USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 30, 2010

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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 $92,500,000 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:Sat, Jan 30, 2010
Jackpot:$92,500,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,649,284$566,192$87,412$995,680
2$1,715,256$590,602$90,909$1,033,745
3$1,783,866$615,988$94,545$1,073,333
4$1,855,220$642,389$98,327$1,114,505
5$1,929,429$669,846$102,260$1,157,323
6$2,006,606$698,402$106,350$1,201,855
7$2,086,871$728,099$110,604$1,248,167
8$2,170,345$758,985$115,028$1,296,332
9$2,257,159$791,106$119,629$1,346,424
10$2,347,446$824,512$124,415$1,398,519
11$2,441,343$859,254$129,391$1,452,698
12$2,538,997$895,386$134,567$1,509,044
13$2,640,557$932,963$139,950$1,567,644
14$2,746,179$972,044$145,548$1,628,588
15$2,856,027$1,012,687$151,369$1,691,970
16$2,970,268$1,054,956$157,424$1,757,887
17$3,089,078$1,098,916$163,721$1,826,441
18$3,212,641$1,144,635$170,270$1,897,737
19$3,341,147$1,192,182$177,081$1,971,885
20$3,474,793$1,241,631$184,164$2,048,998
21$3,613,785$1,293,058$191,531$2,129,197
22$3,758,336$1,346,542$199,192$2,212,603
23$3,908,670$1,402,165$207,159$2,299,345
24$4,065,016$1,460,013$215,446$2,389,557
25$4,227,617$1,520,176$224,064$2,483,378
26$4,396,722$1,582,744$233,026$2,580,951
27$4,572,591$1,647,816$242,347$2,682,427
28$4,755,494$1,715,490$252,041$2,787,963
29$4,945,714$1,785,871$262,123$2,897,720
30$5,143,542$1,859,068$272,608$3,011,867
Total$92,500,000$32,903,718$4,902,501$54,693,783

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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.