USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $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: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$243,231$2,440,574
2$4,361,385$1,571,900$252,960$2,536,524
3$4,535,840$1,636,449$263,079$2,636,313
4$4,717,274$1,703,579$273,602$2,740,093
5$4,905,965$1,773,395$284,546$2,848,024
6$5,102,203$1,846,003$295,928$2,960,273
7$5,306,292$1,921,516$307,765$3,077,011
8$5,518,543$2,000,049$320,076$3,198,419
9$5,739,285$2,081,723$332,879$3,324,683
10$5,968,856$2,166,665$346,194$3,455,998
11$6,207,611$2,255,004$360,041$3,592,566
12$6,455,915$2,346,876$374,443$3,734,596
13$6,714,152$2,442,424$389,421$3,882,307
14$6,982,718$2,541,793$404,998$4,035,927
15$7,262,026$2,645,138$421,198$4,195,691
16$7,552,507$2,752,616$438,045$4,361,847
17$7,854,608$2,864,393$455,567$4,534,648
18$8,168,792$2,980,641$473,790$4,714,361
19$8,495,544$3,101,539$492,742$4,901,263
20$8,835,366$3,227,273$512,451$5,095,641
21$9,188,780$3,358,036$532,949$5,297,795
22$9,556,331$3,494,030$554,267$5,508,034
23$9,938,585$3,635,464$576,438$5,726,683
24$10,336,128$3,782,555$599,495$5,954,077
25$10,749,573$3,935,530$623,475$6,190,568
26$11,179,556$4,094,623$648,414$6,436,518
27$11,626,738$4,260,081$674,351$6,692,307
28$12,091,808$4,432,157$701,325$6,958,326
29$12,575,480$4,611,115$729,378$7,234,987
30$13,078,499$4,797,233$758,553$7,522,714
Total$235,200,000$85,769,634$13,641,601$135,788,768

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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.