USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 11, 2023

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The tax information provided here is based on 2025 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 $1,764,900,000 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:Wed, Oct 11, 2023
Jackpot:$1,764,900,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$26,564,278$9,785,803$1,512,836$15,265,639
2$27,892,492$10,277,242$1,588,477$16,026,772
3$29,287,116$10,793,253$1,667,901$16,825,962
4$30,751,473$11,335,065$1,751,296$17,665,111
5$32,289,045$11,903,967$1,838,861$18,546,217
6$33,903,498$12,501,314$1,930,804$19,471,379
7$35,598,674$13,128,530$2,027,344$20,442,800
8$37,378,607$13,787,105$2,128,712$21,462,791
9$39,247,537$14,478,609$2,235,147$22,533,781
10$41,209,914$15,204,688$2,346,905$23,658,321
11$43,270,410$15,967,072$2,464,250$24,839,088
12$45,433,930$16,767,574$2,587,462$26,078,893
13$47,705,626$17,608,102$2,716,835$27,380,689
14$50,090,908$18,490,656$2,852,677$28,747,575
15$52,595,453$19,417,338$2,995,311$30,182,804
16$55,225,226$20,390,354$3,145,077$31,689,796
17$57,986,487$21,412,020$3,302,330$33,272,136
18$60,885,811$22,484,770$3,467,447$34,933,594
19$63,930,102$23,611,158$3,640,819$36,678,124
20$67,126,607$24,793,865$3,822,860$38,509,882
21$70,482,937$26,035,707$4,014,003$40,433,227
22$74,007,084$27,339,641$4,214,703$42,452,739
23$77,707,439$28,708,773$4,425,439$44,573,227
24$81,592,810$30,146,360$4,646,711$46,799,739
25$85,672,450$31,655,827$4,879,046$49,137,577
26$89,956,074$33,240,768$5,122,998$51,592,308
27$94,453,878$34,904,955$5,379,148$54,169,774
28$99,176,570$36,652,351$5,648,106$56,876,113
29$104,135,399$38,487,118$5,930,511$59,717,770
30$109,342,170$40,413,623$6,227,037$62,701,510
Total$1,764,900,004$651,723,608$100,511,053$1,012,665,338

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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.