USA Mega

Iowa Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Iowa

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$404,402$3,878,864
2$7,077,034$2,581,458$424,622$4,070,955
3$7,430,886$2,712,383$445,853$4,272,650
4$7,802,430$2,849,854$468,146$4,484,430
5$8,192,552$2,994,199$491,553$4,706,799
6$8,602,179$3,145,761$516,131$4,940,287
7$9,032,289$3,304,902$541,937$5,185,449
8$9,483,903$3,471,999$569,034$5,442,870
9$9,958,098$3,647,451$597,486$5,713,161
10$10,456,003$3,831,676$627,360$5,996,967
11$10,978,803$4,025,112$658,728$6,294,963
12$11,527,743$4,228,220$691,665$6,607,859
13$12,104,130$4,441,483$726,248$6,936,399
14$12,709,337$4,665,410$762,560$7,281,367
15$13,344,804$4,900,532$800,688$7,643,583
16$14,012,044$5,147,411$840,723$8,023,910
17$14,712,646$5,406,634$882,759$8,423,253
18$15,448,278$5,678,818$926,897$8,842,564
19$16,220,692$5,964,611$973,242$9,282,839
20$17,031,727$6,264,694$1,021,904$9,745,129
21$17,883,313$6,579,781$1,072,999$10,230,533
22$18,777,479$6,910,622$1,126,649$10,740,208
23$19,716,353$7,258,006$1,182,981$11,275,366
24$20,702,170$7,622,758$1,242,130$11,837,282
25$21,737,279$8,005,748$1,304,237$12,427,294
26$22,824,143$8,407,888$1,369,449$13,046,807
27$23,965,350$8,830,135$1,437,921$13,697,295
28$25,163,617$9,273,493$1,509,817$14,380,307
29$26,421,798$9,739,020$1,585,308$15,097,470
30$27,742,888$10,227,824$1,664,573$15,850,491
Total$447,800,001$164,574,650$26,868,002$256,357,351

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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.