USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 2, 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 $254,200,000 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, Nov 2, 2011
Jackpot:$254,200,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,532,411$1,635,180$262,880$2,634,351
2$4,713,708$1,702,260$273,395$2,738,053
3$4,902,256$1,772,022$284,331$2,845,903
4$5,098,346$1,844,576$295,704$2,958,066
5$5,302,280$1,920,031$307,532$3,074,716
6$5,514,371$1,998,505$319,834$3,196,033
7$5,734,946$2,080,118$332,627$3,322,201
8$5,964,344$2,164,995$345,932$3,453,417
9$6,202,918$2,253,267$359,769$3,589,881
10$6,451,034$2,345,070$374,160$3,731,804
11$6,709,076$2,440,546$389,126$3,879,404
12$6,977,439$2,539,840$404,691$4,032,907
13$7,256,536$2,643,106$420,879$4,192,551
14$7,546,798$2,750,503$437,714$4,358,581
15$7,848,670$2,862,196$455,223$4,531,251
16$8,162,617$2,978,356$473,432$4,710,829
17$8,489,121$3,099,163$492,369$4,897,590
18$8,828,686$3,224,802$512,064$5,091,821
19$9,181,833$3,355,466$532,546$5,293,821
20$9,549,107$3,491,357$553,848$5,503,901
21$9,931,071$3,632,684$576,002$5,722,385
22$10,328,314$3,779,664$599,042$5,949,608
23$10,741,446$3,932,523$623,004$6,185,920
24$11,171,104$4,091,496$647,924$6,431,684
25$11,617,949$4,256,829$673,841$6,687,279
26$12,082,666$4,428,774$700,795$6,953,097
27$12,565,973$4,607,598$728,826$7,229,549
28$13,068,612$4,793,574$757,979$7,517,058
29$13,591,357$4,986,990$788,299$7,816,068
30$14,135,011$5,188,142$819,831$8,127,038
Total$254,200,000$92,799,633$14,743,599$146,656,767

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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.