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Iowa Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

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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 $181,100,000 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:Wed, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 3.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$103,581$1,656,662
2$2,862,106$1,015,999$108,760$1,737,346
3$3,005,211$1,068,948$114,198$1,822,065
4$3,155,472$1,124,545$119,908$1,911,019
5$3,313,245$1,182,921$125,903$2,004,421
6$3,478,907$1,244,216$132,198$2,102,493
7$3,652,853$1,308,576$138,808$2,205,469
8$3,835,495$1,376,154$145,749$2,313,593
9$4,027,270$1,447,110$153,036$2,427,124
10$4,228,634$1,521,615$160,688$2,546,331
11$4,440,065$1,599,844$168,722$2,671,498
12$4,662,069$1,681,986$177,159$2,802,924
13$4,895,172$1,768,234$186,017$2,940,922
14$5,139,931$1,858,795$195,317$3,085,819
15$5,396,927$1,953,883$205,083$3,237,961
16$5,666,773$2,053,726$215,337$3,397,710
17$5,950,112$2,158,562$226,104$3,565,446
18$6,247,618$2,268,639$237,409$3,741,569
19$6,559,999$2,384,220$249,280$3,926,499
20$6,887,999$2,505,580$261,744$4,120,675
21$7,232,398$2,633,008$274,831$4,324,560
22$7,594,018$2,766,807$288,573$4,538,639
23$7,973,719$2,907,296$303,001$4,763,422
24$8,372,405$3,054,810$318,151$4,999,444
25$8,791,025$3,209,700$334,059$5,247,267
26$9,230,577$3,372,334$350,762$5,507,481
27$9,692,106$3,543,099$368,300$5,780,706
28$10,176,711$3,722,403$386,715$6,067,593
29$10,685,546$3,910,672$406,051$6,368,823
30$11,219,824$4,108,355$426,353$6,685,115
Total$181,100,000$65,717,609$6,881,797$108,500,596

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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.