USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Feb 24, 2024

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

The tax information provided here is based on 2024 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 $376,000,000 for a ticket purchased in Idaho, 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:

Idaho

Drawing Date:Sat, Feb 24, 2024
Jackpot:$376,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,659,340$2,052,143$328,242$3,278,954
2$5,942,307$2,156,841$344,654$3,440,812
3$6,239,422$2,266,774$361,886$3,610,762
4$6,551,393$2,382,203$379,981$3,789,209
5$6,878,962$2,503,404$398,980$3,976,579
6$7,222,911$2,630,665$418,929$4,173,317
7$7,584,056$2,764,289$439,875$4,379,893
8$7,963,259$2,904,594$461,869$4,596,797
9$8,361,422$3,051,914$484,962$4,824,546
10$8,779,493$3,206,600$509,211$5,063,682
11$9,218,468$3,369,021$534,671$5,314,776
12$9,679,391$3,539,563$561,405$5,578,424
13$10,163,361$3,718,631$589,475$5,855,255
14$10,671,529$3,906,653$618,949$6,145,927
15$11,205,105$4,104,077$649,896$6,451,132
16$11,765,361$4,311,371$682,391$6,771,599
17$12,353,629$4,529,030$716,510$7,108,088
18$12,971,310$4,757,572$752,336$7,461,402
19$13,619,875$4,997,542$789,953$7,832,381
20$14,300,869$5,249,509$829,450$8,221,910
21$15,015,913$5,514,075$870,923$8,630,914
22$15,766,708$5,791,870$914,469$9,060,369
23$16,555,044$6,083,554$960,193$9,511,297
24$17,382,796$6,389,822$1,008,202$9,984,771
25$18,251,936$6,711,404$1,058,612$10,481,919
26$19,164,533$7,049,065$1,111,543$11,003,925
27$20,122,759$7,403,609$1,167,120$11,552,031
28$21,128,897$7,775,880$1,225,476$12,127,541
29$22,185,342$8,166,764$1,286,750$12,731,828
30$23,294,609$8,577,193$1,351,087$13,366,329
Total$376,000,001$137,865,632$21,808,000$216,326,369

◄ 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.