USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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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 $285,600,000 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, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 6.925%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$297,684$2,446,418
2$4,513,624$1,634,113$312,568$2,566,943
3$4,739,306$1,717,615$328,197$2,693,493
4$4,976,271$1,805,293$344,607$2,826,372
5$5,225,084$1,897,353$361,837$2,965,894
6$5,486,339$1,994,018$379,929$3,112,392
7$5,760,656$2,095,515$398,925$3,266,215
8$6,048,688$2,202,087$418,872$3,427,730
9$6,351,123$2,313,988$439,815$3,597,320
10$6,668,679$2,431,483$461,806$3,775,389
11$7,002,113$2,554,854$484,896$3,962,363
12$7,352,219$2,684,393$509,141$4,158,684
13$7,719,829$2,820,409$534,598$4,364,822
14$8,105,821$2,963,226$561,328$4,581,267
15$8,511,112$3,113,184$589,394$4,808,534
16$8,936,668$3,270,639$618,864$5,047,164
17$9,383,501$3,435,968$649,807$5,297,726
18$9,852,676$3,609,562$682,298$5,560,816
19$10,345,310$3,791,837$716,413$5,837,060
20$10,862,575$3,983,225$752,233$6,127,117
21$11,405,704$4,184,183$789,845$6,431,676
22$11,975,989$4,395,188$829,337$6,751,464
23$12,574,789$4,616,744$870,804$7,087,240
24$13,203,528$4,849,378$914,344$7,439,806
25$13,863,704$5,093,643$960,062$7,810,000
26$14,556,890$5,350,121$1,008,065$8,198,704
27$15,284,734$5,619,424$1,058,468$8,606,842
28$16,048,971$5,902,191$1,111,391$9,035,388
29$16,851,419$6,199,097$1,166,961$9,485,361
30$17,693,990$6,510,849$1,225,309$9,957,833
Total$285,600,001$104,594,167$19,777,798$161,228,033

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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.