USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 24, 2020

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The tax information provided here is based on 2021 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 $105,700,000 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, Oct 24, 2020
Jackpot:$105,700,000
Federal Tax:37% marginal rate
State Tax: 6.925%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,590,937$552,719$110,172$928,045
2$1,670,484$582,151$115,681$972,651
3$1,754,008$613,055$121,465$1,019,488
4$1,841,708$645,504$127,538$1,068,666
5$1,933,793$679,576$133,915$1,120,302
6$2,030,483$715,351$140,611$1,174,521
7$2,132,007$752,915$147,642$1,231,451
8$2,238,608$792,357$155,024$1,291,227
9$2,350,538$833,771$162,775$1,353,992
10$2,468,065$877,256$170,913$1,419,895
11$2,591,468$922,916$179,459$1,489,094
12$2,721,042$970,858$188,432$1,561,752
13$2,857,094$1,021,197$197,854$1,638,043
14$2,999,948$1,074,053$207,746$1,718,149
15$3,149,946$1,129,552$218,134$1,802,260
16$3,307,443$1,187,826$229,040$1,890,577
17$3,472,815$1,249,014$240,492$1,983,309
18$3,646,456$1,313,261$252,517$2,080,678
19$3,828,779$1,380,720$265,143$2,182,915
20$4,020,218$1,451,553$278,400$2,290,265
21$4,221,229$1,525,927$292,320$2,402,982
22$4,432,290$1,604,020$306,936$2,521,334
23$4,653,905$1,686,017$322,283$2,645,605
24$4,886,600$1,772,114$338,397$2,776,089
25$5,130,930$1,862,516$355,317$2,913,097
26$5,387,476$1,957,439$373,083$3,056,955
27$5,656,850$2,057,107$391,737$3,208,006
28$5,939,693$2,161,759$411,324$3,366,610
29$6,236,677$2,271,643$431,890$3,533,145
30$6,548,511$2,387,021$453,484$3,708,005
Total$105,700,000$38,031,168$7,319,724$60,349,108

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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.