USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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The tax information provided here is based on 2024 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 $125,800,000 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, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$130,096$1,324,823
2$2,332,748$821,304$135,299$1,376,144
3$2,426,057$855,829$140,711$1,429,517
4$2,523,100$891,735$146,340$1,485,025
5$2,624,024$929,077$152,193$1,542,754
6$2,728,985$967,912$158,281$1,602,791
7$2,838,144$1,008,301$164,612$1,665,231
8$2,951,670$1,050,306$171,197$1,730,167
9$3,069,737$1,093,990$178,045$1,797,702
10$3,192,526$1,139,422$185,167$1,867,937
11$3,320,227$1,186,672$192,573$1,940,982
12$3,453,036$1,235,811$200,276$2,016,949
13$3,591,158$1,286,916$208,287$2,095,954
14$3,734,804$1,340,065$216,619$2,178,120
15$3,884,196$1,395,340$225,283$2,263,572
16$4,039,564$1,452,826$234,295$2,352,443
17$4,201,147$1,512,612$243,666$2,444,868
18$4,369,192$1,574,789$253,413$2,540,990
19$4,543,960$1,639,453$263,550$2,640,957
20$4,725,718$1,706,704$274,092$2,744,923
21$4,914,747$1,776,644$285,055$2,853,048
22$5,111,337$1,849,382$296,458$2,965,497
23$5,315,791$1,925,030$308,316$3,082,444
24$5,528,422$2,003,704$320,648$3,204,070
25$5,749,559$2,085,525$333,474$3,330,560
26$5,979,541$2,170,618$346,813$3,462,110
27$6,218,723$2,259,115$360,686$3,598,922
28$6,467,472$2,351,152$375,113$3,741,206
29$6,726,171$2,446,871$390,118$3,889,182
30$6,995,218$2,546,418$405,723$4,043,077
Total$125,800,000$45,291,631$7,296,399$73,211,965

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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.