USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Aug 28, 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 $55,300,000 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, Aug 28, 2002
Jackpot:$55,300,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$986,004$321,842$56,153$608,010
2$1,025,445$336,435$58,399$630,611
3$1,066,462$351,611$60,735$654,116
4$1,109,121$367,395$63,164$678,562
5$1,153,486$383,810$65,691$703,985
6$1,199,625$400,882$68,319$730,425
7$1,247,610$418,636$71,051$757,923
8$1,297,515$437,101$73,893$786,521
9$1,349,415$456,304$76,849$816,262
10$1,403,392$476,275$79,923$847,193
11$1,459,527$497,045$83,120$879,362
12$1,517,909$518,646$86,445$912,817
13$1,578,625$541,111$89,903$947,611
14$1,641,770$564,475$93,499$983,796
15$1,707,441$588,773$97,239$1,021,429
16$1,775,738$614,043$101,128$1,060,567
17$1,846,768$640,324$105,173$1,101,270
18$1,920,639$667,657$109,380$1,143,602
19$1,997,464$696,082$113,756$1,187,627
20$2,077,363$725,644$118,306$1,233,412
21$2,160,457$756,389$123,038$1,281,030
22$2,246,876$788,364$127,960$1,330,552
23$2,336,751$821,618$133,078$1,382,055
24$2,430,221$856,202$138,401$1,435,618
25$2,527,429$892,169$143,937$1,491,323
26$2,628,527$929,575$149,695$1,549,257
27$2,733,668$968,477$155,682$1,609,508
28$2,843,014$1,008,936$161,910$1,672,169
29$2,956,735$1,051,012$168,386$1,737,337
30$3,075,004$1,094,772$175,121$1,805,111
Total$55,300,000$19,171,605$3,149,334$32,979,061

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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.