USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Feb 14, 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 $68,900,000 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, Feb 14, 2001
Jackpot:$68,900,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,228,494$410,500$65,110$752,884
2$1,277,634$428,682$67,715$781,237
3$1,328,739$447,591$70,423$810,725
4$1,381,888$467,256$73,240$841,392
5$1,437,164$487,708$76,170$873,286
6$1,494,651$508,978$79,216$906,456
7$1,554,437$531,099$82,385$940,953
8$1,616,614$554,104$85,681$976,829
9$1,681,279$578,030$89,108$1,014,141
10$1,748,530$602,913$92,672$1,052,944
11$1,818,471$628,792$96,379$1,093,301
12$1,891,210$655,705$100,234$1,135,271
13$1,966,858$683,695$104,243$1,178,920
14$2,045,533$712,804$108,413$1,224,315
15$2,127,354$743,078$112,750$1,271,526
16$2,212,448$774,563$117,260$1,320,625
17$2,300,946$807,307$121,950$1,371,689
18$2,392,984$841,361$126,828$1,424,794
19$2,488,703$876,777$131,901$1,480,024
20$2,588,251$913,610$137,177$1,537,464
21$2,691,781$951,916$142,664$1,597,201
22$2,799,453$991,755$148,371$1,659,327
23$2,911,431$1,033,187$154,306$1,723,938
24$3,027,888$1,076,276$160,478$1,791,134
25$3,149,003$1,121,088$166,897$1,861,018
26$3,274,963$1,167,694$173,573$1,933,697
27$3,405,962$1,216,163$180,516$2,009,283
28$3,542,201$1,266,571$187,737$2,087,892
29$3,683,889$1,318,996$195,246$2,169,646
30$3,831,244$1,373,518$203,056$2,254,671
Total$68,900,000$24,171,717$3,651,699$41,076,583

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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.