USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jul 22, 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 $65,400,000 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 22, 2000
Jackpot:$65,400,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,166,088$387,410$61,803$716,876
2$1,212,732$404,668$64,275$743,789
3$1,261,241$422,617$66,846$771,779
4$1,311,691$441,283$69,520$800,888
5$1,364,159$460,696$72,300$831,162
6$1,418,725$480,885$75,192$862,647
7$1,475,474$501,883$78,200$895,391
8$1,534,493$523,720$81,328$929,445
9$1,595,873$546,430$84,581$964,861
10$1,659,708$570,049$87,964$1,001,694
11$1,726,096$594,613$91,483$1,040,000
12$1,795,140$620,159$95,142$1,079,838
13$1,866,945$646,727$98,948$1,121,270
14$1,941,623$674,358$102,906$1,164,359
15$2,019,288$703,094$107,022$1,209,172
16$2,100,059$732,979$111,303$1,255,777
17$2,184,062$764,060$115,755$1,304,246
18$2,271,424$796,384$120,385$1,354,655
19$2,362,281$830,001$125,201$1,407,079
20$2,456,773$864,963$130,209$1,461,601
21$2,555,043$901,323$135,417$1,518,303
22$2,657,245$939,138$140,834$1,577,273
23$2,763,535$978,465$146,467$1,638,602
24$2,874,076$1,019,366$152,326$1,702,385
25$2,989,039$1,061,902$158,419$1,768,719
26$3,108,601$1,106,140$164,756$1,837,706
27$3,232,945$1,152,147$171,346$1,909,452
28$3,362,263$1,199,995$178,200$1,984,068
29$3,496,753$1,249,756$185,328$2,061,669
30$3,636,624$1,301,508$192,741$2,142,375
Total$65,400,000$22,876,719$3,466,197$39,057,081

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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.