USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Idaho

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $166,000,000 would be for a resident of Idaho, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Idaho

Drawing Date:  Sat, Apr 27, 2019
Jackpot:$166,000,000
Federal Tax:  24%
State Tax:6.93%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$599,649$173,024$1,725,865
2$2,623,465$629,632$181,675$1,812,159
3$2,754,638$661,113$190,759$1,902,766
4$2,892,370$694,169$200,297$1,997,905
5$3,036,989$728,877$210,311$2,097,800
6$3,188,838$765,321$220,827$2,202,690
7$3,348,280$803,587$231,868$2,312,825
8$3,515,694$843,767$243,462$2,428,466
9$3,691,479$885,955$255,635$2,549,889
10$3,876,053$930,253$268,417$2,677,384
11$4,069,856$976,765$281,837$2,811,253
12$4,273,348$1,025,604$295,929$2,951,815
13$4,487,016$1,076,884$310,726$3,099,406
14$4,711,367$1,130,728$326,262$3,254,376
15$4,946,935$1,187,264$342,575$3,417,095
16$5,194,282$1,246,628$359,704$3,587,950
17$5,453,996$1,308,959$377,689$3,767,347
18$5,726,695$1,374,407$396,574$3,955,715
19$6,013,030$1,443,127$416,402$4,153,501
20$6,313,682$1,515,284$437,222$4,361,176
21$6,629,366$1,591,048$459,084$4,579,234
22$6,960,834$1,670,600$482,038$4,808,196
23$7,308,876$1,754,130$506,140$5,048,606
24$7,674,319$1,841,837$531,447$5,301,036
25$8,058,035$1,933,928$558,019$5,566,088
26$8,460,937$2,030,625$585,920$5,844,392
27$8,883,984$2,132,156$615,216$6,136,612
28$9,328,183$2,238,764$645,977$6,443,443
29$9,794,592$2,350,702$678,276$6,765,615
30$10,284,322$2,468,237$712,189$7,103,896
Total$166,000,000$39,840,000$11,495,500$114,664,500
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.