USA Mega

Iowa Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2021 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 $285,600,000 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 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 8.53%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$366,678$2,377,424
2$4,513,624$1,634,113$385,012$2,494,499
3$4,739,306$1,717,615$404,263$2,617,427
4$4,976,271$1,805,293$424,476$2,746,503
5$5,225,084$1,897,353$445,700$2,882,031
6$5,486,339$1,994,018$467,985$3,024,336
7$5,760,656$2,095,515$491,384$3,173,757
8$6,048,688$2,202,087$515,953$3,330,648
9$6,351,123$2,313,988$541,751$3,495,384
10$6,668,679$2,431,483$568,838$3,668,357
11$7,002,113$2,554,854$597,280$3,849,979
12$7,352,219$2,684,393$627,144$4,040,681
13$7,719,829$2,820,409$658,501$4,240,919
14$8,105,821$2,963,226$691,427$4,451,168
15$8,511,112$3,113,184$725,998$4,671,930
16$8,936,668$3,270,639$762,298$4,903,731
17$9,383,501$3,435,968$800,413$5,147,121
18$9,852,676$3,609,562$840,433$5,402,680
19$10,345,310$3,791,837$882,455$5,671,018
20$10,862,575$3,983,225$926,578$5,952,772
21$11,405,704$4,184,183$972,907$6,248,615
22$11,975,989$4,395,188$1,021,552$6,559,249
23$12,574,789$4,616,744$1,072,629$6,885,415
24$13,203,528$4,849,378$1,126,261$7,227,889
25$13,863,704$5,093,643$1,182,574$7,587,487
26$14,556,890$5,350,121$1,241,703$7,965,066
27$15,284,734$5,619,424$1,303,788$8,361,522
28$16,048,971$5,902,191$1,368,977$8,777,802
29$16,851,419$6,199,097$1,437,426$9,214,896
30$17,693,990$6,510,849$1,509,297$9,673,844
Total$285,600,001$104,594,167$24,361,681$156,644,150

◄ Back to Jackpot Analysis

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.