USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for May 25, 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 $144,200,000 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 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$909,495$149,124$1,512,482
2$2,673,944$947,547$155,089$1,571,308
3$2,780,902$987,122$161,292$1,632,488
4$2,892,138$1,028,279$167,744$1,696,115
5$3,007,824$1,071,083$174,454$1,762,287
6$3,128,137$1,115,598$181,432$1,831,106
7$3,253,262$1,161,895$188,689$1,902,678
8$3,383,393$1,210,043$196,237$1,977,113
9$3,518,728$1,260,117$204,086$2,054,525
10$3,659,477$1,312,194$212,250$2,135,033
11$3,805,857$1,366,355$220,740$2,218,762
12$3,958,091$1,422,681$229,569$2,305,840
13$4,116,414$1,481,261$238,752$2,396,401
14$4,281,071$1,542,184$248,302$2,490,585
15$4,452,314$1,605,544$258,234$2,588,536
16$4,630,406$1,671,438$268,564$2,690,405
17$4,815,623$1,739,968$279,306$2,796,348
18$5,008,248$1,811,239$290,478$2,906,530
19$5,208,577$1,885,361$302,097$3,021,119
20$5,416,921$1,962,448$314,181$3,140,291
21$5,633,597$2,042,619$326,749$3,264,230
22$5,858,941$2,125,996$339,819$3,393,127
23$6,093,299$2,212,708$353,411$3,527,179
24$6,337,031$2,302,889$367,548$3,666,594
25$6,590,512$2,396,677$382,250$3,811,585
26$6,854,133$2,494,217$397,540$3,962,376
27$7,128,298$2,595,658$413,441$4,119,199
28$7,413,430$2,701,157$429,979$4,282,294
29$7,709,967$2,810,876$447,178$4,451,913
30$8,018,366$2,924,983$465,065$4,628,317
Total$144,200,000$52,099,632$8,363,600$83,736,766

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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.