USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for May 10, 1995

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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 $27,600,000 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, May 10, 1995
Jackpot:$27,600,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$492,111$141,008$26,082$325,021
2$511,795$147,898$27,125$336,772
3$532,267$155,063$28,210$348,994
4$553,558$162,514$29,339$361,705
5$575,700$170,264$30,512$374,924
6$598,728$178,324$31,733$388,671
7$622,677$186,706$33,002$402,969
8$647,584$195,563$34,322$417,699
9$673,488$205,148$35,695$432,645
10$700,427$215,115$37,123$448,189
11$728,444$225,482$38,608$464,355
12$757,582$236,263$40,152$481,167
13$787,885$247,475$41,758$498,652
14$819,401$259,135$43,428$516,837
15$852,177$271,263$45,165$535,749
16$886,264$283,875$46,972$555,417
17$921,714$296,991$48,851$575,872
18$958,583$310,633$50,805$597,145
19$996,926$324,820$52,837$619,269
20$1,036,803$339,574$54,951$642,278
21$1,078,275$354,919$57,149$666,208
22$1,121,406$370,878$59,435$691,094
23$1,166,262$387,474$61,812$716,976
24$1,212,913$404,735$64,284$743,894
25$1,261,429$422,686$66,856$771,888
26$1,311,887$441,355$69,530$801,001
27$1,364,362$460,771$72,311$831,280
28$1,418,937$480,964$75,204$862,769
29$1,475,694$501,964$78,212$895,518
30$1,534,722$523,804$81,340$929,577
Total$27,600,000$8,902,664$1,462,803$17,234,535

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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.