USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for May 11, 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 $65,200,000 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:Wed, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$388,321$67,426$706,775
2$1,209,023$405,526$70,123$733,374
3$1,257,384$423,420$72,928$761,036
4$1,307,680$442,029$75,845$789,805
5$1,359,987$461,383$78,879$819,725
6$1,414,386$481,511$82,034$850,841
7$1,470,962$502,444$85,316$883,202
8$1,529,800$524,214$88,728$916,858
9$1,590,992$546,855$92,278$951,860
10$1,654,632$570,402$95,969$988,262
11$1,720,817$594,890$99,807$1,026,120
12$1,789,650$620,358$103,800$1,065,492
13$1,861,236$646,845$107,952$1,106,439
14$1,935,685$674,391$112,270$1,149,024
15$2,013,113$703,039$116,761$1,193,313
16$2,093,637$732,834$121,431$1,239,373
17$2,177,383$763,819$126,288$1,287,275
18$2,264,478$796,045$131,340$1,337,094
19$2,355,057$829,559$136,593$1,388,905
20$2,449,259$864,414$142,057$1,442,789
21$2,547,230$900,663$147,739$1,498,828
22$2,649,119$938,362$153,649$1,557,108
23$2,755,084$977,569$159,795$1,617,720
24$2,865,287$1,018,344$166,187$1,680,757
25$2,979,899$1,060,750$172,834$1,746,314
26$3,099,095$1,104,853$179,747$1,814,494
27$3,223,058$1,150,719$186,937$1,885,402
28$3,351,981$1,198,421$194,415$1,959,145
29$3,486,060$1,248,030$202,191$2,035,839
30$3,625,502$1,299,624$210,279$2,115,600
Total$65,200,000$22,869,634$3,781,598$38,548,769

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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.