The jackpot for the Powerball draw on Wed Oct 30, 2024, is projected to be $39 Million, with an option for a cash payout of $18.6 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 Oct 30, 2024 |
|---|
| Draw Date | Wed Oct 30, 2024 | | Projected Jackpot | $39,000,000 | | Cash Value | $18,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $18,600,000 | | Federal Tax(24%) | $4,464,000 | | Additional Federal Tax | $2,378,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $11,757,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$586,989 |
$177,516
$0 |
$409,473 |
| 2 |
$616,356 |
$188,382
$0 |
$427,974 |
| 3 |
$647,166 |
$199,782
$0 |
$447,384 |
| 4 |
$679,536 |
$211,759
$0 |
$467,777 |
| 5 |
$713,505 |
$224,327
$0 |
$489,178 |
| 6 |
$749,190 |
$237,531
$0 |
$511,659 |
| 7 |
$786,630 |
$251,383
$0 |
$535,247 |
| 8 |
$825,981 |
$265,943
$0 |
$560,038 |
| 9 |
$867,282 |
$281,225
$0 |
$586,057 |
| 10 |
$910,650 |
$297,271
$0 |
$613,379 |
| 11 |
$956,163 |
$314,111
$0 |
$642,052 |
| 12 |
$1,003,977 |
$331,802
$0 |
$672,175 |
| 13 |
$1,054,170 |
$350,373
$0 |
$703,797 |
| 14 |
$1,106,898 |
$369,883
$0 |
$737,015 |
| 15 |
$1,162,239 |
$390,359
$0 |
$771,880 |
| 16 |
$1,220,349 |
$411,860
$0 |
$808,489 |
| 17 |
$1,281,345 |
$434,428
$0 |
$846,917 |
| 18 |
$1,345,422 |
$458,137
$0 |
$887,285 |
| 19 |
$1,412,697 |
$483,028
$0 |
$929,669 |
| 20 |
$1,483,326 |
$509,161
$0 |
$974,165 |
| 21 |
$1,557,504 |
$536,607
$0 |
$1,020,897 |
| 22 |
$1,635,387 |
$565,424
$0 |
$1,069,963 |
| 23 |
$1,717,131 |
$595,669
$0 |
$1,121,462 |
| 24 |
$1,803,009 |
$627,444
$0 |
$1,175,565 |
| 25 |
$1,893,138 |
$660,791
$0 |
$1,232,347 |
| 26 |
$1,987,830 |
$695,827
$0 |
$1,292,003 |
| 27 |
$2,087,202 |
$732,595
$0 |
$1,354,607 |
| 28 |
$2,191,566 |
$771,210
$0 |
$1,420,356 |
| 29 |
$2,301,156 |
$811,758
$0 |
$1,489,398 |
| 30 |
$2,416,206 |
$854,327
$0 |
$1,561,879 |
|
|
