USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,508,667$238,828$2,446,145
2$4,361,385$1,570,733$248,381$2,542,271
3$4,535,840$1,635,281$258,316$2,642,243
4$4,717,274$1,702,412$268,649$2,746,214
5$4,905,965$1,772,227$279,395$2,854,343
6$5,102,203$1,844,836$290,570$2,966,797
7$5,306,292$1,920,348$302,193$3,083,750
8$5,518,543$1,998,881$314,281$3,205,381
9$5,739,285$2,080,556$326,852$3,331,877
10$5,968,856$2,165,497$339,926$3,463,433
11$6,207,611$2,253,836$353,523$3,600,251
12$6,455,915$2,345,709$367,664$3,742,542
13$6,714,152$2,441,256$382,371$3,890,524
14$6,982,718$2,540,626$397,666$4,044,426
15$7,262,026$2,643,970$413,572$4,204,484
16$7,552,507$2,751,448$430,115$4,370,944
17$7,854,608$2,863,225$447,320$4,544,063
18$8,168,792$2,979,473$465,213$4,724,106
19$8,495,544$3,100,371$483,821$4,911,351
20$8,835,366$3,226,105$503,174$5,106,086
21$9,188,780$3,356,869$523,301$5,308,610
22$9,556,331$3,492,863$544,233$5,519,235
23$9,938,585$3,634,297$566,002$5,738,286
24$10,336,128$3,781,388$588,642$5,966,098
25$10,749,573$3,934,362$612,188$6,203,023
26$11,179,556$4,093,456$636,676$6,449,424
27$11,626,738$4,258,913$662,143$6,705,682
28$12,091,808$4,430,989$688,628$6,972,190
29$12,575,480$4,609,948$716,174$7,249,359
30$13,078,499$4,796,065$744,821$7,537,614
Total$235,200,000$85,734,607$13,394,638$136,070,752

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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.