USA Mega

Iowa Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $209,200,000 for a ticket purchased in Iowa, 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Iowa

Drawing Date:Sat, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 3.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$141,742$2,251,173
2$3,879,259$1,392,346$147,412$2,339,501
3$4,034,429$1,449,759$153,308$2,431,362
4$4,195,807$1,509,469$159,441$2,526,897
5$4,363,639$1,571,567$165,818$2,626,254
6$4,538,184$1,636,148$172,451$2,729,585
7$4,719,712$1,703,314$179,349$2,837,049
8$4,908,500$1,773,165$186,523$2,948,812
9$5,104,840$1,845,811$193,984$3,065,045
10$5,309,034$1,921,363$201,743$3,185,928
11$5,521,395$1,999,936$209,813$3,311,646
12$5,742,251$2,081,653$218,206$3,442,392
13$5,971,941$2,166,638$226,934$3,578,369
14$6,210,819$2,255,023$236,011$3,719,784
15$6,459,251$2,346,943$245,452$3,866,857
16$6,717,621$2,442,540$255,270$4,019,812
17$6,986,326$2,541,961$265,480$4,178,885
18$7,265,779$2,645,359$276,100$4,344,321
19$7,556,411$2,752,892$287,144$4,516,375
20$7,858,667$2,864,727$298,629$4,695,311
21$8,173,014$2,981,035$310,575$4,881,404
22$8,499,934$3,101,996$322,997$5,074,941
23$8,839,932$3,227,795$335,917$5,276,219
24$9,193,529$3,358,626$349,354$5,485,549
25$9,561,270$3,494,690$363,328$5,703,252
26$9,943,721$3,636,197$377,861$5,929,662
27$10,341,470$3,783,364$392,976$6,165,130
28$10,755,128$3,936,418$408,695$6,410,016
29$11,185,334$4,095,594$425,043$6,664,697
30$11,632,747$4,261,137$442,044$6,929,566
Total$209,200,000$76,114,607$7,949,600$125,135,794

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.