USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 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 $286,000,000 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:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$249,673$2,499,339
2$4,519,946$1,635,335$262,157$2,622,454
3$4,745,943$1,718,954$275,265$2,751,725
4$4,983,241$1,806,754$289,028$2,887,459
5$5,232,402$1,898,944$303,479$3,029,979
6$5,494,023$1,995,743$318,653$3,179,626
7$5,768,724$2,097,383$334,586$3,336,755
8$6,057,160$2,204,104$351,315$3,501,741
9$6,360,018$2,316,162$368,881$3,674,975
10$6,678,019$2,433,822$387,325$3,856,872
11$7,011,920$2,557,365$406,691$4,047,863
12$7,362,516$2,687,086$427,026$4,248,404
13$7,730,641$2,823,292$448,377$4,458,972
14$8,117,174$2,966,309$470,796$4,680,068
15$8,523,032$3,116,477$494,336$4,912,219
16$8,949,184$3,274,153$519,053$5,155,978
17$9,396,643$3,439,713$545,005$5,411,925
18$9,866,475$3,613,551$572,256$5,680,669
19$10,359,799$3,796,081$600,868$5,962,850
20$10,877,789$3,987,737$630,912$6,259,140
21$11,421,678$4,188,976$662,457$6,570,245
22$11,992,762$4,400,277$695,580$6,896,905
23$12,592,400$4,622,143$730,359$7,239,898
24$13,222,020$4,855,102$766,877$7,600,041
25$13,883,121$5,099,710$805,221$7,978,190
26$14,577,278$5,356,548$845,482$8,375,248
27$15,306,141$5,626,227$887,756$8,792,158
28$16,071,448$5,909,391$932,144$9,229,913
29$16,875,021$6,206,713$978,751$9,689,557
30$17,718,772$6,518,901$1,027,689$10,172,183
Total$286,000,001$104,708,651$16,587,998$164,703,351

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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.