USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Feb 1, 2014

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The tax information provided here is based on 2026 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 $193,900,000 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, Feb 1, 2014
Jackpot:$193,900,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,457,256$1,235,142$183,235$2,038,880
2$3,595,546$1,286,309$190,564$2,118,673
3$3,739,368$1,339,524$198,187$2,201,658
4$3,888,943$1,394,866$206,114$2,287,963
5$4,044,501$1,452,423$214,359$2,377,720
6$4,206,281$1,512,281$222,933$2,471,067
7$4,374,532$1,574,534$231,850$2,568,148
8$4,549,513$1,639,277$241,124$2,669,112
9$4,731,494$1,706,610$250,769$2,774,115
10$4,920,754$1,776,636$260,800$2,883,318
11$5,117,584$1,849,463$271,232$2,996,889
12$5,322,287$1,925,203$282,081$3,115,002
13$5,535,179$2,003,973$293,364$3,237,841
14$5,756,586$2,085,894$305,099$3,365,593
15$5,986,849$2,171,091$317,303$3,498,455
16$6,226,323$2,259,697$329,995$3,636,631
17$6,475,376$2,351,846$343,195$3,780,335
18$6,734,391$2,447,682$356,923$3,929,786
19$7,003,767$2,547,351$371,200$4,085,216
20$7,283,917$2,651,007$386,048$4,246,863
21$7,575,274$2,758,809$401,490$4,414,976
22$7,878,285$2,870,923$417,549$4,589,813
23$8,193,416$2,987,521$434,251$4,771,644
24$8,521,153$3,108,784$451,621$4,960,748
25$8,861,999$3,234,897$469,686$5,157,416
26$9,216,479$3,366,055$488,473$5,361,951
27$9,585,138$3,502,458$508,012$5,574,668
28$9,968,544$3,644,319$528,333$5,795,893
29$10,367,286$3,791,853$549,466$6,025,967
30$10,781,977$3,945,289$571,445$6,265,244
Total$193,900,000$70,421,717$10,276,701$113,201,585

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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.