USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 12, 2009

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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 $82,200,000 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, Sep 12, 2009
Jackpot:$82,200,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,465,634$498,242$77,679$889,714
2$1,524,260$519,933$80,786$923,540
3$1,585,230$542,492$84,017$958,720
4$1,648,639$565,954$87,378$995,308
5$1,714,585$590,354$90,873$1,033,358
6$1,783,168$615,729$94,508$1,072,931
7$1,854,495$642,120$98,288$1,114,086
8$1,928,675$669,567$102,220$1,156,888
9$2,005,822$698,111$106,309$1,201,402
10$2,086,054$727,797$110,561$1,247,696
11$2,169,497$758,671$114,983$1,295,842
12$2,256,276$790,780$119,583$1,345,914
13$2,346,527$824,172$124,366$1,397,989
14$2,440,389$858,901$129,341$1,452,147
15$2,538,004$895,019$134,514$1,508,471
16$2,639,524$932,581$139,895$1,567,048
17$2,745,105$971,646$145,491$1,627,968
18$2,854,909$1,012,274$151,310$1,691,326
19$2,969,106$1,054,526$157,363$1,757,217
20$3,087,870$1,098,469$163,657$1,825,744
21$3,211,385$1,144,170$170,203$1,897,012
22$3,339,840$1,191,698$177,012$1,971,131
23$3,473,434$1,241,128$184,092$2,048,214
24$3,612,371$1,292,535$191,456$2,128,381
25$3,756,866$1,345,998$199,114$2,211,754
26$3,907,141$1,401,599$207,078$2,298,463
27$4,063,426$1,459,425$215,362$2,388,640
28$4,225,963$1,519,564$223,976$2,482,424
29$4,395,002$1,582,108$232,935$2,579,959
30$4,570,802$1,647,154$242,253$2,681,396
Total$82,200,000$29,092,717$4,356,603$48,750,683

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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.