USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Dec 14, 1994

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The tax information provided here is based on 2026 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 $13,100,000 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:Wed, Dec 14, 1994
Jackpot:$13,100,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$233,574$51,200$12,379$169,995
2$242,917$54,190$12,875$175,853
3$252,634$57,299$13,390$181,945
4$262,739$60,728$13,925$188,086
5$273,249$64,406$14,482$194,360
6$284,179$68,232$15,061$200,886
7$295,546$72,210$15,664$207,672
8$307,368$76,348$16,290$214,729
9$319,663$80,651$16,942$222,069
10$332,449$85,126$17,620$229,703
11$345,747$89,781$18,325$237,642
12$359,577$94,621$19,058$245,898
13$373,960$99,655$19,820$254,485
14$388,918$104,891$20,613$263,415
15$404,475$110,336$21,437$272,702
16$420,654$115,998$22,295$282,361
17$437,480$121,887$23,186$292,406
18$454,979$128,012$24,114$302,854
19$473,179$134,382$25,078$313,718
20$492,106$141,006$26,082$325,018
21$511,790$147,896$27,125$336,769
22$532,262$155,061$28,210$348,991
23$553,552$162,512$29,338$361,701
24$575,694$170,262$30,512$374,920
25$598,722$178,322$31,732$388,668
26$622,671$186,704$33,002$402,965
27$647,578$195,561$34,322$417,695
28$673,481$205,145$35,694$432,641
29$700,420$215,113$37,122$448,185
30$728,437$225,479$38,607$464,351
Total$13,100,000$3,653,014$694,300$8,752,683

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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.