USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jul 16, 1997

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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 $19,800,000 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, Jul 16, 1997
Jackpot:$19,800,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$353,036$93,937$20,105$238,993
2$367,157$98,880$20,910$247,368
3$381,844$104,020$21,746$256,078
4$397,117$109,366$22,616$265,136
5$413,002$114,926$23,520$274,556
6$429,522$120,708$24,461$284,353
7$446,703$126,721$25,440$294,543
8$464,571$132,975$26,457$305,139
9$483,154$139,479$27,516$316,160
10$502,480$146,243$28,616$327,621
11$522,579$153,278$29,761$339,541
12$543,483$160,594$30,951$351,938
13$565,222$168,202$32,189$364,830
14$587,831$176,116$33,477$378,238
15$611,344$184,385$34,816$392,143
16$635,798$193,433$36,209$406,156
17$661,230$202,843$37,657$420,730
18$687,679$212,629$39,163$435,887
19$715,186$222,807$40,730$451,650
20$743,794$233,391$42,359$468,043
21$773,545$244,399$44,053$485,092
22$804,487$255,848$45,816$502,824
23$836,667$267,754$47,648$521,264
24$870,133$280,137$49,554$540,442
25$904,939$293,015$51,536$560,387
26$941,136$306,408$53,598$581,130
27$978,782$320,337$55,742$602,703
28$1,017,933$334,823$57,971$625,139
29$1,058,650$349,888$60,290$648,472
30$1,100,996$365,556$62,702$672,738
Total$19,800,000$6,113,098$1,127,609$12,559,294

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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.