USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Feb 20, 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 $61,600,000 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, Feb 20, 2010
Jackpot:$61,600,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,098,334$362,341$58,212$677,782
2$1,142,267$378,596$60,540$703,131
3$1,187,958$395,502$62,962$729,495
4$1,235,476$413,084$65,480$756,913
5$1,284,896$431,369$68,099$785,427
6$1,336,291$450,385$70,823$815,083
7$1,389,743$470,162$73,656$845,924
8$1,445,333$490,730$76,603$878,000
9$1,503,146$512,121$79,667$911,358
10$1,563,272$534,368$82,853$946,051
11$1,625,803$557,504$86,168$982,131
12$1,690,835$581,566$89,614$1,019,654
13$1,758,468$606,591$93,199$1,058,679
14$1,828,807$632,616$96,927$1,099,264
15$1,901,959$659,682$100,804$1,141,473
16$1,978,038$687,831$104,836$1,185,370
17$2,057,159$717,106$109,029$1,231,024
18$2,139,446$747,552$113,391$1,278,503
19$2,225,023$779,216$117,926$1,327,881
20$2,314,024$812,146$122,643$1,379,235
21$2,406,585$846,394$127,549$1,432,642
22$2,502,849$882,011$132,651$1,488,186
23$2,602,963$919,053$137,957$1,545,952
24$2,707,081$957,577$143,475$1,606,029
25$2,815,364$997,642$149,214$1,668,508
26$2,927,979$1,039,309$155,183$1,733,487
27$3,045,098$1,082,644$161,390$1,801,064
28$3,166,902$1,127,711$167,846$1,871,345
29$3,293,578$1,174,581$174,560$1,944,437
30$3,425,321$1,223,326$181,542$2,020,453
Total$61,600,000$21,470,716$3,264,799$36,864,481

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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.