USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2025 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,142,526$182,472$1,879,071
2$3,332,232$1,189,946$189,771$1,952,515
3$3,465,521$1,239,263$197,361$2,028,896
4$3,604,142$1,290,553$205,256$2,108,333
5$3,748,307$1,343,894$213,466$2,190,947
6$3,898,240$1,399,369$222,005$2,276,866
7$4,054,169$1,457,063$230,885$2,366,221
8$4,216,336$1,517,065$240,120$2,459,151
9$4,384,989$1,579,466$249,725$2,555,798
10$4,560,389$1,644,364$259,714$2,656,311
11$4,742,805$1,711,858$270,103$2,760,844
12$4,932,517$1,782,051$280,907$2,869,558
13$5,129,817$1,855,053$292,143$2,982,622
14$5,335,010$1,930,974$303,829$3,100,207
15$5,548,411$2,009,932$315,982$3,222,496
16$5,770,347$2,092,049$328,621$3,349,677
17$6,001,161$2,177,450$341,766$3,481,945
18$6,241,207$2,266,267$355,437$3,619,504
19$6,490,856$2,358,637$369,654$3,762,565
20$6,750,490$2,454,701$384,440$3,911,348
21$7,020,509$2,554,609$399,818$4,066,083
22$7,301,330$2,658,512$415,811$4,227,007
23$7,593,383$2,766,572$432,443$4,394,368
24$7,897,118$2,878,954$449,741$4,568,423
25$8,213,003$2,995,831$467,731$4,749,441
26$8,541,523$3,117,384$486,440$4,937,700
27$8,883,184$3,243,798$505,897$5,133,488
28$9,238,511$3,375,269$526,133$5,337,109
29$9,608,052$3,511,999$547,179$5,548,874
30$9,992,374$3,654,199$569,066$5,769,110
Total$179,700,000$65,199,608$10,233,916$104,266,478

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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.