,000 | | |
Annuity Payment Schedule | | |
| | |
U.S. Virgin Islands: Unknown State Tax Rate | - $0 |
| | - $0 |
Your average net per year: $6,250,000 |
| Your net payout: $93,600,000 |
After 30 payments: $187,500,000 | | |
Annuity Payment Schedule | | |
| | |
Vermont: 6% State Tax | - $500,000 |
| | - $7,488,000 |
Your average net per year: $5,750,000 |
| Your net payout: $86,112,000 |
After 30 payments: $172,500,000 | | |
Annuity Payment Schedule | | |
| | |
Washington, D.C.: 8.5% State Tax | - $708,333 |
| | - $10,608,000 |
Your average net per year: $5,541,667 |
| Your net payout: $82,992,000 |
After 30 payments: $166,250,010 | | |
Annuity Payment Schedule | | |
| | |
West Virginia: 6.5% State Tax | - $541,667 |
| | - $8,112,000 |
Your average net per year: $5,708,333 |
| Your net payout: $85,488,000 |
After 30 payments: $171,249,990 | | |
Annuity Payment Schedule | | |
| | |
Wisconsin: 7.75% State Tax | - $645,833 |
| | - $9,672,000 |
Your average net per year: $5,604,167 |
| Your net payout: $83,928,000 |
After 30 payments: $168,125,010 | | |
Annuity Payment Schedule | | |
| | |