USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Apr 2, 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 $185,200,000 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, Apr 2, 2011
Jackpot:$185,200,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,302,134$1,177,747$175,013$1,949,374
2$3,434,220$1,226,619$182,014$2,025,588
3$3,571,589$1,277,445$189,294$2,104,849
4$3,714,452$1,330,305$196,866$2,187,282
5$3,863,030$1,385,278$204,741$2,273,011
6$4,017,551$1,442,451$212,930$2,362,170
7$4,178,253$1,501,911$221,447$2,454,895
8$4,345,384$1,563,749$230,305$2,551,329
9$4,519,199$1,628,061$239,518$2,651,621
10$4,699,967$1,694,945$249,098$2,755,924
11$4,887,966$1,764,504$259,062$2,864,399
12$5,083,484$1,836,846$269,425$2,977,213
13$5,286,823$1,912,082$280,202$3,094,540
14$5,498,296$1,990,327$291,410$3,216,560
15$5,718,228$2,071,702$303,066$3,343,460
16$5,946,957$2,156,331$315,189$3,475,437
17$6,184,836$2,244,346$327,796$3,612,693
18$6,432,229$2,335,882$340,908$3,755,439
19$6,689,518$2,431,079$354,544$3,903,895
20$6,957,099$2,530,084$368,726$4,058,289
21$7,235,383$2,633,049$383,475$4,218,859
22$7,524,798$2,740,133$398,814$4,385,851
23$7,825,790$2,851,500$414,767$4,559,524
24$8,138,822$2,967,321$431,358$4,740,143
25$8,464,375$3,087,776$448,612$4,927,987
26$8,802,950$3,213,049$466,556$5,123,345
27$9,155,068$3,343,332$485,219$5,326,517
28$9,521,270$3,478,827$504,627$5,537,816
29$9,902,121$3,619,742$524,812$5,757,567
30$10,298,206$3,766,294$545,805$5,986,108
Total$185,200,000$67,202,717$9,815,599$108,181,685

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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.