USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for May 18, 2002

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $10,000,000 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, May 18, 2002
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$178,301$35,835$10,341$132,125
2$185,433$37,546$10,755$137,131
3$192,850$39,399$11,185$142,266
4$200,564$41,867$11,633$147,065
5$208,587$44,434$12,098$152,055
6$216,930$47,104$12,582$157,244
7$225,608$49,881$13,085$162,641
8$234,632$52,769$13,609$168,255
9$244,017$55,781$14,153$174,083
10$253,778$59,197$14,719$179,862
11$263,929$62,750$15,308$185,871
12$274,486$66,445$15,920$192,121
13$285,466$70,288$16,557$198,621
14$296,884$74,284$17,219$205,381
15$308,760$78,441$17,908$212,411
16$321,110$82,763$18,624$219,722
17$333,954$87,259$19,369$227,326
18$347,313$91,934$20,144$235,234
19$361,205$96,797$20,950$243,459
20$375,653$101,853$21,788$252,012
21$390,679$107,113$22,659$260,907
22$406,307$112,582$23,566$270,159
23$422,559$118,270$24,508$279,780
24$439,461$124,186$25,489$289,786
25$457,040$130,339$26,508$300,193
26$475,321$136,737$27,569$311,015
27$494,334$143,392$28,671$322,271
28$514,107$150,312$29,818$333,977
29$534,672$157,510$31,011$346,151
30$556,059$164,995$32,251$358,812
Total$10,000,000$2,622,063$579,997$6,797,936

◄ Back to Jackpot Analysis

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.