USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 25, 2023

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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 $103,400,000 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 25, 2023
Jackpot:$103,400,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,556,318$534,026$90,266$932,026
2$1,634,134$562,817$94,780$976,537
3$1,715,841$593,049$99,519$1,023,273
4$1,801,633$624,792$104,495$1,072,346
5$1,891,715$658,122$109,719$1,123,873
6$1,986,300$693,119$115,205$1,177,976
7$2,085,616$729,865$120,966$1,234,784
8$2,189,896$768,449$127,014$1,294,433
9$2,299,391$808,962$133,365$1,357,064
10$2,414,361$851,501$140,033$1,422,827
11$2,535,079$896,167$147,035$1,491,877
12$2,661,833$943,066$154,386$1,564,381
13$2,794,924$992,310$162,106$1,640,509
14$2,934,670$1,044,016$170,211$1,720,444
15$3,081,404$1,098,307$178,721$1,804,375
16$3,235,474$1,155,313$187,658$1,892,503
17$3,397,248$1,215,169$197,040$1,985,038
18$3,567,110$1,278,019$206,892$2,082,199
19$3,745,466$1,344,010$217,237$2,184,219
20$3,932,739$1,413,301$228,099$2,291,339
21$4,129,376$1,486,057$239,504$2,403,815
22$4,335,845$1,562,450$251,479$2,521,915
23$4,552,637$1,642,663$264,053$2,645,921
24$4,780,269$1,726,887$277,256$2,776,126
25$5,019,282$1,815,322$291,118$2,912,842
26$5,270,247$1,908,179$305,674$3,056,393
27$5,533,759$2,005,679$320,958$3,207,122
28$5,810,447$2,108,053$337,006$3,365,388
29$6,100,969$2,215,546$353,856$3,531,567
30$6,406,018$2,328,414$371,549$3,706,054
Total$103,400,000$37,003,630$5,997,200$60,399,166

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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.