USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Apr 20, 2011

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The tax information provided here is based on 2025 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 $57,300,000 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, Apr 20, 2011
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$335,036$58,184$628,445
2$1,062,531$350,157$60,511$651,863
3$1,105,033$365,882$62,932$676,219
4$1,149,234$382,237$65,449$701,548
5$1,195,203$399,245$68,067$727,891
6$1,243,011$416,934$70,789$755,287
7$1,292,732$435,331$73,621$783,780
8$1,344,441$454,463$76,566$813,412
9$1,398,219$474,361$79,629$844,229
10$1,454,147$495,055$82,814$876,279
11$1,512,313$516,576$86,126$909,611
12$1,572,806$538,958$89,571$944,276
13$1,635,718$562,236$93,154$980,328
14$1,701,147$586,445$96,880$1,017,822
15$1,769,193$611,622$100,756$1,056,816
16$1,839,960$637,806$104,786$1,097,369
17$1,913,559$665,037$108,977$1,139,545
18$1,990,101$693,358$113,336$1,183,407
19$2,069,705$722,811$117,870$1,229,024
20$2,152,493$753,443$122,584$1,276,466
21$2,238,593$785,300$127,488$1,325,806
22$2,328,137$818,431$132,587$1,377,119
23$2,421,262$852,887$137,891$1,430,484
24$2,518,113$888,722$143,407$1,485,984
25$2,618,837$925,990$149,143$1,543,704
26$2,723,591$964,749$155,108$1,603,733
27$2,832,534$1,005,058$161,313$1,666,164
28$2,945,836$1,046,980$167,765$1,731,091
29$3,063,669$1,090,578$174,476$1,798,615
30$3,186,216$1,135,920$181,455$1,868,841
Total$57,300,000$19,911,608$3,263,235$34,125,158

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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.