USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 15, 1997

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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 $9,200,000 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, Jan 15, 1997
Jackpot:$9,200,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$164,037$31,967$8,694$123,376
2$170,598$33,542$9,042$128,015
3$177,422$35,179$9,403$132,840
4$184,519$36,883$9,780$137,857
5$191,900$38,654$10,171$143,075
6$199,576$40,496$10,578$148,502
7$207,559$42,875$11,001$153,684
8$215,861$45,532$11,441$158,889
9$224,496$48,295$11,898$164,303
10$233,476$51,168$12,374$169,933
11$242,815$54,157$12,869$175,789
12$252,527$57,265$13,384$181,879
13$262,628$60,689$13,919$188,020
14$273,134$64,366$14,476$194,291
15$284,059$68,190$15,055$200,814
16$295,421$72,167$15,657$207,597
17$307,238$76,303$16,284$214,652
18$319,528$80,604$16,935$221,989
19$332,309$85,077$17,612$229,619
20$345,601$89,730$18,317$237,555
21$359,425$94,568$19,050$245,808
22$373,802$99,600$19,812$254,391
23$388,754$104,833$20,604$263,317
24$404,304$110,276$21,428$272,600
25$420,476$115,936$22,285$282,255
26$437,296$121,823$23,177$292,296
27$454,787$127,945$24,104$302,739
28$472,979$134,312$25,068$313,599
29$491,898$140,934$26,071$324,894
30$511,574$147,820$27,113$336,640
Total$9,200,000$2,311,186$487,602$6,401,218

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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.