USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 29, 2000

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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 $130,700,000 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, Nov 29, 2000
Jackpot:$130,700,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,330,394$818,203$123,511$1,388,680
2$2,423,610$852,693$128,451$1,442,466
3$2,520,554$888,562$133,589$1,498,402
4$2,621,376$925,866$138,933$1,556,577
5$2,726,231$964,663$144,490$1,617,078
6$2,835,281$1,005,011$150,270$1,680,000
7$2,948,692$1,046,973$156,281$1,745,438
8$3,066,639$1,090,614$162,532$1,813,494
9$3,189,305$1,136,000$169,033$1,884,272
10$3,316,877$1,183,202$175,794$1,957,881
11$3,449,552$1,232,292$182,826$2,034,434
12$3,587,534$1,283,345$190,139$2,114,050
13$3,731,036$1,336,440$197,745$2,196,850
14$3,880,277$1,391,660$205,655$2,282,963
15$4,035,488$1,449,088$213,881$2,372,520
16$4,196,908$1,508,813$222,436$2,465,659
17$4,364,784$1,570,927$231,334$2,562,523
18$4,539,376$1,635,526$240,587$2,663,262
19$4,720,951$1,702,709$250,210$2,768,031
20$4,909,789$1,772,579$260,219$2,876,991
21$5,106,180$1,845,244$270,628$2,990,309
22$5,310,427$1,920,815$281,453$3,108,159
23$5,522,844$1,999,410$292,711$3,230,724
24$5,743,758$2,081,148$304,419$3,358,191
25$5,973,509$2,166,155$316,596$3,490,757
26$6,212,449$2,254,563$329,260$3,628,626
27$6,460,947$2,346,508$342,430$3,772,009
28$6,719,385$2,442,130$356,127$3,921,128
29$6,988,160$2,541,576$370,372$4,076,211
30$7,267,686$2,645,001$385,187$4,237,498
Total$130,700,000$47,037,716$6,927,099$76,735,183

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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.