USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Feb 19, 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 $33,500,000 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, Feb 19, 2003
Jackpot:$33,500,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$597,308$177,827$31,657$387,824
2$621,201$186,189$32,924$402,088
3$646,049$194,995$34,241$416,813
4$671,891$204,557$35,610$431,724
5$698,766$214,501$37,035$447,231
6$726,717$224,843$38,516$463,358
7$755,786$235,598$40,057$480,131
8$786,017$246,784$41,659$497,575
9$817,458$258,417$43,325$515,716
10$850,156$270,515$45,058$534,583
11$884,162$283,097$46,861$554,204
12$919,529$296,183$48,735$574,611
13$956,310$309,792$50,684$595,834
14$994,562$323,945$52,712$617,905
15$1,034,345$338,665$54,820$640,860
16$1,075,719$353,973$57,013$664,732
17$1,118,747$369,894$59,294$689,560
18$1,163,497$386,451$61,665$715,381
19$1,210,037$403,671$64,132$742,234
20$1,258,439$421,580$66,697$770,162
21$1,308,776$440,204$69,365$799,207
22$1,361,127$459,574$72,140$829,413
23$1,415,572$479,719$75,025$860,828
24$1,472,195$500,669$78,026$893,499
25$1,531,083$522,458$81,147$927,478
26$1,592,326$545,118$84,393$962,815
27$1,656,019$568,684$87,769$999,566
28$1,722,260$593,193$91,280$1,037,787
29$1,791,150$618,683$94,931$1,077,537
30$1,862,796$645,192$98,728$1,118,876
Total$33,500,000$11,074,971$1,775,499$20,649,532

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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.