USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 28, 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 $26,300,000 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, Jun 28, 2000
Jackpot:$26,300,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$468,932$132,895$24,853$311,183
2$487,689$139,460$25,848$322,381
3$507,196$146,288$26,881$334,027
4$527,484$153,389$27,957$346,139
5$548,584$160,774$29,075$358,735
6$570,527$168,454$30,238$371,835
7$593,348$176,441$31,447$385,460
8$617,082$184,748$32,705$399,629
9$641,765$193,410$34,014$414,341
10$667,436$202,909$35,374$429,153
11$694,133$212,787$36,789$444,558
12$721,899$223,060$38,261$460,578
13$750,775$233,744$39,791$477,240
14$780,806$244,855$41,383$494,568
15$812,038$256,411$43,038$512,589
16$844,519$268,429$44,760$531,330
17$878,300$280,928$46,550$550,822
18$913,432$293,927$48,412$571,093
19$949,969$307,446$50,348$592,175
20$987,968$321,505$52,362$614,100
21$1,027,487$336,127$54,457$636,903
22$1,068,586$351,334$56,635$660,617
23$1,111,330$367,149$58,900$685,280
24$1,155,783$383,597$61,257$710,930
25$1,202,014$400,703$63,707$737,605
26$1,250,095$418,492$66,255$765,348
27$1,300,099$436,994$68,905$794,200
28$1,352,103$456,235$71,661$824,206
29$1,406,187$476,246$74,528$855,413
30$1,462,434$497,058$77,509$887,867
Total$26,300,000$8,425,795$1,393,900$16,480,305

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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.