USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jul 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 $30,200,000 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, Jul 13, 2002
Jackpot:$30,200,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$538,469$158,011$30,666$349,792
2$560,008$165,550$31,892$362,565
3$582,408$173,390$33,168$375,850
4$605,704$181,544$34,495$389,666
5$629,933$190,095$35,875$403,963
6$655,130$199,418$37,310$418,402
7$681,335$209,114$38,802$433,419
8$708,588$219,198$40,354$449,036
9$736,932$229,685$41,968$465,279
10$766,409$240,592$43,647$482,171
11$797,066$251,935$45,393$499,738
12$828,948$263,731$47,209$518,009
13$862,106$276,000$49,097$537,010
14$896,590$288,759$51,061$556,771
15$932,454$302,028$53,103$577,323
16$969,752$315,829$55,227$598,696
17$1,008,542$330,181$57,436$620,925
18$1,048,884$345,107$59,734$644,043
19$1,090,839$360,631$62,123$668,085
20$1,134,473$376,775$64,608$693,089
21$1,179,852$393,565$67,193$719,094
22$1,227,046$411,027$69,880$746,138
23$1,276,128$429,188$72,675$774,265
24$1,327,173$448,074$75,582$803,516
25$1,380,260$467,716$78,606$833,938
26$1,435,470$488,144$81,750$865,576
27$1,492,889$509,389$85,020$898,480
28$1,552,605$531,484$88,421$932,700
29$1,614,709$554,462$91,958$968,289
30$1,679,297$578,360$95,636$1,005,301
Total$30,200,000$9,888,982$1,719,889$18,591,129

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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.