The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. Powerballs 1 billion jackpot is the third-highest ever, but the amount you actually take home will vary based on where you live. Here are Saturday’s winning lottery numbers: 11-19-21-29-52, Powerball: 17, Power Play: 4X. The payouts are graduated so they increase 5 percent year-on-year. 9 of 51 states don’t levy any income tax at all. The latest New York Powerball drawing took place on Monday, November 20, 2023, offering a jackpot worth 295.5 Million. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years. The tax rates vary from 0 to 8, with the State of New York levying the largest tax rate.
