USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 13, 2001

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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 $21,200,000 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, Oct 13, 2001
Jackpot:$21,200,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$377,998$101,069$20,034$256,896
2$393,118$106,361$20,835$265,922
3$408,843$111,864$21,669$275,310
4$425,196$117,588$22,535$285,073
5$442,204$123,541$23,437$295,227
6$459,892$129,732$24,374$305,787
7$478,288$136,170$25,349$316,769
8$497,420$142,866$26,363$328,190
9$517,317$149,830$27,418$340,069
10$538,009$157,072$28,514$352,422
11$559,530$164,605$29,655$365,270
12$581,911$172,438$30,841$378,631
13$605,187$180,585$32,075$392,527
14$629,395$189,057$33,358$406,979
15$654,570$198,148$34,692$421,730
16$680,753$207,836$36,080$436,837
17$707,983$217,911$37,523$452,549
18$736,303$228,389$39,024$468,889
19$765,755$239,287$40,585$485,883
20$796,385$250,620$42,208$503,557
21$828,240$262,406$43,897$521,937
22$861,370$274,664$45,653$541,053
23$895,825$287,412$47,479$560,934
24$931,658$300,671$49,378$581,609
25$968,924$314,459$51,353$603,112
26$1,007,681$328,799$53,407$625,475
27$1,047,988$343,713$55,543$648,732
28$1,089,908$359,223$57,765$672,920
29$1,133,504$375,354$60,076$698,075
30$1,178,844$392,130$62,479$724,236
Total$21,200,000$6,563,800$1,123,599$13,512,600

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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.