USA Mega

Iowa Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 3.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$33,877$570,751
2$927,165$300,071$35,232$591,862
3$964,252$313,793$36,642$613,817
4$1,002,822$328,064$38,107$636,650
5$1,042,935$342,906$39,632$660,397
6$1,084,652$358,342$41,217$685,094
7$1,128,038$374,394$42,865$710,778
8$1,173,160$391,089$44,580$737,490
9$1,220,086$408,452$46,363$765,271
10$1,268,890$426,509$48,218$794,162
11$1,319,645$445,289$50,147$824,210
12$1,372,431$464,820$52,152$855,459
13$1,427,328$485,132$54,238$887,958
14$1,484,421$506,256$56,408$921,757
15$1,543,798$528,226$58,664$956,908
16$1,605,550$551,074$61,011$993,465
17$1,669,772$574,836$63,451$1,031,485
18$1,736,563$599,549$65,989$1,071,025
19$1,806,025$625,250$68,629$1,112,147
20$1,878,266$651,979$71,374$1,154,914
21$1,953,397$679,777$74,229$1,199,391
22$2,031,533$708,687$77,198$1,245,647
23$2,112,794$738,754$80,286$1,293,754
24$2,197,306$770,024$83,498$1,343,785
25$2,285,198$802,544$86,838$1,395,817
26$2,376,606$836,365$90,311$1,449,931
27$2,471,671$871,538$93,923$1,506,209
28$2,570,537$908,119$97,680$1,564,738
29$2,673,359$946,163$101,588$1,625,608
30$2,780,293$985,729$105,651$1,688,913
Total$50,000,000$17,210,608$1,899,998$30,889,393

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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.