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Puerto Rico Powerball Winner Claims Prize, Chooses To Stay Anonymous

Puerto Rico’s Powerball winner presented one of three winning tickets to last week’s $564 million jackpot, island lottery officials said on Thursday.

But the lucky island resident, who will share the prize with the Texas and North Carolina winners, has chosen to remain anonymous.

The lucky person, who bought the ticket at a Shell station in Ponce, Puerto Rico, is not a resident of that southern city, according to Puerto Rico Lottery officials.

The winner has 60 days to decide if he or she wants a lump sum of $101 million or 30 payments over 30 years.

“For those who doubted that this prize could be won on the island, this is proof that the possibilities are real,” said the Assistant Secretary to the Puerto Rico lottery.

Puerto Rico's Powerball winner presented one of three winning tickets to last week's $564 million jackpot, island lottery officials said on Thursday.

Puerto Rico Powerball Jackpot Annuity Payout Schedule for Jan 27, 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 $20,000,000 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 $301,029 $79,904 $0 $221,124
2 $316,080 $85,172 $0 $230,908
3 $331,884 $90,704 $0 $241,180
4 $348,478 $96,512 $0 $251,967
5 $365,902 $102,610 $0 $263,292
6 $384,197 $109,013 $0 $275,184
7 $403,407 $115,737 $0 $287,670
8 $423,578 $122,796 $0 $300,781
9 $444,757 $130,209 $0 $314,547
10 $466,994 $137,992 $0 $329,002
11 $490,344 $146,165 $0 $344,179
12 $514,861 $154,746 $0 $360,116
13 $540,604 $164,096 $0 $376,508
14 $567,635 $174,097 $0 $393,537
15 $596,016 $184,598 $0 $411,418
16 $625,817 $195,625 $0 $430,192
17 $657,108 $207,202 $0 $449,906
18 $689,963 $219,359 $0 $470,605
19 $724,461 $232,123 $0 $492,338
20 $760,685 $245,526 $0 $515,159
21 $798,719 $259,598 $0 $539,121
22 $838,655 $274,374 $0 $564,280
23 $880,587 $289,890 $0 $590,698
24 $924,617 $306,180 $0 $618,436
25 $970,848 $323,286 $0 $647,562
26 $1,019,390 $341,247 $0 $678,143
27 $1,070,360 $360,105 $0 $710,254
28 $1,123,878 $379,907 $0 $743,971
29 $1,180,071 $400,699 $0 $779,373
30 $1,239,075 $422,530 $0 $816,545
Total $20,000,000 $6,352,002 $0 $13,647,996

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. ]]>