USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 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 $337,900,000 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:Sat, Nov 25, 2023
Jackpot:$337,900,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,085,880$1,839,963$294,981$2,950,936
2$5,340,174$1,934,052$309,730$3,096,392
3$5,607,183$2,032,845$325,217$3,249,121
4$5,887,542$2,136,578$341,477$3,409,486
5$6,181,919$2,245,498$358,551$3,577,870
6$6,491,015$2,359,863$376,479$3,754,673
7$6,815,566$2,479,947$395,303$3,940,316
8$7,156,344$2,606,035$415,068$4,135,241
9$7,514,161$2,738,427$435,821$4,339,912
10$7,889,869$2,877,439$457,612$4,554,817
11$8,284,363$3,023,402$480,493$4,780,468
12$8,698,581$3,176,663$504,518$5,017,400
13$9,133,510$3,337,586$529,744$5,266,180
14$9,590,185$3,506,556$556,231$5,527,398
15$10,069,694$3,683,975$584,042$5,801,677
16$10,573,179$3,870,264$613,244$6,089,671
17$11,101,838$4,065,868$643,907$6,392,064
18$11,656,930$4,271,252$676,102$6,709,576
19$12,239,776$4,486,905$709,907$7,042,964
20$12,851,765$4,713,341$745,402$7,393,022
21$13,494,353$4,951,099$782,673$7,760,582
22$14,169,071$5,200,744$821,806$8,146,521
23$14,877,525$5,462,872$862,896$8,551,756
24$15,621,401$5,738,106$906,041$8,977,254
25$16,402,471$6,027,102$951,343$9,424,026
26$17,222,595$6,330,548$998,910$9,893,136
27$18,083,724$6,649,166$1,048,856$10,385,703
28$18,987,910$6,983,715$1,101,299$10,902,897
29$19,937,306$7,334,991$1,156,364$11,445,951
30$20,934,171$7,703,831$1,214,182$12,016,158
Total$337,900,001$123,768,633$19,598,199$194,533,168

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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.