USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for May 7, 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 $51,100,000 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, May 7, 2011
Jackpot:$51,100,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$911,118$295,301$52,845$562,972
2$947,563$308,786$54,959$583,818
3$985,465$322,810$57,157$605,498
4$1,024,884$337,395$59,443$628,046
5$1,065,879$352,563$61,821$651,495
6$1,108,514$368,338$64,294$675,883
7$1,152,855$384,744$66,866$701,245
8$1,198,969$401,806$69,540$727,623
9$1,246,928$419,551$72,322$755,055
10$1,296,805$438,006$75,215$783,585
11$1,348,677$457,198$78,223$813,256
12$1,402,624$477,159$81,352$844,113
13$1,458,729$497,918$84,606$876,205
14$1,517,079$519,507$87,991$909,581
15$1,577,762$541,960$91,510$944,292
16$1,640,872$565,310$95,171$980,391
17$1,706,507$589,595$98,977$1,017,934
18$1,774,767$614,852$102,937$1,056,979
19$1,845,758$641,118$107,054$1,097,586
20$1,919,588$668,435$111,336$1,139,817
21$1,996,372$696,845$115,790$1,183,737
22$2,076,227$726,392$120,421$1,229,414
23$2,159,276$757,120$125,238$1,276,918
24$2,245,647$789,077$130,248$1,326,322
25$2,335,473$822,313$135,457$1,377,703
26$2,428,892$856,878$140,876$1,431,138
27$2,526,047$892,825$146,511$1,486,711
28$2,627,089$930,211$152,371$1,544,507
29$2,732,173$969,092$158,466$1,604,615
30$2,841,460$1,009,528$164,805$1,667,127
Total$51,100,000$17,652,633$2,963,802$30,483,566

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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.