USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Aug 7, 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 $22,100,000 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 7, 2002
Jackpot:$22,100,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$394,045$107,463$22,441$264,141
2$409,807$112,980$23,339$273,489
3$426,199$118,717$24,272$283,210
4$443,247$124,684$25,243$293,321
5$460,977$130,889$26,253$303,835
6$479,416$137,343$27,303$314,771
7$498,593$144,055$28,395$326,143
8$518,537$151,035$29,531$337,971
9$539,278$158,295$30,712$350,272
10$560,849$165,844$31,940$363,064
11$583,283$173,696$33,218$376,369
12$606,614$181,862$34,547$390,205
13$630,879$190,445$35,929$404,505
14$656,114$199,783$37,366$418,966
15$682,359$209,493$38,860$434,005
16$709,653$219,592$40,415$449,646
17$738,039$230,095$42,031$465,913
18$767,561$241,018$43,713$482,830
19$798,263$252,378$45,461$500,425
20$830,194$264,192$47,280$518,722
21$863,402$276,479$49,171$537,752
22$897,938$289,257$51,138$557,543
23$933,855$302,547$53,183$578,125
24$971,209$316,368$55,310$599,531
25$1,010,058$330,742$57,523$621,793
26$1,050,460$345,690$59,824$644,946
27$1,092,478$361,237$62,217$669,024
28$1,136,178$377,406$64,705$694,066
29$1,181,625$394,221$67,294$720,110
30$1,228,890$411,709$69,985$747,195
Total$22,100,000$6,919,515$1,258,599$13,921,888

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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.