USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Apr 20, 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 $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: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$336,204$59,257$626,204
2$1,062,531$351,324$61,627$649,580
3$1,105,033$367,050$64,092$673,891
4$1,149,234$383,404$66,656$699,174
5$1,195,203$400,413$69,322$725,468
6$1,243,011$418,102$72,095$752,815
7$1,292,732$436,498$74,978$781,255
8$1,344,441$455,631$77,978$810,833
9$1,398,219$475,529$81,097$841,593
10$1,454,147$496,222$84,341$873,585
11$1,512,313$517,744$87,714$906,855
12$1,572,806$540,126$91,223$941,457
13$1,635,718$563,403$94,872$977,443
14$1,701,147$587,612$98,667$1,014,868
15$1,769,193$612,789$102,613$1,053,790
16$1,839,960$638,973$106,718$1,094,270
17$1,913,559$666,205$110,986$1,136,368
18$1,990,101$694,525$115,426$1,180,150
19$2,069,705$723,979$120,043$1,225,684
20$2,152,493$754,610$124,845$1,273,038
21$2,238,593$786,467$129,838$1,322,288
22$2,328,137$819,598$135,032$1,373,507
23$2,421,262$854,055$140,433$1,426,774
24$2,518,113$889,889$146,051$1,482,173
25$2,618,837$927,158$151,893$1,539,787
26$2,723,591$965,916$157,968$1,599,706
27$2,832,534$1,006,225$164,287$1,662,022
28$2,945,836$1,048,147$170,858$1,726,830
29$3,063,669$1,091,745$177,693$1,794,231
30$3,186,216$1,137,088$184,801$1,864,328
Total$57,300,000$19,946,631$3,323,404$34,029,967

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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.