USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 30, 2023

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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 $613,000,000 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 prize money, as well as deductions claimed.

State:

Idaho

Drawing Date:Mon, Jan 30, 2023
Jackpot:$613,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,226,530$3,376,771$535,139$5,314,620
2$9,687,856$3,547,462$561,896$5,578,499
3$10,172,249$3,726,687$589,990$5,855,571
4$10,680,862$3,914,874$619,490$6,146,498
5$11,214,904$4,112,470$650,464$6,451,970
6$11,775,650$4,319,945$682,988$6,772,717
7$12,364,433$4,537,795$717,137$7,109,500
8$12,982,654$4,766,537$752,994$7,463,123
9$13,631,787$5,006,716$790,644$7,834,427
10$14,313,376$5,258,904$830,176$8,224,296
11$15,029,045$5,523,702$871,685$8,633,659
12$15,780,497$5,801,739$915,269$9,063,489
13$16,569,522$6,093,678$961,032$9,514,811
14$17,397,998$6,400,214$1,009,084$9,988,700
15$18,267,898$6,722,077$1,059,538$10,486,283
16$19,181,293$7,060,033$1,112,515$11,008,745
17$20,140,357$7,414,887$1,168,141$11,557,329
18$21,147,375$7,787,484$1,226,548$12,133,344
19$22,204,744$8,178,710$1,287,875$12,738,158
20$23,314,981$8,589,498$1,352,269$13,373,214
21$24,480,730$9,020,825$1,419,882$14,040,023
22$25,704,767$9,473,719$1,490,876$14,740,171
23$26,990,005$9,949,257$1,565,420$15,475,328
24$28,339,505$10,448,572$1,643,691$16,247,242
25$29,756,480$10,972,853$1,725,876$17,057,752
26$31,244,305$11,523,348$1,812,170$17,908,787
27$32,806,520$12,101,367$1,902,778$18,802,374
28$34,446,845$12,708,288$1,997,917$19,740,641
29$36,169,188$13,345,554$2,097,813$20,725,820
30$37,977,648$14,014,685$2,202,704$21,760,259
Total$613,000,001$225,698,651$35,554,001$351,747,350

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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.