USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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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 $325,400,000 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 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$284,069$2,838,551
2$5,142,624$1,865,726$298,272$2,978,626
3$5,399,755$1,960,864$313,186$3,125,705
4$5,669,743$2,060,760$328,845$3,280,138
5$5,953,230$2,165,650$345,287$3,442,292
6$6,250,891$2,275,785$362,552$3,612,555
7$6,563,436$2,391,426$380,679$3,791,330
8$6,891,608$2,512,850$399,713$3,979,045
9$7,236,188$2,640,345$419,699$4,176,145
10$7,597,998$2,774,214$440,684$4,383,100
11$7,977,898$2,914,777$462,718$4,600,402
12$8,376,792$3,062,368$485,854$4,828,570
13$8,795,632$3,217,339$510,147$5,068,146
14$9,235,414$3,380,058$535,654$5,319,702
15$9,697,184$3,550,913$562,437$5,583,834
16$10,182,044$3,730,311$590,559$5,861,174
17$10,691,146$3,918,679$620,086$6,152,380
18$11,225,703$4,116,465$651,091$6,458,147
19$11,786,988$4,324,141$683,645$6,779,202
20$12,376,337$4,542,200$717,828$7,116,310
21$12,995,154$4,771,162$753,719$7,470,273
22$13,644,912$5,011,572$791,405$7,841,935
23$14,327,158$5,264,003$830,975$8,232,179
24$15,043,515$5,529,056$872,524$8,641,936
25$15,795,691$5,807,361$916,150$9,072,180
26$16,585,476$6,099,581$961,958$9,523,937
27$17,414,750$6,406,412$1,010,055$9,998,282
28$18,285,487$6,728,585$1,060,558$10,496,344
29$19,199,761$7,066,867$1,113,586$11,019,308
30$20,159,750$7,422,062$1,169,265$11,568,422
Total$325,400,001$119,286,650$18,873,200$187,240,150

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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.