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

Powerball Annuity Jackpot Analysis for Indiana

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 $478,000,000 would be for a resident of Indiana, 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:

Indiana

Drawing Date:  Sat, Jul 30, 2016
Jackpot:$478,000,000
Federal Tax:  25%
State Tax:3.40%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,194,586$1,798,646$244,616$5,151,324
2$7,554,315$1,888,579$256,847$5,408,890
3$7,932,031$1,983,008$269,689$5,679,334
4$8,328,633$2,082,158$283,174$5,963,301
5$8,745,064$2,186,266$297,332$6,261,466
6$9,182,317$2,295,579$312,199$6,574,539
7$9,641,434$2,410,358$327,809$6,903,266
8$10,123,505$2,530,876$344,199$7,248,430
9$10,629,680$2,657,420$361,409$7,610,851
10$11,161,164$2,790,291$379,480$7,991,394
11$11,719,223$2,929,806$398,454$8,390,963
12$12,305,184$3,076,296$418,376$8,810,511
13$12,920,443$3,230,111$439,295$9,251,037
14$13,566,465$3,391,616$461,260$9,713,589
15$14,244,788$3,561,197$484,323$10,199,268
16$14,957,028$3,739,257$508,539$10,709,232
17$15,704,879$3,926,220$533,966$11,244,693
18$16,490,123$4,122,531$560,664$11,806,928
19$17,314,629$4,328,657$588,697$12,397,274
20$18,180,361$4,545,090$618,132$13,017,138
21$19,089,378$4,772,345$649,039$13,667,995
22$20,043,847$5,010,962$681,491$14,351,395
23$21,046,040$5,261,510$715,565$15,068,965
24$22,098,342$5,524,585$751,344$15,822,413
25$23,203,259$5,800,815$788,911$16,613,533
26$24,363,422$6,090,855$828,356$17,444,210
27$25,581,593$6,395,398$869,774$18,316,421
28$26,860,672$6,715,168$913,263$19,232,241
29$28,203,706$7,050,926$958,926$20,193,853
30$29,613,892$7,403,473$1,006,872$21,203,546
Total$478,000,001$119,500,000$16,252,000$342,248,001
<( 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.