USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 1, 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 $34,700,000 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:Wed, Sep 1, 2010
Jackpot:$34,700,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$618,704$185,316$32,791$400,597
2$643,453$194,035$34,103$415,315
3$669,191$203,558$35,467$430,166
4$695,958$213,462$36,886$445,611
5$723,797$223,762$38,361$461,673
6$752,749$234,474$39,896$478,379
7$782,858$245,615$41,492$495,752
8$814,173$257,201$43,151$513,820
9$846,740$269,251$44,877$532,612
10$880,609$281,783$46,672$552,154
11$915,834$294,816$48,539$572,479
12$952,467$308,370$50,481$593,616
13$990,566$322,467$52,500$615,599
14$1,030,188$337,127$54,600$638,461
15$1,071,396$352,374$56,784$662,238
16$1,114,252$368,230$59,055$686,966
17$1,158,822$384,721$61,418$712,683
18$1,205,175$401,872$63,874$739,429
19$1,253,382$419,708$66,429$767,244
20$1,303,517$438,259$69,086$796,172
21$1,355,658$457,551$71,850$826,257
22$1,409,884$477,614$74,724$857,546
23$1,466,279$498,481$77,713$890,086
24$1,524,930$520,182$80,821$923,928
25$1,585,928$542,750$84,054$959,123
26$1,649,365$566,222$87,416$995,726
27$1,715,339$590,633$90,913$1,033,794
28$1,783,953$616,020$94,550$1,073,384
29$1,855,311$642,422$98,331$1,114,557
30$1,929,523$669,881$102,265$1,157,378
Total$34,700,000$11,518,157$1,839,099$21,342,745

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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.