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Puerto Rico Powerball Jackpot Annuity Payout Schedule for Jan 30, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates. It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year. The table below shows the payout schedule for a jackpot of $30,000,000 for a ticket purchased in Puerto Rico, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year. They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

Puerto Rico

Federal Filing Status:

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $451,543 $132,584 $0 $318,959
2 $474,120 $140,486 $0 $333,634
3 $497,826 $148,783 $0 $349,043
4 $522,718 $157,495 $0 $365,222
5 $548,853 $167,148 $0 $381,705
6 $576,296 $177,302 $0 $398,994
7 $605,111 $187,963 $0 $417,148
8 $635,366 $199,158 $0 $436,209
9 $667,135 $210,912 $0 $456,223
10 $700,491 $223,254 $0 $477,237
11 $735,516 $236,213 $0 $499,303
12 $772,292 $249,820 $0 $522,472
13 $810,906 $264,108 $0 $546,799
14 $851,452 $279,109 $0 $572,342
15 $894,024 $294,861 $0 $599,163
16 $938,726 $311,401 $0 $627,325
17 $985,662 $328,767 $0 $656,895
18 $1,034,945 $347,002 $0 $687,943
19 $1,086,692 $366,148 $0 $720,544
20 $1,141,027 $386,252 $0 $754,775
21 $1,198,078 $407,361 $0 $790,717
22 $1,257,982 $429,526 $0 $828,456
23 $1,320,881 $452,798 $0 $868,083
24 $1,386,925 $477,235 $0 $909,691
25 $1,456,271 $502,893 $0 $953,379
26 $1,529,085 $529,834 $0 $999,251
27 $1,605,539 $558,122 $0 $1,047,418
28 $1,685,816 $587,824 $0 $1,097,992
29 $1,770,107 $619,012 $0 $1,151,095
30 $1,858,612 $651,759 $0 $1,206,854
Total $30,000,000 $10,025,130 $0 $19,974,871

Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.

Powerball annuity chart shows the annual net payout a Puerto Rico jackpot winner would get after federal and state taxes.

$1.16 billion USD up for grabs in Powerball & Mega Millions jackpots on PlayHugeLottos.com

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12 Jan, 2021, 14:00 GMT

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TORONTO , Jan. 12, 2021 /PRNewswire/ — The US Powerball and Mega Millions lotteries have hit colossal jackpot amounts, as lottery players from around the world rush to buy their entries. The Mega Millions jackpot on Tuesday, 12 January 2021 , is a staggering US $615 million , while Wednesday’s US Powerball jackpot is pegged at an enormous US $550 million .

With both the Mega Millions and US Powerball lottery jackpots reaching these high amounts simultaneously, it has created frantic excitement worldwide. A record number of people are expected to play both lotteries, with ticket sales predicted to soar through the roof.

Paul Robinson , a PlayHugeLottos.com representative, said: “PlayHugeLottos.com has seen a massive influx of customers from all around the world rushing to take part in this week’s mouth-watering jackpots. It’s not often we have both the Powerball and Mega Millions jackpot prizes at such amounts at the same time. Our customers stand a chance of winning over US $ 1 billion when they play these lotteries this week.”

Both the Mega Millions and US Powerball lotteries are synonymous with offering record-breaking jackpots. The largest Mega Millions jackpot was a massive US $1.537 billion won by an anonymous winner in October 2018 . January 2016 saw the US Powerball record its highest ever jackpot, US $1.586 billion won by John and Lisa Robinson .

Lottery players from Canada have a chance to enter both of these lotteries and stand a chance of winning a combined US $1 .165 billion. On PlayHugeLottos.com, new customers can purchase a ticket for the Mega Millions lottery and receive a Powerball ticket for free.

To play the Mega Millions and US Powerball, you will need to:

/PRNewswire/ — The US Powerball and Mega Millions lotteries have hit colossal jackpot amounts, as lottery players from around the world rush to buy their…