USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 17, 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 $15,600,000 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, Sep 17, 1997
Jackpot:$15,600,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$278,150$66,122$14,742$197,286
2$289,276$70,016$15,332$203,928
3$300,847$74,066$15,945$210,836
4$312,880$78,277$16,583$218,020
5$325,396$82,658$17,246$225,492
6$338,411$87,213$17,936$233,262
7$351,948$91,951$18,653$241,344
8$366,026$96,878$19,399$249,748
9$380,667$102,003$20,175$258,489
10$395,894$107,332$20,982$267,579
11$411,729$112,874$21,822$277,033
12$428,198$118,639$22,695$286,865
13$445,326$124,633$23,602$297,091
14$463,139$130,868$24,546$307,725
15$481,665$137,352$25,528$318,785
16$500,932$144,095$26,549$330,287
17$520,969$151,108$27,611$342,249
18$541,808$158,402$28,716$354,690
19$563,480$165,987$29,864$367,628
20$586,019$173,876$31,059$381,084
21$609,460$182,080$32,301$395,078
22$633,838$190,613$33,593$409,632
23$659,192$199,858$34,937$424,396
24$685,560$209,614$36,335$439,611
25$712,982$219,761$37,788$455,433
26$741,501$230,313$39,300$471,889
27$771,161$241,287$40,872$489,003
28$802,008$252,700$42,506$506,801
29$834,088$264,570$44,207$525,312
30$867,451$276,914$45,975$544,562
Total$15,600,000$4,542,060$826,799$10,231,138

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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.