USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 5, 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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$138,679$1,409,474
2$2,486,657$878,251$144,226$1,464,180
3$2,586,123$915,053$149,995$1,521,075
4$2,689,568$953,328$155,995$1,580,245
5$2,797,151$993,134$162,235$1,641,783
6$2,909,037$1,034,531$168,724$1,705,781
7$3,025,398$1,077,585$175,473$1,772,340
8$3,146,414$1,122,361$182,492$1,841,561
9$3,272,271$1,168,928$189,792$1,913,551
10$3,403,162$1,217,358$197,383$1,988,421
11$3,539,288$1,267,724$205,279$2,066,285
12$3,680,860$1,320,106$213,490$2,147,264
13$3,828,094$1,374,583$222,029$2,231,482
14$3,981,218$1,431,238$230,911$2,319,069
15$4,140,467$1,490,160$240,147$2,410,159
16$4,306,085$1,551,439$249,753$2,504,893
17$4,478,329$1,615,169$259,743$2,603,416
18$4,657,462$1,681,449$270,133$2,705,880
19$4,843,760$1,750,379$280,938$2,812,443
20$5,037,511$1,822,067$292,176$2,923,268
21$5,239,011$1,896,622$303,863$3,038,527
22$5,448,572$1,974,159$316,017$3,158,395
23$5,666,514$2,054,798$328,658$3,283,059
24$5,893,175$2,138,663$341,804$3,412,708
25$6,128,902$2,225,881$355,476$3,547,544
26$6,374,058$2,316,589$369,695$3,687,773
27$6,629,020$2,410,925$384,483$3,833,612
28$6,894,181$2,509,035$399,863$3,985,284
29$7,169,948$2,611,069$415,857$4,143,023
30$7,456,746$2,717,184$432,491$4,307,071
Total$134,100,000$48,362,632$7,777,800$77,959,566

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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.