USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Apr 13, 2002

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The tax information provided here is based on 2025 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 $21,500,000 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, Apr 13, 2002
Jackpot:$21,500,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$383,347$103,719$21,832$257,797
2$398,681$109,086$22,705$266,891
3$414,628$114,667$23,613$276,348
4$431,213$120,472$24,558$286,184
5$448,462$126,509$25,540$296,413
6$466,400$132,787$26,562$307,052
7$485,056$139,317$27,624$318,115
8$504,459$146,108$28,729$329,622
9$524,637$153,170$29,878$341,589
10$545,623$160,515$31,073$354,034
11$567,447$168,154$32,316$366,977
12$590,145$176,098$33,609$380,438
13$613,751$184,360$34,953$394,438
14$638,301$193,192$36,351$408,758
15$663,833$202,639$37,805$423,389
16$690,387$212,463$39,318$438,606
17$718,002$222,681$40,890$454,431
18$746,722$233,307$42,526$470,889
19$776,591$244,359$44,227$488,005
20$807,655$255,852$45,996$505,806
21$839,961$267,806$47,836$524,319
22$873,559$280,237$49,749$543,573
23$908,502$293,166$51,739$563,597
24$944,842$306,612$53,809$584,421
25$982,635$320,595$55,961$606,079
26$1,021,941$335,138$58,200$628,603
27$1,062,818$350,263$60,528$652,028
28$1,105,331$365,993$62,949$676,390
29$1,149,544$382,352$65,467$701,726
30$1,195,526$399,365$68,085$728,076
Total$21,500,000$6,700,982$1,224,428$13,574,594

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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.