Jackpot Analysis New Hampshire Powerball

Jackpot Analysis for New Hampshire Powerball
The jackpot for the Powerball draw on Wed Nov 13, 2024, is projected to be $113 Million, with an option for a cash payout of $53.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in New Hampshire, the bright side is you won't have to pay any state taxes on your lottery prize.

New Hampshire Powerball Jackpot/Cash Option for Wed Nov 13, 2024
Draw DateWed Nov 13, 2024
Projected Jackpot$113,000,000
Cash Value$53,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$53,400,000
Federal Tax(24%)$12,816,000
Additional Federal Tax$6,902,330
State Tax(0%)$0
Net Lumpsum Payment$33,681,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,700,763 $589,613
$0
$1,111,150
2 $1,785,852 $621,096
$0
$1,164,756
3 $1,875,122 $654,126
$0
$1,220,996
4 $1,968,912 $688,828
$0
$1,280,084
5 $2,067,335 $725,244
$0
$1,342,091
6 $2,170,730 $763,500
$0
$1,407,230
7 $2,279,210 $803,638
$0
$1,475,572
8 $2,393,227 $845,824
$0
$1,547,403
9 $2,512,894 $890,101
$0
$1,622,793
10 $2,638,550 $936,594
$0
$1,701,956
11 $2,770,421 $985,386
$0
$1,785,035
12 $2,908,959 $1,036,645
$0
$1,872,314
13 $3,054,390 $1,090,455
$0
$1,963,935
14 $3,207,166 $1,146,982
$0
$2,060,184
15 $3,367,513 $1,206,310
$0
$2,161,203
16 $3,535,883 $1,268,607
$0
$2,267,276
17 $3,712,615 $1,333,998
$0
$2,378,617
18 $3,898,274 $1,402,692
$0
$2,495,582
19 $4,093,199 $1,474,814
$0
$2,618,385
20 $4,297,842 $1,550,532
$0
$2,747,310
21 $4,512,768 $1,630,055
$0
$2,882,713
22 $4,738,429 $1,713,549
$0
$3,024,880
23 $4,975,277 $1,801,183
$0
$3,174,094
24 $5,224,103 $1,893,248
$0
$3,330,855
25 $5,485,246 $1,989,871
$0
$3,495,375
26 $5,759,610 $2,091,386
$0
$3,668,224
27 $6,047,534 $2,197,918
$0
$3,849,616
28 $6,349,922 $2,309,802
$0
$4,040,120
29 $6,667,452 $2,427,288
$0
$4,240,164
30 $7,000,802 $2,550,627
$0
$4,450,175