USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 14, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $62,900,000 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 money, as well as deductions claimed.

State:

Idaho

Drawing Date:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$54,911$583,345
2$994,072$325,994$57,656$610,421
3$1,043,776$344,385$60,539$638,852
4$1,095,964$363,695$63,566$668,704
5$1,150,763$383,970$66,744$700,048
6$1,208,301$405,259$70,081$732,960
7$1,268,716$427,613$73,586$767,518
8$1,332,152$451,084$77,265$803,803
9$1,398,759$475,729$81,128$841,903
10$1,468,697$501,606$85,184$881,907
11$1,542,132$528,777$89,444$923,912
12$1,619,239$557,306$93,916$968,017
13$1,700,201$587,262$98,612$1,014,327
14$1,785,211$618,716$103,542$1,062,953
15$1,874,471$651,742$108,719$1,114,010
16$1,968,195$686,420$114,155$1,167,620
17$2,066,604$722,831$119,863$1,223,910
18$2,169,935$761,064$125,856$1,283,015
19$2,278,431$801,207$132,149$1,345,075
20$2,392,353$843,358$138,756$1,410,238
21$2,511,971$887,617$145,694$1,478,659
22$2,637,569$934,088$152,979$1,550,502
23$2,769,447$982,883$160,628$1,625,936
24$2,907,920$1,034,118$168,659$1,705,142
25$3,053,316$1,087,915$177,092$1,788,309
26$3,205,982$1,144,401$185,947$1,875,634
27$3,366,281$1,203,712$195,244$1,967,325
28$3,534,595$1,265,988$205,006$2,063,600
29$3,711,324$1,331,378$215,257$2,164,690
30$3,896,891$1,400,037$226,020$2,270,834
Total$62,900,000$22,018,635$3,648,198$37,233,169

◄ Back to Jackpot Analysis

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.