USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Mar 23, 2011

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The tax information provided here is based on 2026 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 $103,100,000 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, Mar 23, 2011
Jackpot:$103,100,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,838,283$636,122$97,429$1,104,732
2$1,911,815$663,329$101,326$1,147,160
3$1,988,287$691,623$105,379$1,191,284
4$2,067,819$721,050$109,594$1,237,174
5$2,150,531$751,654$113,978$1,284,899
6$2,236,553$783,482$118,537$1,334,534
7$2,326,015$816,583$123,279$1,386,153
8$2,419,055$851,008$128,210$1,439,838
9$2,515,818$886,810$133,338$1,495,669
10$2,616,450$924,044$138,672$1,553,735
11$2,721,108$962,767$144,219$1,614,122
12$2,829,953$1,003,040$149,987$1,676,925
13$2,943,151$1,044,923$155,987$1,742,241
14$3,060,877$1,088,482$162,226$1,810,169
15$3,183,312$1,133,783$168,716$1,880,814
16$3,310,644$1,180,896$175,464$1,954,284
17$3,443,070$1,229,893$182,483$2,030,694
18$3,580,793$1,280,851$189,782$2,110,160
19$3,724,025$1,333,846$197,373$2,192,805
20$3,872,985$1,388,962$205,268$2,278,755
21$4,027,905$1,446,282$213,479$2,368,144
22$4,189,021$1,505,895$222,018$2,461,108
23$4,356,582$1,567,893$230,899$2,557,791
24$4,530,845$1,632,370$240,135$2,658,340
25$4,712,079$1,699,426$249,740$2,762,912
26$4,900,562$1,769,165$259,730$2,871,667
27$5,096,585$1,841,694$270,119$2,984,772
28$5,300,448$1,917,123$280,924$3,102,401
29$5,512,466$1,995,570$292,161$3,224,736
30$5,732,965$2,077,154$303,847$3,351,963
Total$103,100,000$36,825,720$5,464,299$60,809,981

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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.