USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 $146,600,000 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, Nov 7, 2020
Jackpot:$146,600,000
Federal Tax:37% marginal rate
State Tax: 6.925%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,206,540$780,492$152,803$1,273,245
2$2,316,867$821,313$160,443$1,335,111
3$2,432,711$864,175$168,465$1,400,070
4$2,554,346$909,180$176,888$1,468,277
5$2,682,064$956,436$185,733$1,539,895
6$2,816,167$1,006,054$195,020$1,615,093
7$2,956,975$1,058,153$204,771$1,694,052
8$3,104,824$1,112,857$215,009$1,776,958
9$3,260,065$1,170,296$225,760$1,864,009
10$3,423,068$1,230,608$237,047$1,955,413
11$3,594,222$1,293,934$248,900$2,051,388
12$3,773,933$1,360,427$261,345$2,152,161
13$3,962,630$1,430,245$274,412$2,257,972
14$4,160,761$1,503,554$288,133$2,369,074
15$4,368,799$1,580,528$302,539$2,485,732
16$4,587,239$1,661,351$317,666$2,608,222
17$4,816,601$1,746,215$333,550$2,736,837
18$5,057,431$1,835,322$350,227$2,871,882
19$5,310,303$1,928,884$367,738$3,013,680
20$5,575,818$2,027,125$386,125$3,162,568
21$5,854,609$2,130,277$405,432$3,318,899
22$6,147,339$2,238,588$425,703$3,483,048
23$6,454,706$2,352,313$446,988$3,655,404
24$6,777,441$2,471,725$469,338$3,836,378
25$7,116,313$2,597,108$492,805$4,026,400
26$7,472,129$2,728,760$517,445$4,225,924
27$7,845,735$2,866,994$543,317$4,435,424
28$8,238,022$3,012,140$570,483$4,655,399
29$8,649,923$3,164,544$599,007$4,886,372
30$9,082,419$3,324,567$628,958$5,128,894
Total$146,600,000$53,164,165$10,152,050$83,283,781

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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.