USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jul 15, 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 $50,600,000 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:Sat, Jul 15, 2000
Jackpot:$50,600,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$902,203$289,772$47,817$564,614
2$938,291$303,125$49,729$585,437
3$975,823$317,012$51,719$607,092
4$1,014,856$331,454$53,787$629,614
5$1,055,450$346,474$55,939$653,037
6$1,097,668$362,094$58,176$677,397
7$1,141,575$378,340$60,503$702,731
8$1,187,238$395,235$62,924$729,079
9$1,234,727$412,806$65,441$756,480
10$1,284,116$431,080$68,058$784,978
11$1,335,481$450,085$70,780$814,615
12$1,388,900$469,850$73,612$845,438
13$1,444,456$490,406$76,556$877,494
14$1,502,234$511,784$79,618$910,832
15$1,562,324$534,017$82,803$945,504
16$1,624,817$557,139$86,115$981,562
17$1,689,809$581,187$89,560$1,019,063
18$1,757,402$606,196$93,142$1,058,064
19$1,827,698$632,205$96,868$1,098,624
20$1,900,806$659,255$100,743$1,140,808
21$1,976,838$687,387$104,772$1,184,678
22$2,055,911$716,644$108,963$1,230,304
23$2,138,148$747,072$113,322$1,277,754
24$2,223,674$778,717$117,855$1,327,103
25$2,312,621$811,627$122,569$1,378,425
26$2,405,126$845,854$127,472$1,431,800
27$2,501,331$881,450$132,571$1,487,311
28$2,601,384$918,469$137,873$1,545,041
29$2,705,439$956,970$143,388$1,605,081
30$2,813,657$997,010$149,124$1,667,523
Total$50,600,000$17,400,716$2,681,799$30,517,483

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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.