USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$291,315$2,910,009
2$5,273,797$1,914,260$305,880$3,053,657
3$5,537,487$2,011,825$321,174$3,204,487
4$5,814,361$2,114,269$337,233$3,362,860
5$6,105,079$2,221,834$354,095$3,529,150
6$6,410,333$2,334,778$371,799$3,703,756
7$6,730,850$2,453,370$390,389$3,887,091
8$7,067,393$2,577,890$409,909$4,079,594
9$7,420,762$2,708,637$430,404$4,281,721
10$7,791,800$2,845,921$451,924$4,493,955
11$8,181,390$2,990,069$474,521$4,716,800
12$8,590,460$3,141,425$498,247$4,950,788
13$9,019,983$3,300,349$523,159$5,196,475
14$9,470,982$3,467,218$549,317$5,454,447
15$9,944,531$3,642,431$576,783$5,725,317
16$10,441,758$3,826,405$605,622$6,009,730
17$10,963,845$4,019,578$635,903$6,308,365
18$11,512,038$4,222,409$667,698$6,621,931
19$12,087,639$4,435,382$701,083$6,951,175
20$12,692,022$4,659,003$736,137$7,296,881
21$13,326,623$4,893,805$772,944$7,659,873
22$13,992,954$5,140,348$811,591$8,041,014
23$14,692,601$5,399,218$852,171$8,441,213
24$15,427,231$5,671,031$894,779$8,861,421
25$16,198,593$5,956,434$939,518$9,302,640
26$17,008,523$6,256,108$986,494$9,765,920
27$17,858,949$6,570,766$1,035,819$10,252,364
28$18,751,896$6,901,157$1,087,610$10,763,130
29$19,689,491$7,248,067$1,141,990$11,299,434
30$20,673,966$7,612,322$1,199,090$11,862,553
Total$333,700,001$122,357,650$19,354,598$191,987,751

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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.