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Powerball Annuity Jackpot Analysis for Idaho (Nov. 10, 2018 Drawing)

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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 $92,000,000 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:  Nov. 10, 2018
Jackpot:$92,000,000
Federal Tax:  24%
State Tax:6.93%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,384,732$332,336$95,893$956,504
2$1,453,969$348,952$100,687$1,004,329
3$1,526,667$366,400$105,722$1,054,545
4$1,603,000$384,720$111,008$1,107,273
5$1,683,150$403,956$116,558$1,162,636
6$1,767,308$424,154$122,386$1,220,768
7$1,855,673$445,362$128,505$1,281,806
8$1,948,457$467,630$134,931$1,345,897
9$2,045,880$491,011$141,677$1,413,192
10$2,148,174$515,562$148,761$1,483,851
11$2,255,583$541,340$156,199$1,558,044
12$2,368,362$568,407$164,009$1,635,946
13$2,486,780$596,827$172,209$1,717,743
14$2,611,119$626,669$180,820$1,803,630
15$2,741,675$658,002$189,861$1,893,812
16$2,878,758$690,902$199,354$1,988,502
17$3,022,696$725,447$209,322$2,087,927
18$3,173,831$761,719$219,788$2,192,324
19$3,332,523$799,805$230,777$2,301,940
20$3,499,149$839,796$242,316$2,417,037
21$3,674,106$881,786$254,432$2,537,889
22$3,857,812$925,875$267,153$2,664,783
23$4,050,702$972,169$280,511$2,798,023
24$4,253,237$1,020,777$294,537$2,937,924
25$4,465,899$1,071,816$309,264$3,084,820
26$4,689,194$1,125,407$324,727$3,239,061
27$4,923,654$1,181,677$340,963$3,401,014
28$5,169,837$1,240,761$358,011$3,571,065
29$5,428,328$1,302,799$375,912$3,749,618
30$5,699,745$1,367,939$394,707$3,937,099
Total$92,000,000$22,080,000$6,371,000$63,549,000
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