USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Dec 31, 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 $25,000,000 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, Dec 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$25,854$293,511
2$463,583$132,629$26,888$304,066
3$482,126$139,119$27,963$315,044
4$501,411$145,869$29,082$326,461
5$521,467$152,888$30,245$338,334
6$542,326$160,189$31,455$350,682
7$564,019$167,781$32,713$363,525
8$586,580$175,678$34,022$376,881
9$610,043$183,904$35,382$390,757
10$634,445$192,932$36,798$404,715
11$659,823$202,322$38,270$419,231
12$686,215$212,087$39,800$434,327
13$713,664$222,243$41,393$450,028
14$742,211$232,806$43,048$466,357
15$771,899$243,790$44,770$483,339
16$802,775$255,215$46,561$501,000
17$834,886$267,096$48,423$519,367
18$868,281$279,452$50,360$538,469
19$903,013$292,302$52,375$558,336
20$939,133$305,667$54,470$578,996
21$976,699$319,566$56,649$600,484
22$1,015,767$334,021$58,914$622,831
23$1,056,397$349,055$61,271$646,071
24$1,098,653$364,689$63,722$670,242
25$1,142,599$380,949$66,271$695,379
26$1,188,303$397,860$68,922$721,522
27$1,235,835$415,447$71,678$748,710
28$1,285,269$433,737$74,546$776,986
29$1,336,679$452,759$77,527$806,393
30$1,390,147$472,542$80,629$836,976
Total$25,000,000$8,010,982$1,450,001$15,539,020

◄ 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.