USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Mar 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 $44,800,000 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:Wed, Mar 19, 2003
Jackpot:$44,800,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$798,788$251,509$42,336$504,944
2$830,740$263,331$44,029$523,380
3$863,970$275,626$45,790$542,553
4$898,528$288,413$47,622$562,494
5$934,469$301,711$49,527$583,232
6$971,848$315,541$51,508$604,799
7$1,010,722$329,924$53,568$627,229
8$1,051,151$344,883$55,711$650,557
9$1,093,197$360,440$57,939$674,817
10$1,136,925$376,620$60,257$700,048
11$1,182,402$393,446$62,667$726,289
12$1,229,698$410,946$65,174$753,579
13$1,278,886$429,145$67,781$781,960
14$1,330,041$448,073$70,492$811,477
15$1,383,243$467,757$73,312$842,174
16$1,438,573$488,229$76,244$874,099
17$1,496,116$509,520$79,294$907,302
18$1,555,960$531,663$82,466$941,832
19$1,618,199$554,691$85,765$977,743
20$1,682,927$578,640$89,195$1,015,091
21$1,750,244$603,547$92,763$1,053,933
22$1,820,254$629,451$96,473$1,094,329
23$1,893,064$656,391$100,332$1,136,341
24$1,968,786$684,408$104,346$1,180,032
25$2,047,538$713,546$108,520$1,225,472
26$2,129,439$743,850$112,860$1,272,729
27$2,214,617$775,365$117,375$1,321,877
28$2,303,201$808,142$122,070$1,372,990
29$2,395,330$842,229$126,952$1,426,148
30$2,491,143$877,680$132,031$1,481,432
Total$44,800,000$15,254,717$2,374,399$27,170,882

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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.