USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Apr 17, 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 $212,700,000 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, Apr 17, 2010
Jackpot:$212,700,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,792,462$1,359,168$201,000$2,232,293
2$3,944,161$1,415,297$209,041$2,319,823
3$4,101,927$1,473,670$217,402$2,410,855
4$4,266,004$1,534,379$226,098$2,505,527
5$4,436,644$1,597,516$235,142$2,603,986
6$4,614,110$1,663,178$244,548$2,706,384
7$4,798,674$1,731,467$254,330$2,812,878
8$4,990,621$1,802,487$264,503$2,923,631
9$5,190,246$1,876,348$275,083$3,038,815
10$5,397,856$1,953,164$286,086$3,158,606
11$5,613,770$2,033,052$297,530$3,283,188
12$5,838,321$2,116,136$309,431$3,412,754
13$6,071,854$2,202,543$321,808$3,547,503
14$6,314,728$2,292,407$334,681$3,687,641
15$6,567,317$2,385,865$348,068$3,833,385
16$6,830,010$2,483,061$361,991$3,984,958
17$7,103,210$2,584,145$376,470$4,142,595
18$7,387,339$2,689,273$391,529$4,306,537
19$7,682,832$2,798,605$407,190$4,477,037
20$7,990,146$2,912,311$423,478$4,654,357
21$8,309,751$3,030,565$440,417$4,838,769
22$8,642,142$3,153,550$458,033$5,030,558
23$8,987,827$3,281,453$476,355$5,230,019
24$9,347,340$3,414,473$495,409$5,437,458
25$9,721,234$3,552,814$515,225$5,653,195
26$10,110,083$3,696,688$535,834$5,877,561
27$10,514,487$3,846,317$557,268$6,110,901
28$10,935,066$4,001,932$579,558$6,353,576
29$11,372,469$4,163,771$602,741$6,605,957
30$11,827,367$4,332,083$626,850$6,868,434
Total$212,700,000$77,377,718$11,273,099$124,049,181

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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.