USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jul 23, 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 $93,600,000 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, Jul 23, 2011
Jackpot:$93,600,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,668,897$575,680$96,796$996,421
2$1,735,653$600,379$100,668$1,034,606
3$1,805,079$626,067$104,695$1,074,318
4$1,877,282$652,782$108,882$1,115,618
5$1,952,374$680,566$113,238$1,158,570
6$2,030,469$709,461$117,767$1,203,240
7$2,111,687$739,512$122,478$1,249,697
8$2,196,155$770,765$127,377$1,298,013
9$2,284,001$803,268$132,472$1,348,261
10$2,375,361$837,071$137,771$1,400,519
11$2,470,376$872,227$143,282$1,454,867
12$2,569,191$908,788$149,013$1,511,389
13$2,671,958$946,812$154,974$1,570,172
14$2,778,837$986,357$161,173$1,631,307
15$2,889,990$1,027,484$167,619$1,694,887
16$3,005,590$1,070,256$174,324$1,761,010
17$3,125,813$1,114,739$181,297$1,829,777
18$3,250,846$1,161,001$188,549$1,901,296
19$3,380,880$1,209,113$196,091$1,975,675
20$3,516,115$1,259,150$203,935$2,053,030
21$3,656,759$1,311,189$212,092$2,133,479
22$3,803,030$1,365,309$220,576$2,217,145
23$3,955,151$1,421,594$229,399$2,304,159
24$4,113,357$1,480,130$238,575$2,394,652
25$4,277,891$1,541,008$248,118$2,488,766
26$4,449,007$1,604,320$258,042$2,586,644
27$4,626,967$1,670,166$268,364$2,688,438
28$4,812,046$1,738,645$279,099$2,794,303
29$5,004,528$1,809,863$290,263$2,904,402
30$5,204,709$1,883,930$301,873$3,018,906
Total$93,600,000$33,377,632$5,428,802$54,793,567

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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.