USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$39,895$430,496
2$722,243$230,185$41,890$450,168
3$758,355$243,546$43,985$470,824
4$796,273$257,576$46,184$492,513
5$836,087$272,307$48,493$515,287
6$877,891$287,775$50,918$539,199
7$921,786$304,016$53,464$564,306
8$967,875$321,069$56,137$590,669
9$1,016,269$338,974$58,944$618,351
10$1,067,082$357,775$61,891$647,416
11$1,120,436$377,516$64,985$677,934
12$1,176,458$398,244$68,235$709,979
13$1,235,281$420,009$71,646$743,626
14$1,297,045$442,862$75,229$778,955
15$1,361,897$466,857$78,990$816,050
16$1,429,992$492,052$82,940$855,000
17$1,501,492$518,507$87,087$895,898
18$1,576,566$546,284$91,441$938,841
19$1,655,394$575,451$96,013$983,931
20$1,738,164$606,076$100,814$1,031,275
21$1,825,072$638,232$105,854$1,080,986
22$1,916,326$671,996$111,147$1,133,183
23$2,012,142$707,448$116,704$1,187,990
24$2,112,749$744,672$122,539$1,245,538
25$2,218,387$783,758$128,666$1,305,962
26$2,329,306$824,798$135,100$1,369,408
27$2,445,772$867,890$141,855$1,436,026
28$2,568,060$913,137$148,947$1,505,975
29$2,696,463$960,646$156,395$1,579,422
30$2,831,286$1,010,531$164,215$1,656,541
Total$45,700,000$15,797,649$2,650,603$27,251,749

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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.