USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 29, 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 $209,200,000 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, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,338,309$216,343$2,175,405
2$3,879,259$1,393,514$224,997$2,260,748
3$4,034,429$1,450,927$233,997$2,349,506
4$4,195,807$1,510,636$243,357$2,441,814
5$4,363,639$1,572,734$253,091$2,537,814
6$4,538,184$1,637,316$263,215$2,637,654
7$4,719,712$1,704,481$273,743$2,741,487
8$4,908,500$1,774,333$284,693$2,849,474
9$5,104,840$1,846,979$296,081$2,961,781
10$5,309,034$1,922,530$307,924$3,078,580
11$5,521,395$2,001,104$320,241$3,200,050
12$5,742,251$2,082,821$333,051$3,326,380
13$5,971,941$2,167,806$346,373$3,457,763
14$6,210,819$2,256,191$360,227$3,594,401
15$6,459,251$2,348,111$374,637$3,736,504
16$6,717,621$2,443,708$389,622$3,884,292
17$6,986,326$2,543,128$405,207$4,037,991
18$7,265,779$2,646,526$421,415$4,197,838
19$7,556,411$2,754,060$438,272$4,364,079
20$7,858,667$2,865,895$455,803$4,536,970
21$8,173,014$2,982,203$474,035$4,716,776
22$8,499,934$3,103,163$492,996$4,903,775
23$8,839,932$3,228,962$512,716$5,098,253
24$9,193,529$3,359,793$533,225$5,300,511
25$9,561,270$3,495,858$554,554$5,510,859
26$9,943,721$3,637,364$576,736$5,729,621
27$10,341,470$3,784,532$599,805$5,957,133
28$10,755,128$3,937,585$623,797$6,193,746
29$11,185,334$4,096,761$648,749$6,439,823
30$11,632,747$4,262,304$674,699$6,695,743
Total$209,200,000$76,149,634$12,133,601$120,916,771

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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.