USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 5, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $60,200,000 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:Wed, Oct 5, 2011
Jackpot:$60,200,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,073,372$355,335$62,256$655,781
2$1,116,307$371,221$64,746$680,340
3$1,160,959$387,743$67,336$705,881
4$1,207,397$404,925$70,029$732,444
5$1,255,693$422,794$72,830$760,069
6$1,305,921$441,379$75,743$788,799
7$1,358,158$460,706$78,773$818,679
8$1,412,484$480,807$81,924$849,753
9$1,468,984$501,712$85,201$882,071
10$1,527,743$523,453$88,609$915,681
11$1,588,853$546,063$92,153$950,636
12$1,652,407$569,578$95,840$986,989
13$1,718,503$594,034$99,673$1,024,796
14$1,787,243$619,468$103,660$1,064,115
15$1,858,733$645,919$107,807$1,105,008
16$1,933,082$673,428$112,119$1,147,535
17$2,010,406$702,038$116,604$1,191,764
18$2,090,822$731,792$121,268$1,237,762
19$2,174,455$762,736$126,118$1,285,600
20$2,261,433$794,918$131,163$1,335,352
21$2,351,890$828,387$136,410$1,387,093
22$2,445,966$863,195$141,866$1,440,905
23$2,543,804$899,395$147,541$1,496,868
24$2,645,557$937,044$153,442$1,555,071
25$2,751,379$976,198$159,580$1,615,601
26$2,861,434$1,016,918$165,963$1,678,552
27$2,975,891$1,059,268$172,602$1,744,022
28$3,094,927$1,103,311$179,506$1,812,110
29$3,218,724$1,149,116$186,686$1,882,922
30$3,347,473$1,196,753$194,153$1,956,567
Total$60,200,000$21,019,634$3,491,601$35,688,766

◄ Back to Jackpot Analysis

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.