USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 26, 2022

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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 $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 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: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,550,931$245,153$2,508,627
2$4,519,946$1,630,568$257,411$2,631,967
3$4,745,943$1,714,187$270,281$2,761,475
4$4,983,241$1,801,987$283,796$2,897,458
5$5,232,402$1,894,177$297,985$3,040,240
6$5,494,023$1,990,976$312,885$3,190,162
7$5,768,724$2,092,616$328,529$3,347,579
8$6,057,160$2,199,337$344,955$3,512,868
9$6,360,018$2,311,394$362,203$3,686,421
10$6,678,019$2,429,055$380,313$3,868,651
11$7,011,920$2,552,598$399,329$4,059,993
12$7,362,516$2,682,319$419,295$4,260,902
13$7,730,641$2,818,525$440,260$4,471,856
14$8,117,174$2,961,542$462,273$4,693,359
15$8,523,032$3,111,710$485,387$4,925,936
16$8,949,184$3,269,386$509,656$5,170,142
17$9,396,643$3,434,946$535,139$5,426,559
18$9,866,475$3,608,784$561,896$5,695,796
19$10,359,799$3,791,313$589,991$5,978,495
20$10,877,789$3,982,970$619,490$6,275,329
21$11,421,678$4,184,209$650,465$6,587,005
22$11,992,762$4,395,510$682,988$6,914,265
23$12,592,400$4,617,376$717,137$7,257,887
24$13,222,020$4,850,335$752,994$7,618,691
25$13,883,121$5,094,943$790,644$7,997,535
26$14,577,278$5,351,780$830,176$8,395,321
27$15,306,141$5,621,460$871,685$8,812,997
28$16,071,448$5,904,624$915,269$9,251,556
29$16,875,021$6,201,945$961,032$9,712,043
30$17,718,772$6,514,133$1,009,084$10,195,555
Total$286,000,001$104,565,636$16,287,701$165,146,670

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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.