USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 20, 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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$82,732$857,718
2$1,483,464$507,070$86,041$890,354
3$1,542,803$529,025$89,483$924,295
4$1,604,515$551,858$93,062$959,595
5$1,668,696$575,605$96,784$996,306
6$1,735,443$600,302$100,656$1,034,486
7$1,804,861$625,986$104,682$1,074,193
8$1,877,056$652,698$108,869$1,115,488
9$1,952,138$680,479$113,224$1,158,435
10$2,030,223$709,370$117,753$1,203,100
11$2,111,432$739,418$122,463$1,249,551
12$2,195,889$770,667$127,362$1,297,861
13$2,283,725$803,166$132,456$1,348,103
14$2,375,074$836,965$137,754$1,400,355
15$2,470,077$872,116$143,264$1,454,696
16$2,568,880$908,673$148,995$1,511,212
17$2,671,635$946,693$154,955$1,569,988
18$2,778,501$986,233$161,153$1,631,115
19$2,889,641$1,027,355$167,599$1,694,687
20$3,005,226$1,070,122$174,303$1,760,802
21$3,125,435$1,114,599$181,275$1,829,561
22$3,250,453$1,160,855$188,526$1,901,071
23$3,380,471$1,208,962$196,067$1,975,442
24$3,515,690$1,258,993$203,910$2,052,787
25$3,656,317$1,311,025$212,066$2,133,226
26$3,802,570$1,365,139$220,549$2,216,882
27$3,954,673$1,421,417$229,371$2,303,885
28$4,112,860$1,479,946$238,546$2,394,368
29$4,277,374$1,540,816$248,088$2,488,470
30$4,448,469$1,604,121$258,011$2,586,337
Total$80,000,000$28,345,633$4,639,999$47,014,369

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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.