USA Mega

Iowa Powerball Jackpot Annuity Payout Schedule for Sep 19, 2015

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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 $211,500,000 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, Sep 19, 2015
Jackpot:$211,500,000
Federal Tax:37% marginal rate
State Tax: 3.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,771,066$1,352,315$143,301$2,275,451
2$3,921,909$1,408,126$149,033$2,364,750
3$4,078,785$1,466,171$154,994$2,457,620
4$4,241,936$1,526,537$161,194$2,554,206
5$4,411,614$1,589,317$167,641$2,654,655
6$4,588,078$1,654,609$174,347$2,759,122
7$4,771,601$1,722,513$181,321$2,867,768
8$4,962,466$1,793,133$188,574$2,980,759
9$5,160,964$1,866,577$196,117$3,098,271
10$5,367,403$1,942,959$203,961$3,220,482
11$5,582,099$2,022,397$212,120$3,347,582
12$5,805,383$2,105,012$220,605$3,479,766
13$6,037,598$2,190,932$229,429$3,617,238
14$6,279,102$2,280,288$238,606$3,760,208
15$6,530,266$2,373,219$248,150$3,908,897
16$6,791,477$2,469,867$258,076$4,063,534
17$7,063,136$2,570,381$268,399$4,224,356
18$7,345,661$2,674,915$279,135$4,391,611
19$7,639,488$2,783,631$290,301$4,565,556
20$7,945,067$2,896,695$301,913$4,746,460
21$8,262,870$3,014,282$313,989$4,934,599
22$8,593,385$3,136,573$326,549$5,130,263
23$8,937,120$3,263,755$339,611$5,333,755
24$9,294,605$3,396,024$353,195$5,545,386
25$9,666,389$3,533,584$367,323$5,765,482
26$10,053,045$3,676,647$382,016$5,994,382
27$10,455,166$3,825,432$397,296$6,232,438
28$10,873,373$3,980,168$413,188$6,480,017
29$11,308,308$4,141,094$429,716$6,737,498
30$11,760,640$4,308,457$446,904$7,005,279
Total$211,500,000$76,965,610$8,037,004$126,497,391

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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.