USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 23, 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 $32,200,000 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:Wed, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$28,110$313,163
2$508,889$151,864$29,516$327,509
3$534,333$160,770$30,991$342,572
4$561,050$170,544$32,541$357,966
5$589,103$180,923$34,168$374,012
6$618,558$191,821$35,876$390,860
7$649,486$203,265$37,670$408,551
8$681,960$215,280$39,554$427,126
9$716,058$227,896$41,531$446,630
10$751,861$241,144$43,608$467,109
11$789,454$255,053$45,788$488,613
12$828,927$269,658$48,078$511,191
13$870,373$284,993$50,482$534,898
14$913,892$301,095$53,006$559,791
15$959,586$318,002$55,656$585,928
16$1,007,565$335,754$58,439$613,372
17$1,057,944$354,394$61,361$642,189
18$1,110,841$373,966$64,429$672,446
19$1,166,383$394,517$67,650$704,216
20$1,224,702$416,095$71,033$737,575
21$1,285,937$438,752$74,584$772,601
22$1,350,234$462,542$78,314$809,379
23$1,417,746$487,521$82,229$847,996
24$1,488,633$513,749$86,341$888,543
25$1,563,065$541,289$90,658$931,118
26$1,641,218$570,206$95,191$975,822
27$1,723,279$600,568$99,950$1,022,761
28$1,809,443$632,449$104,948$1,072,046
29$1,899,915$665,924$110,195$1,123,796
30$1,994,911$701,072$115,705$1,178,134
Total$32,200,000$10,804,489$1,867,602$19,527,913

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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.