USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$20,613$245,108
2$376,429$101,297$21,438$253,694
3$391,486$106,567$22,295$262,624
4$407,146$112,048$23,187$271,910
5$423,431$117,748$24,114$281,569
6$440,369$123,676$25,079$291,613
7$457,983$129,841$26,082$302,060
8$476,303$136,253$27,125$312,924
9$495,355$142,921$28,210$324,223
10$515,169$149,856$29,339$335,974
11$535,776$157,069$30,512$348,195
12$557,207$164,570$31,733$360,904
13$579,495$172,371$33,002$374,122
14$602,675$180,484$34,322$387,869
15$626,782$188,930$35,695$402,157
16$651,853$198,206$37,123$416,524
17$677,927$207,853$38,608$431,466
18$705,045$217,887$40,152$447,006
19$733,246$228,321$41,758$463,167
20$762,576$239,173$43,429$479,974
21$793,079$250,460$45,166$497,454
22$824,802$262,197$46,972$515,633
23$857,795$274,404$48,851$534,539
24$892,106$287,100$50,805$554,201
25$927,791$300,303$52,838$574,650
26$964,902$314,034$54,951$595,917
27$1,003,498$328,315$57,149$618,034
28$1,043,638$343,166$59,435$641,037
29$1,085,384$358,612$61,813$664,959
30$1,128,799$374,676$64,285$689,838
Total$20,300,000$6,264,568$1,156,081$12,879,345

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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.