USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$164,222$1,661,384
2$2,944,677$1,047,718$170,791$1,726,167
3$3,062,464$1,091,299$177,623$1,793,541
4$3,184,962$1,136,624$184,728$1,863,611
5$3,312,361$1,183,761$192,117$1,936,483
6$3,444,855$1,232,784$199,802$2,012,269
7$3,582,649$1,283,768$207,794$2,091,088
8$3,725,955$1,336,791$216,105$2,173,059
9$3,874,993$1,391,935$224,750$2,258,308
10$4,029,993$1,449,285$233,740$2,346,968
11$4,191,193$1,508,929$243,089$2,439,175
12$4,358,841$1,570,959$252,813$2,535,069
13$4,533,194$1,635,470$262,925$2,634,799
14$4,714,522$1,702,561$273,442$2,738,519
15$4,903,103$1,772,336$284,380$2,846,387
16$5,099,227$1,844,902$295,755$2,958,570
17$5,303,196$1,920,370$307,585$3,075,240
18$5,515,324$1,998,858$319,889$3,196,578
19$5,735,937$2,080,484$332,684$3,322,768
20$5,965,374$2,165,376$345,992$3,454,006
21$6,203,989$2,253,664$359,831$3,590,494
22$6,452,149$2,345,483$374,225$3,732,441
23$6,710,235$2,440,975$389,194$3,880,067
24$6,978,644$2,540,286$404,761$4,033,597
25$7,257,790$2,643,570$420,952$4,193,268
26$7,548,102$2,750,985$437,790$4,359,326
27$7,850,026$2,862,697$455,301$4,532,027
28$8,164,027$2,978,878$473,514$4,711,636
29$8,490,588$3,099,705$492,454$4,898,428
30$8,830,211$3,225,366$512,152$5,092,693
Total$158,800,000$57,501,632$9,210,400$92,087,966

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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.