USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 25, 2003

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The tax information provided here is based on 2026 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 $75,800,000 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, Jan 25, 2003
Jackpot:$75,800,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,351,522$456,020$71,631$823,871
2$1,405,582$476,023$74,496$855,064
3$1,461,806$496,825$77,476$887,505
4$1,520,278$518,460$80,575$921,243
5$1,581,089$540,960$83,798$956,331
6$1,644,333$564,360$87,150$992,823
7$1,710,106$588,696$90,636$1,030,774
8$1,778,510$614,006$94,261$1,070,243
9$1,849,651$640,328$98,031$1,111,291
10$1,923,637$667,703$101,953$1,153,981
11$2,000,582$696,173$106,031$1,198,379
12$2,080,605$725,781$110,272$1,244,552
13$2,163,829$756,574$114,683$1,292,572
14$2,250,383$788,599$119,270$1,342,514
15$2,340,398$821,905$124,041$1,394,452
16$2,434,014$856,542$129,003$1,448,469
17$2,531,374$892,566$134,163$1,504,646
18$2,632,629$930,030$139,529$1,563,070
19$2,737,935$968,993$145,111$1,623,831
20$2,847,452$1,009,514$150,915$1,687,023
21$2,961,350$1,051,657$156,952$1,752,742
22$3,079,804$1,095,485$163,230$1,821,090
23$3,202,996$1,141,066$169,759$1,892,172
24$3,331,116$1,188,470$176,549$1,966,097
25$3,464,361$1,237,771$183,611$2,042,979
26$3,602,935$1,289,043$190,956$2,122,936
27$3,747,053$1,342,367$198,594$2,206,092
28$3,896,935$1,397,823$206,538$2,292,574
29$4,052,812$1,455,498$214,799$2,382,515
30$4,214,925$1,515,479$223,391$2,476,054
Total$75,800,000$26,724,717$4,017,404$45,057,885

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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.