USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Mar 9, 2002

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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 $21,700,000 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, Mar 9, 2002
Jackpot:$21,700,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$386,913$104,189$20,506$262,218
2$402,390$109,606$21,327$271,457
3$418,485$115,239$22,180$281,066
4$435,225$121,098$23,067$291,060
5$452,634$127,191$23,990$301,453
6$470,739$133,528$24,949$312,262
7$489,569$140,118$25,947$323,503
8$509,151$146,972$26,985$335,194
9$529,517$154,100$28,064$347,353
10$550,698$161,514$29,187$359,997
11$572,726$169,223$30,354$373,148
12$595,635$177,242$31,569$386,825
13$619,460$185,580$32,831$401,049
14$644,239$194,326$34,145$415,769
15$670,008$203,860$35,510$430,638
16$696,809$213,776$36,931$446,101
17$724,681$224,089$38,408$462,184
18$753,668$234,815$39,944$478,909
19$783,815$245,969$41,542$496,304
20$815,168$257,569$43,204$514,394
21$847,774$269,634$44,932$533,209
22$881,685$282,181$46,729$552,775
23$916,953$295,230$48,598$573,124
24$953,631$308,801$50,542$594,288
25$991,776$322,914$52,564$616,298
26$1,031,447$337,593$54,667$639,188
27$1,072,705$352,858$56,853$662,994
28$1,115,613$368,734$59,128$687,752
29$1,160,238$385,245$61,493$713,500
30$1,206,647$402,417$63,952$740,278
Total$21,700,000$6,745,611$1,150,098$13,804,290

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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.