USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Idaho

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$390,922$3,892,344
2$7,077,034$2,581,458$410,468$4,085,109
3$7,430,886$2,712,383$430,991$4,287,512
4$7,802,430$2,849,854$452,541$4,500,035
5$8,192,552$2,994,199$475,168$4,723,185
6$8,602,179$3,145,761$498,926$4,957,492
7$9,032,289$3,304,902$523,873$5,203,514
8$9,483,903$3,471,999$550,066$5,461,837
9$9,958,098$3,647,451$577,570$5,733,077
10$10,456,003$3,831,676$606,448$6,017,879
11$10,978,803$4,025,112$636,771$6,316,920
12$11,527,743$4,228,220$668,609$6,630,914
13$12,104,130$4,441,483$702,040$6,960,608
14$12,709,337$4,665,410$737,142$7,306,786
15$13,344,804$4,900,532$773,999$7,670,273
16$14,012,044$5,147,411$812,699$8,051,934
17$14,712,646$5,406,634$853,333$8,452,678
18$15,448,278$5,678,818$896,000$8,873,460
19$16,220,692$5,964,611$940,800$9,315,281
20$17,031,727$6,264,694$987,840$9,779,193
21$17,883,313$6,579,781$1,037,232$10,266,300
22$18,777,479$6,910,622$1,089,094$10,777,763
23$19,716,353$7,258,006$1,143,548$11,314,799
24$20,702,170$7,622,758$1,200,726$11,878,686
25$21,737,279$8,005,748$1,260,762$12,470,768
26$22,824,143$8,407,888$1,323,800$13,092,455
27$23,965,350$8,830,135$1,389,990$13,745,225
28$25,163,617$9,273,493$1,459,490$14,430,634
29$26,421,798$9,739,020$1,532,464$15,150,314
30$27,742,888$10,227,824$1,609,088$15,905,977
Total$447,800,001$164,574,650$25,972,400$257,252,952

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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.