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 $100,000,000 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:  Wed, Jun 1, 2016
Jackpot:$100,000,000
Federal Tax:  25%
State Tax:3.40%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,505,144$376,286$51,175$1,077,683
2$1,580,401$395,100$53,734$1,131,567
3$1,659,421$414,855$56,420$1,188,145
4$1,742,392$435,598$59,241$1,247,553
5$1,829,511$457,378$62,203$1,309,930
6$1,920,987$480,247$65,314$1,375,427
7$2,017,036$504,259$68,579$1,444,198
8$2,117,888$529,472$72,008$1,516,408
9$2,223,783$555,946$75,609$1,592,228
10$2,334,972$583,743$79,389$1,671,840
11$2,451,720$612,930$83,358$1,755,432
12$2,574,306$643,577$87,526$1,843,203
13$2,703,022$675,755$91,903$1,935,363
14$2,838,173$709,543$96,498$2,032,132
15$2,980,081$745,020$101,323$2,133,738
16$3,129,085$782,271$106,389$2,240,425
17$3,285,540$821,385$111,708$2,352,446
18$3,449,817$862,454$117,294$2,470,069
19$3,622,307$905,577$123,158$2,593,572
20$3,803,423$950,856$129,316$2,723,251
21$3,993,594$998,398$135,782$2,859,413
22$4,193,274$1,048,318$142,571$3,002,384
23$4,402,937$1,100,734$149,700$3,152,503
24$4,623,084$1,155,771$157,185$3,310,128
25$4,854,238$1,213,560$165,044$3,475,635
26$5,096,950$1,274,238$173,296$3,649,416
27$5,351,798$1,337,949$181,961$3,831,887
28$5,619,388$1,404,847$191,059$4,023,481
29$5,900,357$1,475,089$200,612$4,224,656
30$6,195,375$1,548,844$210,643$4,435,888
Total$100,000,000$25,000,000$3,400,000$71,600,000
<( 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.