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 $67,000,000 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:  Wed, Dec 7, 2016
Jackpot:$67,000,000
Federal Tax:  25%
State Tax:7.40%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$252,112$74,625$681,710
2$1,058,868$264,717$78,356$715,795
3$1,111,812$277,953$82,274$751,585
4$1,167,403$291,851$86,388$789,164
5$1,225,773$306,443$90,707$828,622
6$1,287,061$321,765$95,243$870,053
7$1,351,414$337,854$100,005$913,556
8$1,418,985$354,746$105,005$959,234
9$1,489,934$372,484$110,255$1,007,196
10$1,564,431$391,108$115,768$1,057,555
11$1,642,653$410,663$121,556$1,110,433
12$1,724,785$431,196$127,634$1,165,955
13$1,811,024$452,756$134,016$1,224,252
14$1,901,576$475,394$140,717$1,285,465
15$1,996,654$499,164$147,752$1,349,738
16$2,096,487$524,122$155,140$1,417,225
17$2,201,311$550,328$162,897$1,488,087
18$2,311,377$577,844$171,042$1,562,491
19$2,426,946$606,736$179,594$1,640,615
20$2,548,293$637,073$188,574$1,722,646
21$2,675,708$668,927$198,002$1,808,779
22$2,809,493$702,373$207,903$1,899,217
23$2,949,968$737,492$218,298$1,994,178
24$3,097,466$774,367$229,213$2,093,887
25$3,252,340$813,085$240,673$2,198,582
26$3,414,957$853,739$252,707$2,308,511
27$3,585,704$896,426$265,342$2,423,936
28$3,764,990$941,247$278,609$2,545,133
29$3,953,239$988,310$292,540$2,672,390
30$4,150,901$1,037,725$307,167$2,806,009
Total$67,000,000$16,750,000$4,958,000$45,292,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.