USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$50,771$553,857
2$927,165$300,071$52,802$574,292
3$964,252$313,793$54,914$595,544
4$1,002,822$328,064$57,111$617,647
5$1,042,935$342,906$59,395$640,633
6$1,084,652$358,342$61,771$664,540
7$1,128,038$374,394$64,242$689,402
8$1,173,160$391,089$66,811$715,259
9$1,220,086$408,452$69,484$742,150
10$1,268,890$426,509$72,263$770,117
11$1,319,645$445,289$75,154$799,202
12$1,372,431$464,820$78,160$829,451
13$1,427,328$485,132$81,286$860,910
14$1,484,421$506,256$84,538$893,627
15$1,543,798$528,226$87,919$927,653
16$1,605,550$551,074$91,436$963,040
17$1,669,772$574,836$95,094$999,843
18$1,736,563$599,549$98,897$1,038,117
19$1,806,025$625,250$102,853$1,077,923
20$1,878,266$651,979$106,967$1,119,320
21$1,953,397$679,777$111,246$1,162,374
22$2,031,533$708,687$115,696$1,207,150
23$2,112,794$738,754$120,324$1,253,717
24$2,197,306$770,024$125,137$1,302,146
25$2,285,198$802,544$130,142$1,352,513
26$2,376,606$836,365$135,348$1,404,894
27$2,471,671$871,538$140,762$1,459,371
28$2,570,537$908,119$146,392$1,516,026
29$2,673,359$946,163$152,248$1,574,948
30$2,780,293$985,729$158,338$1,636,227
Total$50,000,000$17,210,608$2,847,501$29,941,893

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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.